M&A Deal Summary

DFO Management Acquires Endries International

On December 11, 2018, family office DFO Management acquired distribution company Endries International from Nautic Partners

Acquisition Highlights
  • This is DFO Management’s 2nd transaction in the Distribution sector.
  • This is DFO Management’s 11th transaction in the United States.
  • This is DFO Management’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2018-12-11
Target Endries International
Sector Distribution
Buyer(s) DFO Management
Sellers(s) Nautic Partners
Deal Type Secondary Buyout

Target

Endries International

Brillion, Wisconsin, United States
Endries International, Inc. is a distributor of fasteners and Class-C parts serving industrial Original Equipment Manufacturers (OEMs) worldwide. Endries provides over 500,000 SKUs to its customer base. Endries operates primarily through a Vendor Managed Inventory model, managing C-part categories for its customers across diverse industrial end markets. Endries partners with OEM customers through robust replenishment systems that provide products and support services which are critical to maintaining the manufacturing process.

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Buyer(S) 1

Buyer

DFO Management

New York, New York, United States

Investor Investor

Category Family Office
Founded 1998
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

DFO Management is the private investment vehicle for Michael Dell, founder of Dell Computers. The Firm targets investment opportunities across the US and internationally and is split into several groups. These include Public Equity, Special Opportunities, Private Equity, Real Estate, and Partnerships. The Private Equity group targets transactions that include leveraged and management buyouts, take privates, mezzanine debt and other structured investments, PIPEs and growth equity financings, platform acquisitions and roll-ups, and partnerships with other financial sponsors. DFO looks to commit $100 to $250 million per transaction and prefers investments in non-technology companies. DFO Management was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 12 of 16
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 2 of 3
State (Wisconsin) 1 of 1
Country (United States) 11 of 15
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-25 Waypoint Leasing

Limerick, Ireland

Waypoint Leasing Ltd. is a global helicopter leasing company focused on providing financing solutions to helicopter operators worldwide. Waypoint Leasing was formed in 2013 and is based in Limerick, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 DentalOne Partners

Plano, Texas, United States

DentalOne Partners is a dental practice management company provides a wide range of business services to its affiliated dental practices in Arizona, Colorado, Texas, and Utah. Among the services provided by Dental One are administrative functions, including accounting, human resources, marketing and finance; recruitment of professional, administrative and support personnel in the practices; and equipment and facility leasing. DentalOne Partners is based in Plano, Texas.

Sell -

Seller(S) 1

SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 39 of 47
Sector (Distribution) 1 of 2
Type (Secondary Buyout) 15 of 20
State (Wisconsin) 1 of 1
Country (United States) 39 of 46
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Mikart

Atlanta, Georgia, United States

Mikart is a contract development and manufacturing organization offering a full range of integrated services, technology and support for the development, manufacturing and packaging of solid dose and non-sterile liquid pharmaceuticals. Mikart was founded in 1975 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 Odyssey Behavioral Healthcare

Brentwood, Tennessee, United States

Odyssey Behavioral Healthcare is a provider of behavioral health facilities across the treatment spectrum in psychiatric and addiction care. Odyssey Behavioral Healthcare was founded in 2015 and is based in Brentwood, Tennessee.

Sell -
Mergr

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