M&A Deal Summary

Dorilton Capital Acquires National Heat Exchange Cleaning

On January 1, 2011, family office Dorilton Capital acquired business services company National Heat Exchange Cleaning

Acquisition Highlights
  • This is Dorilton Capital’s 2nd transaction in the Business Services sector.
  • This is Dorilton Capital’s 3rd transaction in the United States.
  • This is Dorilton Capital’s 1st transaction in Ohio.

M&A Deal Summary

Date 2011-01-01
Target National Heat Exchange Cleaning
Sector Business Services
Buyer(s) Dorilton Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) EdgePoint Capital Advisors (Financial)

Target

National Heat Exchange Cleaning

Youngstown, Ohio, United States
National Heat Exchange Cleaning offers cleaning and refurbishing services for heat exchangers used in power, refinery, chemical, and other industrial applications across North America. With patented mobile cleaning technology, the company’s processes return heat exchangers to maximum efficiency levels and minimize environmental risk. National Heat Exchange Cleaning was founded in 1995 and is based in Youngstown, Ohio.

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Buyer(S) 1

DESCRIPTION

Dorilton Capital is a family-backed private investment firm focused on control investments in small to medium sized businesses across a range of industry sectors. Dorilton seeks to partner with incumbent management in order to create value and targets growth-oriented companies with $4 to $25 million of EBITDA and located in North or South America. Dorilton Capital was established in 2009 and is based in New York City.


DEAL STATS #
Overall 3 of 11
Sector (Business Services) 2 of 7
Type (Buyout (LBO, MBO, MBI)) 3 of 10
State (Ohio) 1 of 1
Country (United States) 3 of 10
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Versa Integrity Group

Lake Charles, Louisiana, United States

Versa Integrity Group offers a full range of inspection and maintenance repair services to industrial, refining and chemical plants, offshore oil platforms, and other industries including nondestructive evaluation (“NDE”) inspection, automated ultrasonic testing and high-end evaluation technologies such as a phased array, time of flight diffraction, and rope access. Versa Integrity Group is based in Lake Charles, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Traditions Health

College Station, Texas, United States

Traditions Health provides home health care and hospice services to patients in South-East Texas. Traditions currently provide care to over 2,100 patients across 24 home health and hospice offices in Texas, Arizona, and California. In addition, the company also provides consulting services and online policy manuals. Traditions Health was founded in 2008 and is based in College Station, Texas.

Buy -