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M&A Deal Summary

Compass Diversified Acquires Aeroglide

On January 1, 2007, private equity firm Compass Diversified acquired machinery company Aeroglide

Acquisition Highlights
  • This is Compass Diversified’s 3rd transaction in the Machinery sector.
  • This is Compass Diversified’s 7th transaction in the United States.
  • This is Compass Diversified’s 1st transaction in North Carolina.
Investment Fate
  • Aeroglide was sold to a strategic buyer in 2008.

M&A Deal Summary
Date 2007-01-01
Target Aeroglide
Sector Machinery
Buyer(s) Compass Diversified
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Piper Sandler & Co. (Financial)

Target

Aeroglide

Cary, North Carolina, United States
Aeroglide is a designer and manufacturer of industrial drying and cooling equipment. Aeroglide’s specialized thermal processing equipment is designed to remove moisture and heat from, as well as roasting, toasting, and baking a variety of processed products. The Company’s machinery is used in the production of a variety of human foods, animal and pet feeds, and industrial products. Aeroglide is based in Cary, North Carolina.

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Buyer(S) 1

Buyer

Compass Diversified

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Compass Diversified is a holding company focused on acquiring controlling interests in profitable small to middle-market businesses in attractive niche industries. Compass generally looks for US-based companies with proven management in place, low technological and/or product obsolescence risk, diverse customers, and EBITDA of at least $10 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.

DEAL STATS #
Overall 7 of 26
Sector: Machinery M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 12
State: North Carolina M&A 1 of 1
Country: United States M&A 7 of 25
Year: 2007 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Tridien Medical

Coral Springs, Florida, United States

Tridien Medical, Inc. is a manufacturer of medical therapeutic support surfaces and patient positioning devices that serve the acute care, long-term care, and home health care markets. These products are designed to prevent and treat pressure wounds experienced by patients with limited to no mobility. Tridien Medical was established in 2006 and is based in Coral Springs, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 HALO

Sterling, Illinois, United States

HALO is a marketing services platform that distributes promotional products and provides employee recognition services. HALO was founded in 1952 and is headquartered in Sterling, Illinois.

Buy $63M
Mergr

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