M&A Deal Summary

Delos Capital Acquires Edgard Construction Materials

On August 7, 2018, private equity firm Delos Capital acquired building materials company Edgard Construction Materials

Acquisition Highlights
  • This is Delos Capital’s 1st transaction in the Building Materials sector.
  • This is Delos Capital’s 7th transaction in the United States.
  • This is Delos Capital’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2018-08-07
Target Edgard Construction Materials
Sector Building Materials
Buyer(s) Delos Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Edgard Construction Materials

New Orleans, Louisiana, United States
Edgard Construction Materials operates as a building materials site, providing clay approved by the U.S. Army Corps of Engineers (“USACE”) as contractor furnished material, in addition to other fill soils. Edgard Construction Materials was founded in 2018 and is based in New Orleans, Louisiana.

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Buyer(S) 1

DESCRIPTION

Delos Capital LLC is a private equity firm that partners with strong management teams and strategic owners to invest in lower middle market companies. Delos Capital LLC was founded in 2013 and is based in New York, New York.


DEAL STATS #
Overall 8 of 12
Sector (Building Materials) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 6
State (Louisiana) 1 of 1
Country (United States) 7 of 11
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 HOP Energy

Rye Brook, New York, United States

HOP Energy is a provider of heating oil, propane, and other petroleum products and related services to homeowners and small businesses in the Mid-Atlantic and Northeast regions of the United States. HOP Energy LLC serves a diverse customer base of residential, commercial and light industrial customers, and has a network of 12 strategically located bulk plants providing the Company with roughly 8.4 million gallons of storage capacity. HOP Energy LLC also provides comprehensive HVAC installation and related services. HOP Energy was founded in 1995 and is based in Rye Brook, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 BancTec

Irving, Texas, United States

BancTec, Inc. is a business process outsourcing, providing financial transaction automation and document management services for organizations seeking to drive efficiency in their financial back-office processes. With clients in 50 countries, BancTec operates more than 20 delivery centers worldwide, utilizing a common technology platform to deliver reliability, security, and consistently high levels of performance. BancTecwas founded in 1972 and is based in Irving, Texas.

Sell -