M&A Deal Summary

Court Square Capital Partners Acquires Drew Marine

On June 30, 2019, private equity firm Court Square Capital Partners acquired chemicals company Drew Marine from TJC

Acquisition Highlights
  • This is Court Square Capital Partners’ 3rd transaction in the Chemicals sector.
  • This is Court Square Capital Partners’ 49th transaction in the United States.
  • This is Court Square Capital Partners’ 2nd transaction in New Jersey.

M&A Deal Summary
Date 2019-06-30
Target Drew Marine
Sector Chemicals
Buyer(s) Court Square Capital Partners
Sellers(s) TJC
Deal Type Secondary Buyout

Target

Drew Marine

Whippany, New Jersey, United States
Drew Marine is a global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Drew Marine has 100 distribution locations in more than 50 countries. Drew Marine is based in Whippany, New Jersey.

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Buyer(S) 1

Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.

DEAL STATS #
Overall 52 of 67
Sector (Chemicals) 3 of 3
Type (Secondary Buyout) 26 of 31
State (New Jersey) 2 of 3
Country (United States) 49 of 64
Year (2019) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Offen Petroleum

Commerce City, Colorado, United States

Offen Petroleum is a provider of fuel, lubricants, and logistics services in Colorado and the Rocky Mountain region. Offen sources and sells fuel in 12 states. In addition to fuels, Offen's lubricants division provides products and solutions for the commercial, industrial, and passenger car segments, as well as diesel exhaust fluids used in emission controls. The Company operates a specialty logistics division that is a premier fuel carrier throughout Colorado. Offen Petroleum was founded in 1930 and is headquartered in Commerce City, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 J. Knipper

Lakewood, New Jersey, United States

J. Knipper provides healthcare marketing solutions to the pharmaceutical, biotech, life sciences and medical device industries in the United States. The Company offers sample fulfillment & distribution, direct marketing, data services, sample compliance and third-party logistics solutions and serves over 100 life sciences companies, including 18 of the top 20 U.S pharmaceutical companies. J. Knipper was founded in 1986 and is headquartered in Lakewood, New Jersey.

Buy -

Seller(S) 1

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 43 of 58
Sector (Chemicals) 4 of 6
Type (Secondary Buyout) 17 of 29
State (New Jersey) 2 of 3
Country (United States) 42 of 56
Year (2019) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-26 Anchor Packaging

Ballwin, Missouri, United States

Anchor Packaging is a manufacturer of rigid packaging products for non-cyclical foodservice, retail supermarket, and food manufacturing markets. Anchor Packaging was founded in 1963 and is based in Ballwin, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Agility

Clinton, Tennessee, United States

Agility is a differentiated, global platform consisting of opportunistic investments in automotive and related markets. Agility expects to capitalize on industry trends by acquiring businesses that are well positioned to benefit from increasing content per vehicle. The primary investment themes include vehicle light‐weighting, safety, comfort and interior and exterior lighting, among others. Agility is based in Clinton, Tennessee.

Buy -
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