M&A Deal Summary

Cloud Investment Partners Acquires AP+M

On December 1, 2017, Cloud Investment Partners acquired energy services and equipment company AP+M from Pfingsten Partners

Acquisition Highlights
  • This is Cloud Investment Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Cloud Investment Partners’ 1st transaction in the United States.
  • This is Cloud Investment Partners’ 1st transaction in Florida.

M&A Deal Summary
Date 2017-12-01
Target AP+M
Sector Energy Services and Equipment
Buyer(s) Cloud Investment Partners
Sellers(s) Pfingsten Partners
Deal Type Add-on Acquisition

Target

AP+M

Boynton Beach, Florida, United States
AP+M is an independent stocking distributor of both heavy-duty and aeroderivative gas turbine parts. AP+M was established in 1990 and is based in Boynton Beach, Florida.

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Buyer(S) 1

Buyer

Cloud Investment Partners

Boynton Beach, Florida, United States
Category Company
Sector Business Services
DESCRIPTION

Cloud Investment Partners is a diversified global investment firm dedicated to Strategic and SoundFinance solutions. Cloud Investment Partners is based in Boynton Beach, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 27 of 40
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 12 of 16
State (Florida) 2 of 2
Country (United States) 27 of 40
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 Lumenier

Sarasota, Florida, United States

Lumenier is a designer, manufacturer, and online retailer of drone equipment, components, and replacement parts for racing, consumer, commercial and military applications. Lumenier is based in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 Diamond Assets

Milton, Wisconsin, United States

Diamond Assets is a provider of IT asset reclamation, refurbishment, and distribution services. Diamond partners with organizations in the education, enterprise and government sectors to maximize the residual value of their IT devices. Diamond Assets was established in 2014 and is based in Milton, Wisconsin.

Buy -
Mergr

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