M&A Deal Summary |
|
|---|---|
| Date | 2007-08-10 |
| Target | Peak Lime |
| Sector | Chemicals |
| Buyer(s) | Covia |
| Sellers(s) | Merit Capital Partners |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1970 |
| Sector | Metals/Mining |
| Revenue | 1.6B USD (2019) |
Covia is a producer of high-quality products, distinctive technical capabilities, and the industry’s most comprehensive and accessible distribution network. The company has a strong legacy built on a spirit of partnership with each other which attracts great people and helps them excel while fueling innovation and prosperity for all stakeholders. Covia was founded in 1970 and is based in Independence, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Chemicals) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Alabama) | 1 of 2 |
| Country (United States) | 1 of 3 |
| Year (2007) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1994-01-27 |
AIMCOR Minerals Division /Applied Industrial Materials/
Stamford, Connecticut, United States Miner and distributor of various industrial minerals (primarily southern bentonite and olivine) for use by the U.S. foundry industry. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-01 |
Southern Lime
Calera, Alabama, United States Southern Lime one of the world's leading industrial mineral producers and a subsidiary of Belgium-based SCR-Sibelco NV. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 52 |
| Sector (Chemicals) | 2 of 4 |
| Type (Add-on Acquisition) | 6 of 27 |
| State (Alabama) | 1 of 1 |
| Country (United States) | 15 of 51 |
| Year (2007) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-01 |
Acme Industries
Elk Grove Village, Illinois, United States Acme Industries specializes in the precision machining of large parts, with computer-controlled machining centers capable of handling parts up to 8,000 pounds. Acme’s value-added services include design, engineering, precision machining and prototype machining. Major customers include the Electromotive Division (EMD) of General Motors, Deere and Company and Allison Transmissions. Acme Industries was formed in 1948 and is based in Elk Grove Village, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-15 |
Digney York Associates
Vienna, Virginia, United States Digney York Associates LLC is a provider of interior renovation services to the luxury hospitality industry. Specializing in guest room renovations, the company offers services that span from pre-construction through the construction phase of renovations. Digney York Associates LLC was established in 1985 and is based in Vienna, Virginia. |
Buy | $20M |
