M&A Deal Summary

EnergySolutions Acquires Penguin Logistics

On April 13, 2015, EnergySolutions acquired transportation company Penguin Logistics from Relativity Capital

Acquisition Highlights
  • This is EnergySolutions’ 1st transaction in the Transportation sector.
  • This is EnergySolutions’ 4th transaction in the United States.
  • This is EnergySolutions’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2015-04-13
Target Penguin Logistics
Sector Transportation
Buyer(s) EnergySolutions
Sellers(s) Relativity Capital
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Hogan Lovells (Legal)

Target

Penguin Logistics

Wexford, Pennsylvania, United States
Penguin Logistics LLC (dba MHF Services) is a provider of specialized logistical solutions related to the movement of environmentally sensitive materials.

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Buyer(S) 1

Buyer

EnergySolutions

Salt Lake City, Utah, United States
Category Company
Founded 1988
Sector Environmental
DESCRIPTION

EnergySolutions is a nuclear services company that offers safe recycling, processing, and disposal of nuclear material. EnergySolutions provides a full range of Decommissioning and Decontamination (D&D) services to shut down nuclear power plants. EnergySolutions was founded in 1988 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 4 of 6
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Pennsylvania) 1 of 1
Country (United States) 4 of 6
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 Semprasafe

Atlanta, Georgia, United States

Semprasafe LLC is the processing and handling of waste materials company. Semprasafe was founded in 2011 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 EnergySolutions - Projects Products & Technology Business

United States

EnergySolutions's Projects, Products & Technology Business is an international nuclear engineering service that delivers nuclear waste remediation projects, products, and technology solutions. EnergySolutions's Projects, Products & Technology Business is based in the United States.

Sell $318M

Seller(S) 1

SELLER

Relativity Capital

Arlington, Virginia, United States
Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Relativity Capital is a private equity firm that targets investments in businesses 'throughout all stages of the business cycle'. Relativity will consider control investments in healthy companies in the form of leveraged buyouts, as well as acquisitions of distressed businesses. Relativity's target investment size is $5 to $30 million. Sectors of interest include aerospace, automotive, business services, consumer, defense, general manufacturing, and healthcare. Relativity Capital was formed in 2006 and is based in Arlington, Virginia with additional offices in New York City.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-08 Tactical Micro

Fredericksburg, Virginia, United States

Tactical Micro is a provider of audio, video and wireless products and services for U.S. military and urban training ranges. The Company’s products and services are currently being fielded as part of the U.S. Army PEO STRI’s DRTS (Digital Range Training Systems) modernization program. Tactical Micro is based in Fredericksburg, Virginia.

Sell -
Mergr

Product

Company

Legal