M&A Deal Summary

Critica Infrastructure Acquires Neptune Research

On January 23, 2019, Critica Infrastructure acquired energy services and equipment company Neptune Research from Palm Beach Capital

Acquisition Highlights
  • This is Critica Infrastructure’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Critica Infrastructure’s 2nd transaction in the United States.
  • This is Critica Infrastructure’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-01-23
Target Neptune Research
Sector Energy Services and Equipment
Buyer(s) Critica Infrastructure
Sellers(s) Palm Beach Capital
Deal Type Merger

Target

Neptune Research

Riviera Beach, Florida, United States
Neptune Research, Inc. (NRI) is a premier provider of pre- and field-saturated composites that restore, protect and reinforce pipes, pipelines and civil infrastructures. NRI’s customer base includes companies in a wide variety of industries, including construction, industrial, marine, military, mining, municipalities, offshore, oil & gas distribution, oil & gas transmission, and refining and petrochemical. NRI’s proprietary products are made with moisture-curable and epoxy based carbon fiber, fiberglass, Kevlar® and other aramid composite materials.

Search 201,157 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Critica Infrastructure

Houston, Texas, United States
Category Company
Founded 2019
Sector Energy Services and Equipment
DESCRIPTION

Critica Infrastructure is a manufacturer and provider of high-performance critical infrastructure construction and repair products and associated engineering support and training services. The Company's solutions are used to maintain, rehabilitate, and construct pipelines, natural gas distribution lines, high-consequence industrial pipe works, electrical grids, and civil structures. Critica composite pipe repair systems and inline insertion valves are in use in more than 75 countries and include industry-leading products such as Clock Spring™, Syntho-Glass®XT, Scar-Guard®, Contour, and DiamondWrap® composite products, as well as the award-winning AVT EZ Valve™ for water and gas lines. Critica Infrastructure was founded in 2019 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Merger) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 Clock Spring

Houston, Texas, United States

Clock Spring Co., Inc. is a manufacturer of permanent and temporary composite pipeline repair solutions. The company products are designed to provide structural reinforcement, leak repair, and corrosion prevention for commercial and industrial pipes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Fyfe North America and Fyfe Europe Business

United States

Fyfe North America and Fyfe Europe Business designs and manufactures fiber-reinforced polymer (FRP) systems for strengthening, repair, and restoration of pipes, masonry, concrete, steel, and wooden structures.

Buy -

Seller(S) 1

SELLER

Palm Beach Capital

West Palm Beach, Florida, United States

Investor

Category Private Equity Firm
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palm Beach Capital (PBC) is a generalist private equity firm that specializes in making investments in smaller private companies with at least $5 million in EBITDA. PBC prefers low technology business with high revenue growth rates. Target companies are typically valued between $20 to $300 million. PBC looks to commit $5 to $50 million per investment. Palm Beach Capital was formed in 2001 and is headquartered in Palm Beach, Florida.

DEAL STATS #
Overall 16 of 20
Sector (Energy Services and Equipment) 1 of 1
Type (Merger) 1 of 1
State (Florida) 12 of 13
Country (United States) 16 of 20
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Blue Team Restoration

Boca Raton, Florida, United States

Blue Team Restoration is a provider of disaster restoration, emergency services and remediation, specifically servicing the commercial sector. The construction division is a licensed general and roofing contractor, that performs reconstruction, roofing, and capital improvements for commercial property owners. Blue Team Restoration was founded in 2008 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 UES

Orlando, Florida, United States

UES is a provider of geotechnical engineering, construction materials testing, building code compliance, threshold inspections and environmental consulting. UES was founded in 1964 and is based in Orlando, Florida.

Buy -
Mergr

Product

Company

Legal