M&A Deal Summary

Drum Capital Management Acquires Nichols Brothers Boat Builders

On February 29, 2008, distressed investor Drum Capital Management acquired marine company Nichols Brothers Boat Builders

Acquisition Highlights
  • This is Drum Capital Management’s 1st transaction in the Marine sector.
  • This is Drum Capital Management’s 1st transaction in the United States.
  • This is Drum Capital Management’s 1st transaction in Washington.

M&A Deal Summary

Date 2008-02-29
Target Nichols Brothers Boat Builders
Sector Marine
Buyer(s) Drum Capital Management
Deal Type Special Situations/Distressed

Target

Nichols Brothers Boat Builders

Freeland, Washington, United States
Nichols Brothers Boat Builders is the Northwest's premiere custom boat builder specializing in steel and aluminum vessel construction, repair and major conversions for all vessel types ranging from 70'​ to 380'​ in length. Nichols Brothers Boat Brothers was founded in 1964 and is based in Freeland, Washington.

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Buyer(S) 1

DESCRIPTION

Drum Capital Management is a distressed investment firm focused on primary fund commitments as well as direct, and co-investment opportunities. The Firm's primary fund investment group looks to invest in GPs targeting deep value buyouts, carve-outs, forced sales, or other special situations. The Firm's direct investment team targets control positions in North American businesses with $5 to $20 million of EBITDA and valued up to $100 million. Drum's co-investment criteria spans companies with up to $100 million of EBITDA and valued up to $750 million. Drum Capital Management was formed in 2004 and is headquartered in Stamford, Connecticut.


DEAL STATS #
Overall 1 of 5
Sector (Marine) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 5
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 Venture Metals

Dallas, Texas, United States

Venture Metals provides high-touch recycling solutions to the industrials, manufacturing, energy and metals sectors and is a supplier of high-quality refined nonferrous and ferrous metals to domestic and international markets. Venture's fully-integrated, end-to-end business model provides customers with a highly differentiated solution for their recycling needs. Venture Metals was founded in 1986 and is based in Dallas, Texas.

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