M&A Deal Summary

ECP Acquires Gopher Resource

On March 6, 2018, private equity firm ECP acquired environmental company Gopher Resource from Norwest Equity Partners

Acquisition Highlights
  • This is ECP’s 2nd transaction in the Environmental sector.
  • This is ECP’s 39th transaction in the United States.
  • This is ECP’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2018-03-06
Target Gopher Resource
Sector Environmental
Buyer(s) ECP
Sellers(s) Norwest Equity Partners
Deal Type Secondary Buyout

Target

Gopher Resource

Eagan, Minnesota, United States
Gopher Resource is a technologically-advanced secondary lead processor that recycles lead-acid batteries and other lead bearing materials, with a majority of the refined lead being used in automotive and industrial batteries. Additionally, the company recycles polypropylene from battery casings through its subsidiary, Resource Plastics. Gopher Resource was founded in 1946 and is headquartered in Eagan, Minnesota with an additional facility in Tampa, Florida.

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Buyer(S) 1

Buyer

ECP

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.


DEAL STATS #
Overall 40 of 57
Sector: Environmental M&A 2 of 4
Type: Secondary Buyout M&A Deals 3 of 7
State: Minnesota M&A 1 of 2
Country: United States M&A 39 of 53
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Next Wave Energy Partners

Houston, Texas, United States

Next Wave Energy Partners is an independent energy company focused on the development, operation, acquisition and expansion of midstream and downstream petrochemical and fuels assets. Next Wave Energy Partners was founded in 2014 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Wheelabrator Technologies

Hampton, New Hampshire, United States

Wheelabrator Technologies Inc. is a provider in the safe and environmentally sound conversion of municipal solid waste - and other renewable waste fuels - into clean energy. Wheelabrator Technologies was founded in 1908 and is based in Hampton, New Hampshire.

Sell -

Seller(S) 1

SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1961
PE ASSETS 6.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $75 to $175 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 37 of 56
Sector: Environmental M&A 1 of 1
Type: Secondary Buyout M&A Deals 15 of 24
State: Minnesota M&A 8 of 13
Country: United States M&A 36 of 54
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 Avtex Solutions

Minneapolis, Minnesota, United States

Avtex is a full-service Customer Experience (CX) company focused on helping organizations build meaningful connections with their customers, members, and constituents. Avtex offers a wide range of solutions to support CX transformation planning and orchestration of experiences for clients. Avtex Solutions LLC was founded in 1972 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-25 Wahoo

Atlanta, Georgia, United States

Wahoo provides a full ecosystem of sensors and devices for runners, cyclists, and general fitness enthusiasts. Wahoo’s products include the KICKR family of smart indoor riding equipment and accessories, the ELEMNT family of GPS devices and sport watches, the TICKR family of heart rate monitors, as well as Speedplay dual-sided pedals and the SUF structured training app to help you become the most complete athlete. Wahoo was founded in 2009 and is based in Atlanta, Georgia.

Buy -