M&A Deal Summary

Danville Partners Acquires Oil Skimmers

On August 31, 2007, merchant bank Danville Partners acquired machinery company Oil Skimmers

Acquisition Highlights
  • This is Danville Partners’ 1st transaction in the Machinery sector.
  • This is Danville Partners’ 1st transaction in the United States.
  • This is Danville Partners’ 1st transaction in Ohio.

M&A Deal Summary
Date 2007-08-31
Target Oil Skimmers
Sector Machinery
Buyer(s) Danville Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Oil Skimmers

Cleveland, Ohio, United States
Oil Skimmers is a manufacturer of oil skimming equipment. Oil Skimmers offers long-lasting, customized oil skimming equipment and solutions for diverse manufacturing and industrial applications that require dependable, continuous removal of oil from process liquids and wastewater to protect the environment, promote recycling and reduce cost. Oil Skimmers was founded in 1968 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Danville Partners

Cleveland, Ohio, United States

Investor Investor Investor

Category Merchant Bank
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Danville Partners LLC is a fundless sponsor that looks to make control investments in small and mid-sized companies. The Firm seeks to invest $2 to $15 million in businesses generating $2 to $25 million in revenues. Areas of interest include industrial automation, controls and test equipment, safety related products/services, manufacturing, value-added distribution, software, and services. Danville will consider family businesses, divestitures, as well as businesses in need of growth capital. Danville Partners was formed in 2000 and is a based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Mergr

Product

Company

Legal