M&A Deal Summary

CSC ServiceWorks Acquires AIR-serv Group

On May 16, 2013, CSC ServiceWorks acquired machinery company AIR-serv Group from Macquarie Bank

Acquisition Highlights
  • This is CSC ServiceWorks’ 1st transaction in the Machinery sector.
  • This is CSC ServiceWorks’ 2nd transaction in the United States.
  • This is CSC ServiceWorks’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2013-05-16
Target AIR-serv Group
Sector Machinery
Buyer(s) CSC ServiceWorks
Sellers(s) Macquarie Bank
Deal Type Divestiture
Advisor(s) Blackstone Advisory Partners (Financial)

Target

AIR-serv Group

Mendota Heights, Minnesota, United States
AIR-serv Group LLC is an operator of freestanding coin-operated tire-inflation and vacuum vending machines. AIR-Serv owns and operates over 32,000 air vending machines, and maintains exclusive contracts for the provision of air vending services with over 90 major national gas station and convenience stores chains.

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Buyer(S) 1

Buyer

CSC ServiceWorks

Melville, New York, United States
Category Company
Founded 2013
Sector Electronics
DESCRIPTION

CSC ServiceWorks is a manufacturer of the coin-operated laundry machine. CSC ServiceWorks was founded in 2013 and is based in Melville, New York.

DEAL STATS #
Overall 2 of 7
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 2 of 7
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-16 Coinmach Service

Plainview, New York, United States

Coinmach Service Corp. is a provider of multi-family housing and commercial laundry solutions as well as the industry leader in air vending services at convenience stores and gas stations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-09 Mac-Gray

Waltham, Massachusetts, United States

Mac-Gray Corporation operates as a laundry facilities management contractor for the multi-unit housing industry in the United States.

Buy $584M

Seller(S) 1

SELLER

Macquarie Bank

Sydney, Australia
Category Company
Founded 1969
Sector Financial Services
Employees19,266
Revenue 6.2B AUD (2024)
DESCRIPTION
Macquarie's corporate headquarters in downtown Sydney.
Macquarie's corporate headquarters in downtown Sydney.

Macquarie Bank is an Australian investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services. Macquarie Bank was founded in 1969 and is based in Sydney, Australia.

DEAL STATS #
Overall 2 of 7
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 5
State (Minnesota) 1 of 2
Country (United States) 2 of 5
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-12 SCC Swiss Commercial Capital AG

Zurich, Switzerland

Since its founding in 2007, SCC Swiss Commercial Capital developed itself as one of the leading service provider for cross-border trade finacne («Trade Finance»). Therefor, SCC provides the interface between the physical and financial value and enables the reduction of credit risks as well as trade finance for global manufacturing companies and their worldwide distribution partners. The company, headquartered in Zurich, has a global market access by representatives in the US and the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 America s Water Heater Rentals

Canonsburg, Pennsylvania, United States

America's Water Heater Rentals LLC is a residential water heater rental business with 85,000 customers in 14 states. Partnered with a fundless sponsor to purchase this non-core business from a large, Midwest utility

Sell $30M
Mergr

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