M&A Deal Summary

Eastman Acquires Commonwealth Laminating & Coating

On March 13, 2014, Eastman acquired automotive company Commonwealth Laminating & Coating from TRP Capital Partners and Fenway Partners

Acquisition Highlights
  • This is Eastman’s 1st transaction in the Automotive sector.
  • This is Eastman’s 5th transaction in the United States.
  • This is Eastman’s 1st transaction in Virginia.

M&A Deal Summary

Date 2014-03-13
Target Commonwealth Laminating & Coating
Sector Automotive
Buyer(s) Eastman
Sellers(s) TRP Capital Partners
Fenway Partners
Deal Type Add-on Acquisition

Target

Commonwealth Laminating & Coating

Martinsville, Virginia, United States
SunTek Holding Co. is a designer, manufacturer and distributor of window film to the automotive, residential and commercial markets. The company employs state-of-the-art manufacturing methods and equipment to produce a broad line of window film products, which it distributes directly to dealers through centers in Martinsville, Houston, Phoenix and Dania Beach, Florida. The Company also accesses the international market via a network of established distributors.

Search 200,197 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Eastman

Kingsport, Tennessee, United States

Category Company
Founded 1920
Sector Chemicals
Employees14,000
Revenue 9.2B USD (2023)
DESCRIPTION
Eastman Chemical plant in East St. Louis, Illinois.
Eastman Chemical plant in East St. Louis, Illinois.

Eastman is a specialty chemical company that produces a broad range of advanced materials, chemicals, and fibers. Eastman's businesses are managed through five segments including Additives & Functional Products, Adhesives & Plasticizers, Advanced Materials, Fibers, and Specialty Fluids & Intermediates. Eastman was fouded in 1920 and is based in Kingsport, Tennessee.


DEAL STATS #
Overall 7 of 12
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 5 of 9
State (Virginia) 1 of 1
Country (United States) 5 of 7
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-28 BP - Aviation Turbine Oil Business

Linden, New Jersey, United States

BP's Aviation Turbine Oil Business includes a production facility in Linden, NJ, specialized laboratory equipment located in Naperville, IL, and a long-term supply agreement for products related to the acquired business that BP will use to serve industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-11 Taminco

Allentown, Pennsylvania, United States

Taminco is a global specialty chemical company, with a clear focus on niche markets. Taminco is the world's leading producer of alkylamines & derivatives and a major producer of formic acid & derivatives, supplying diversified, global end markets. Taminco's products are used by customers in the manufacture of a diverse array of products for the agriculture, animal nutrition, water treatment, personal & home care and oil & gas end-markets, and its products provide these goods with a variety of ancillary characteristics required for optimal performance. Taminco currently operates in 23 countries with eight production facilities.

Buy $2.8B

Seller(S) 2

SELLER

TRP Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TRP Capital Partners is a private investment firm focused on opportunities within the transportation industry. Specific areas of interest include auto dealerships, education/training, outsourced services, niche manufacturing, environmental, and distribution/logistics. The Firm prefers to control situations and targets companies valued from $25 to $250 million. TRP Capital Partners was formed in 1997 and is based in Birmingham, Michigan.


DEAL STATS #
Overall 6 of 13
Sector (Automotive) 2 of 3
Type (Add-on Acquisition) 2 of 4
State (Virginia) 1 of 2
Country (United States) 6 of 12
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-04 4Refuel Canada

Langley, British Columbia, Canada

4Refuel Canada LP is a provider of mobile on-site refueling and fuel management services. 4Refuel pioneered the mobile on-site refueling industry in Canada and has built an unmatched market presence in Canada and the US. Headquartered in Toronto, 4Refuel provides service to a range of large and small clients in construction, transportation, oil & gas, power generation, and other industries. As the Canadian market leader, 4Refuel is the only national on-site fuel provider whose core business is direct-to-equipment on-site refueling. 4Refuel Canada was formed in 1995 and is based in Langley, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 Smith System

Arlington, Texas, United States

Smith System is a provider of accident avoidance driver training for vehicle fleets. Smith’s customers, many of whom are Fortune 500 companies, represent diverse end markets from logistics to pharmaceuticals. Smith System was formed in 1952 and is based in Arlington, Texas.

Sell -
SELLER

Fenway Partners

Westerly, Rhode Island, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Fenway Partners is a private equity firm focused on investments in the consumer products and transportation/logistics/distribution sectors. Fenway looks for profitable companies with positive cash-flow and 'strong franchises. Prospective companies are generally valued between $100 and $600 million with $15 to $75 million of EBITDA. The Firm's investment horizon is four to six years. Fenway Partners was formed in 1994 and maintains offices in New York City and Los Angeles.


DEAL STATS #
Overall 13 of 15
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Virginia) 2 of 2
Country (United States) 12 of 14
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-18 Fastfrate Group

Woodbridge, Ontario, Canada

Fastfrate Group is a provider of diversified transportations services in with a national terminal infrastructure. The company has grown into a diversified transportation company with a menu of services including LTL and truckload from any point to any point within Canada and the Northeast and Midwest United States, national drayage and cartage, warehousing, transloading on both the east coast and the west coast, special operational direct ship programs for retailers, and third-party logistics. Fastfrate Group was founded in 1966 and is based in Woodbridge, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-25 Iconic Group

Atlanta, Georgia, United States

Iconic Group is a provider of professional event photography services to educational institutions and endurance race organizers. Iconic Group's divisions include Bob Knight Photo, Chappell Graduation Images, and MarathonFoto. Iconic Group provides professional photography services at 10,000 events and 30,000 shoot dates, taking 53 million consumer images per year under the GradImages, University Photo, WorldWide Photography, and MarathonFoto brands. Iconic Group is based in Atlanta, Georgia.

Buy -