M&A Deal Summary

Consorcio Comex S.A. de C.V. - US/Canada Operations Acquires Comex Group

On September 30, 2004, Consorcio Comex S.A. de C.V. - US/Canada Operations acquired building materials company Comex Group from TJC, NewCastle Partners and Farragut Capital Partners

Acquisition Highlights
  • This is Consorcio Comex S.A. de C.V. - US/Canada Operations’ 1st transaction in the Building Materials sector.
  • This is Consorcio Comex S.A. de C.V. - US/Canada Operations’ 1st transaction in the United States.
  • This is Consorcio Comex S.A. de C.V. - US/Canada Operations’ 1st transaction in Colorado.

M&A Deal Summary

Date 2004-09-30
Target Comex Group
Sector Building Materials
Buyer(s) Consorcio Comex S.A. de C.V. - US/Canada Operations
Sellers(s) TJC
NewCastle Partners
Farragut Capital Partners
Deal Type Add-on Acquisition

Target

Comex Group

Lone Tree, Colorado, United States
Comex Group, Inc. engages in the manufacture and distribution of architectural paints and coatings in the North America.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Consorcio Comex S.A. de C.V. - US/Canada Operations

Mexico City, Mexico

Category Company
Sector Chemicals
DESCRIPTION

Comex operations in the U.S. and Canada consist of 314 company operated stores – 234 in the U.S. and 80 in Canada – and eight manufacturing sites – five in the U.S. and three in Canada. In addition, Comex supplies paint and coatings products to approximately 1,500 external retail locations in Canada. The company manufactures and sells products under well-respected brands such as Frazee®, Kwal®, Parker Paints®, General Paints™, Color Wheel® and Para®.


DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1

Seller(S) 3

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 11 of 61
Sector: Building Materials M&A 1 of 2
Type: Add-on Acquisition M&A Deals 4 of 23
State: Colorado M&A 1 of 2
Country: United States M&A 11 of 59
Year: 2004 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-07 FFG Industries

Deerfield, Illinois, United States

Flavor and Fragrance Group (FFG) Industries, Inc. is a middle-market manufacturer of flavors and fragrances serving the food, beverage, home environment, and personal care industries. The Company's flavors and fragrances are used in a variety of consumer products including chai, soft drinks, sport drinks, coffees, health bars, air fresheners, candles, lotions, detergents, and health and beauty aids.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Acadia Elastomers

Roanoke, Virginia, United States

Acadia Elastomers Corp. is a producer of sealing solutions. It also manufactures automotive and industrial rubber products.

Sell -
SELLER

NewCastle Partners

Greenwich, Connecticut, United States

Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

NewCastle Partners is an independent investment firm focused on acquiring smaller middle-market companies in partnership with management. The Firm targets profitable, US-based businesses with defensible market positions. Prospective companies generally have at least $2 million in EBITDA and generate sales of $10 to $50 million. Sectors of interest include niche manufacturing and specialty distribution. Target transactions include recapitalizations, buyouts, growth capital financings, and consolidations. NewCastle was formed in 2001 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 5 of 16
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 10
State: Colorado M&A 1 of 2
Country: United States M&A 5 of 16
Year: 2004 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-17 Universal Technical Institute

Phoenix, Arizona, United States

Universal Technical Institute is a provider of post-secondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. Universal Technical Institute was founded in 1965 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Acadia Elastomers

Roanoke, Virginia, United States

Acadia Elastomers Corp. is a producer of sealing solutions. It also manufactures automotive and industrial rubber products.

Sell -
SELLER

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 6 of 25
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 11
State: Colorado M&A 1 of 1
Country: United States M&A 6 of 25
Year: 2004 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 Specified Air Solutions

Buffalo, New York, United States

Specified Air Solutions is a multi-branded, commercial and industrial HVAC equipment manufacturer focused on providing end users with semi-custom, energy efficient solutions for indoor air quality, cooling, heating, and dehumidification needs. The company's diverse product offering is utilized in a range of niche market applications, including education, hospitality, distribution warehouses, retail, community centers, vehicle service shops, commercial offices, and manufacturing facilities. Specified Air Solutions was founded in 1923 and is based in Buffalo, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-18 Avborne Accessory Group

Miami, Florida, United States

AAR is a provider of diverse products and services to the worldwide commercial aviation and government/defense industries. AAR combines a close-to-the-customer business model with a broad range of capabilities to help customers operate more efficiently, lower costs and maintain high levels of quality, safety and service.

Sell -