M&A Deal Summary

EnPro Acquires NxEdge

On November 5, 2021, EnPro acquired business services company NxEdge from Trive Capital for 850M USD

Acquisition Highlights
  • This is EnPro’s 1st transaction in the Business Services sector.
  • This is EnPro’s largest (disclosed) transaction.
  • This is EnPro’s 20th transaction in the United States.
  • This is EnPro’s 1st transaction in Idaho.

M&A Deal Summary

Date 2021-11-05
Target NxEdge
Sector Business Services
Buyer(s) EnPro
Sellers(s) Trive Capital
Deal Type Add-on Acquisition
Deal Value 850M USD

Target

NxEdge

Boise, Idaho, United States
NxEdge provides vertically integrated solutions to the semiconductor market. The company offers custom solutions including machining, anodizing & plating, advanced engineering coatings, fluoropolymer coatings, cleanings, and assembly. NxEdge was established in 2001 and is based in Boise, Idaho.

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Buyer(S) 1

Buyer

EnPro

Charlotte, North Carolina, United States

Category Company
Founded 2002
Sector Machinery
Employees3,500
Revenue 1.1B USD (2023)
DESCRIPTION

EnPro is a provider of sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products. EnPro was founded in 2002 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 26 of 26
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 25 of 25
State (Idaho) 1 of 1
Country (United States) 20 of 20
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 CPI

Stafford, Texas, United States

CPI is a manufacturer of precision-engineered, custom aftermarket products and its broad product offering is critical to the longevity, efficiency and safety of reciprocating compressors. CPI was founded in 2004 and is based in Stafford, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 GGB

Suzhou, China

GGB is a technology and market provider of premium engineered metal-polymer plain bearings with expertise in material science, surface engineering, and tribology. With manufacturing facilities across the United States, Europe, and China. GGB was founded in 1899 and is based in Suzhou, China.

Sell $305M

Seller(S) 1

SELLER

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $300 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.


DEAL STATS #
Overall 14 of 17
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 6 of 8
State (Idaho) 1 of 1
Country (United States) 14 of 16
Year (2021) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Thriving Brands

Cincinnati, Ohio, United States

Thrive Brands is a consumer products company focused on the development and rejuvenation of consumer brands across the globe. Thriving Brands currently serves the ADPO and personal cleansing categories through the Right Guard and Dry Idea brands and plans to acquire strategic assets in adjacent categories to build a full suite of Thriving Brands that consumers love and trust to meet their personal care needs. Thriving Brands is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-07 Premium Guard

New York City, New York, United States

Premium Guard designs, manufactures, and distributes products for automotive, diesel, powersport, and specialty filter markets. Premium Guard also offers a platform for a turnkey private label solution, including product and packaging design, engineering, quality control, supply chain management, distribution, logistics, marketing, and professional field support. Premium Guard is based in New York City.

Buy -