M&A Deal Summary

Clearlake Capital Acquires Alkegen

On September 28, 2018, private equity firm Clearlake Capital acquired manufacturer Alkegen from American Securities

Acquisition Highlights
  • This is Clearlake Capital’s 1st transaction in the Manufacturing sector.
  • This is Clearlake Capital’s 45th transaction in the United States.
  • This is Clearlake Capital’s 3rd transaction in New York.

M&A Deal Summary
Date 2018-09-28
Target Alkegen
Sector Manufacturing
Buyer(s) Clearlake Capital
Sellers(s) American Securities
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs
William Blair (Financial)

Target

Alkegen

Buffalo, New York, United States
Alkegen develops and manufactures high-performance specialty materials used in advanced applications including high-temperature industrial insulation, filtration media, battery technologies for electric vehicles and energy storage, and fire protection, among many others. Alkegen was founded in 1891 and is based in Buffalo, New York.

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Buyer(S) 1

Buyer

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 48 of 88
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 14 of 38
State (New York) 3 of 5
Country (United States) 45 of 83
Year (2018) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 American Construction Source

Springfield, Missouri, United States

American Construction Source is an LBM distributor with 70+ locations in nine states serving the needs of custom home builders, repair & remodel contractors, and DIY consumers. ACS provides lumber and building materials businesses the resources, leverage, and focus to make their ideas happen. American Construction Source was founded in 2018 and is based in Springfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 symplr

Houston, Texas, United States

symplr is a healthcare governance, risk, and compliance SaaS platform, offering provider management, credential management, and payer enrollment services to over 1,500 customers representing more than 4,000 healthcare facilities in North America. symplr was founded in 2006 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 39 of 51
Sector (Manufacturing) 5 of 6
Type (Secondary Buyout) 13 of 20
State (New York) 5 of 5
Country (United States) 38 of 50
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-24 Xerium Technologies

Youngsville, North Carolina, United States

Xerium Technologies, Inc. is a manufacturer and supplier of specially engineered consumable products used primarily in the production of paper, paperboard, and specific industrial applications. Xerium products are focused in two key product classifications; woven machine fabrics and felts, and roll covers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Ulterra Drilling Technologies

Fort Worth, Texas, United States

Ulterra Drilling Technologies is an independent supplier of polycrystalline diamond compact drill bits to the oil and gas industry. Ulterra currently has a leading position in many of the most active U.S. onshore oil and gas basins, including the Permian and Eagle Ford, and has a growing presence internationally. Ulterra’s singular focus on PDC drilling technology allows it to deliver the highest level of customer service and customization to producers across a wide range of basins and geological formations, driving industry leading performance and durability.

Sell -
Mergr

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