M&A Deal Summary

Dura-Line Holdings Acquires Polypipe Group

On April 24, 2012, Dura-Line Holdings acquired plastics company Polypipe Group from Castle Harlan, Halifax Group and Caird Capital

Acquisition Highlights
  • This is Dura-Line Holdings’ 3rd transaction in the Plastics sector.
  • This is Dura-Line Holdings’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2012-04-24
Target Polypipe Group
Sector Plastics
Buyer(s) Dura-Line Holdings
Sellers(s) Castle Harlan
Halifax Group
Caird Capital
Deal Type Add-on Acquisition

Target

Polypipe Group

Doncaster, United Kingdom
Polypipe Group is a manufactures and sells pressure-rated high density polyethylene pipes. The company's products are used in natural gas distribution, oil and gas gathering, municipal water and waste water, industrial and mining, nuclear power, landfill, and irrigation markets. Polypipe Group was founded in 1980 and is based in Doncaster, the United Kingdom.

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Buyer(S) 1

Buyer

Dura-Line Holdings

Knoxville, Texas, United States
Category Company
Founded 1971
Sector Plastics
DESCRIPTION

Dura-Line Holdings, Inc. is a manufacturer and distributor of communication and energy infrastructure plastic products and systems including conduit, cable-in-conduit, pipe, and accessories.

DEAL STATS #
Overall 3 of 5
Sector (Plastics) 3 of 3
Type (Add-on Acquisition) 1 of 3
Country (United Kingdom) 1 of 1
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-02 Dura-Line

United States

Dura-Line Corp is a manufacturer and distributor extruded high-density polyethylene (HDPE) duct, pipe, and conduit products for the telecom, power utility, electrical, and cable markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-10 Nextube

Johannesburg, South Africa

Nextube (Pty) Ltd. is a manufacturer of high density polyethylene industrial products.

Buy -

Seller(S) 3

SELLER

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 29 of 38
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 14 of 17
Country (United Kingdom) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-10 Securus Technologies

Dallas, Texas, United States

Securus Technologies is a provider of specialized telecommunications products and services, including security-enhanced call processing, call validation and billing for the corrections communications marketplace. Securus Technologies was founded in 1986 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Shelf Drilling

Dubai, United Arab Emirates

Shelf Drilling is an offshore jack-up rig operator engaged in the drilling and completion of offshore oil and gas wells. Shelf Drilling conducts drilling operations in Southeast Asia, the Middle East, India, West Africa, and North Africa / Mediterranean markets with a fleet of 37 independent-leg cantilever jack-up rigs and one swamp barge. Shelf Drilling was founded in 2012 and is based in UAE.

Buy $1.1B
SELLER

Halifax Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $8 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.

DEAL STATS #
Overall 8 of 24
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 3 of 8
Country (United Kingdom) 2 of 4
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-24 Service Champ

Chalfont, Pennsylvania, United States

Service Champ is an distributor of automotive aftermarket maintenance parts and accessories to oil change shops, distributing over 4,500 consumable products, including oil filters, air filters, wiper blades, and chemicals, to locations in the United States and Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-31 Caring Brands International

Sunrise, Florida, United States

Caring Brands International is a provider of home healthcare services under three global brands: Interim Healthcare (United States), Bluebird Care (United Kingdom & Republic of Ireland) and Just Better Care (Australia). The franchisees offer patients a full continuum of care including skilled home nursing, assistance with daily living activities and end-of-life hospice care. Caring Brands International was founded in 1966 and is based in Sunrise, Florida.

Buy -
SELLER

Caird Capital

Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Caird Capital LLP is a private equity firm focused on acquiring and investing in UK-based middle-market companies. Caird does not have any sector preferences. Caird Capital is based in London.

DEAL STATS #
Overall 7 of 19
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 4 of 6
Country (United Kingdom) 6 of 18
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Securistyle

Cheltenham, United Kingdom

Securistyle Ltd. is a manufacturer of architectural hardware products which include hinges, locking mechanisms and handles for use on windows, doors and conservatories. The business supplied its products to the public sector, housing trusts, resellers and direct to other manufacturers. Securistyle dominated the specifier market in the UK and during the investment holding period Securistyle saw significant growth in both China and the Middle East.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-26 Bifold Fluidpower

Manchester, United Kingdom

Bifold Fluidpower Ltd. is a designer and manufacturer of switching instrument valves and pumps for the oil and gas industry.

Sell -
Mergr

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