M&A Deal Summary

D Orazio Capital and Caltius Structured Capital Acquire GLM Energy Services

On July 20, 2016, private equity firm D Orazio Capital and mezzanine finance firm Caltius Structured Capital acquired energy services and equipment company GLM Energy Services

Acquisition Highlights
  • This is D Orazio Capital’s 1st and Caltius Structured Capital’s 2nd transaction in the Energy Services and Equipment sector.
  • This is D Orazio Capital’s 2nd and Caltius Structured Capital’s 45th transaction in the United States.
  • This is D Orazio Capital’s 1st and Caltius Structured Capital’s 1st transaction in Alaska.

M&A Deal Summary

Date 2016-07-20
Target GLM Energy Services
Sector Energy Services and Equipment
Buyer(s) D Orazio Capital
Caltius Structured Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

GLM Energy Services

Kenai, Alaska, United States
GLM Energy Services is a provider of components, maintenance, and repairs to gas turbines, centrifugal gas compressors, pumps, gearboxes, and generators in the energy industry. GLM specializes in overhaul and parts manufacturing of Solar, GE, and Siemens gas turbines and is a certified GE Distributor and Green Tag repair center providing the highest quality of repair and expertise concerning GE valves. GLM Energy Services is based in Kenai, Alaska.

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Buyer(S) 2

DESCRIPTION

D’Orazio Capital Partners is a private investment firm focused on control investments in profitable, lower middle-market North American companies with up to $100 million in annual revenue. D’Orazio will consider a variety of investment situations including ownership transitions, non-core divestitures, and recapitalizations. Sectors of interest include logistics, maintenance/repair, industrial manufacturing, supply-chain management, oil/gas, and energy products/services. D’Orazio Capital Partners was established in 2015 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Alaska) 1 of 1
Country (United States) 2 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Red Head Brass

Shreve, Ohio, United States

Red Head Brass is a manufacturer of fire hose couplings and related accessories in North America. Red Head Brass couplings and accessories are used to connect separate pieces of hose, to connect a hose to fire trucks and hydrants, and to similar applications. Red Head Brass was founded in 1972 and is based in Shreve, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-25 New Castle Stainless Plate

New Castle, Indiana, United States

New Castle Stainless Plate is a producer of world-class specialty and standard grades of stainless steel. Its end markets include infrastructure, transportation, power generation, heavy chemical industries, and the oil & gas sector. New Castle Stainless Plate is based in New Castle, Indiana.

Buy €28M
Buyer

Caltius Structured Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Caltius Structured Capital is an investment firm focused on providing junior debt and minority equity to lower middle-market companies throughout North America. The Firm looks to invest between $7 to $50 million in companies with revenues of $15 to $250 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and acquisition financings. Sectors of interest include business services, consumer products/services, healthcare services, manufacturing, tech-enabled services, and staffing. Caltius Structured Capital was formed in 1997 and is based in Los Angeles, California.


DEAL STATS #
Overall 45 of 53
Sector (Energy Services and Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 25 of 27
State (Alaska) 1 of 1
Country (United States) 45 of 53
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 HealthPlan Holdings

Tampa, Florida, United States

HealthPlan Holdings, Inc. (HealthPlan Services) is a provider of technology solutions to health insurance and managed care industries.

Sell $460M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-29 Griplock Systems

Carpinteria, California, United States

Griplock Systems is a designer and provider of proprietary cable suspension hardware and low voltage systems used in architectural lighting, retail display and signage, industrial and highbay lighting, rigging, art display, and other growing end markets. Griplock Systems was founded in 1992 and is based in Carpinteria, California.

Sell -