M&A Deal Summary

Equistone Acquires Vulcan Engineering

On June 24, 2019, private equity firm Equistone acquired engineering company Vulcan Engineering from Patriarch Partners and NiXEN Partners

Acquisition Highlights
  • This is Equistone’s 6th transaction in the Engineering sector.
  • This is Equistone’s 3rd transaction in the United States.
  • This is Equistone’s 1st transaction in Alabama.

M&A Deal Summary
Date 2019-06-24
Target Vulcan Engineering
Sector Engineering
Buyer(s) Equistone
Sellers(s) Patriarch Partners
NiXEN Partners
Deal Type Secondary Buyout

Target

Vulcan Engineering

Helena, Alabama, United States
Vulcan Engineering is an in-house foundry engineering, equipment design, manufacture, and full service integration group in North America. Vulcan Engineering was founded in 1970 and is based in Helena, Alabama.

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Buyer(S) 1

Buyer

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.

DEAL STATS #
Overall 228 of 253
Sector (Engineering) 6 of 6
Type (Secondary Buyout) 73 of 85
State (Alabama) 1 of 1
Country (United States) 3 of 3
Year (2019) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Vulcain Engineering

Neuilly- Sur- Seine, France

Vulcain Engineering is a engineering consultancy group. Vulcain Engineering specializes in energy, oil and gas, pharmaceutical and transportation sectors. Vulcain Engineering was founded in 1998 and is based in Neuilly- Sur- Seine, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Sateco

Mirebeau, France

Sateco is a French provider of metal formworks and safety platforms. Sateco designs and manufactures metal formworks and safety platforms, which are sold to clients primarily in the construction industry. The business also offers complementary services such as equipment rental, maintenance, technical support and training. Sateco was founded in 1953 and is based in Mirebeau, France.

Buy -

Seller(S) 2

SELLER

Patriarch Partners

New York, New York, United States

Investor

Category Private Equity Firm
Founded 2000
Size Large
Type Sector Agnostic
DESCRIPTION

Patriarch Partners is an operationally focused private investment firm focused on acquiring and turning around troubled companies. The Firm will consider opportunities throughout the US and does not have any stated investment preferences. Patriarch Partners was established in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 4 of 12
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 1 of 5
State (Alabama) 1 of 1
Country (United States) 4 of 12
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-14 Old Town Fuel & Fiber

Old Town, Maine, United States

Old Town Fuel & Fiber (OTFF) is a century-old leader in value-added pulp manufacturing. The Company operates from its historic facility on the banks of the Penobscot River in Old Town, Maine.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Oasis International

Columbus, Ohio, United States

Oasis International is a designer, manufacturer, and distributor of clean drinking water products and systems. Oasis offers bottle fillers, drinking fountains, bottle and point-of-use coolers, dehumidifiers, under-sink chillers, and filtration products to municipal and government buildings, schools and universities, hospitals, airports and other transit authorities, offices and residential homes. Oasis International was founded in 1910 and is based in Columbus, Ohio.

Sell -
SELLER

NiXEN Partners

Paris, France

Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NiXEN is a French private equity group that targets investments in middle-market companies valued between €30 and €300 million. iXEN looks to invest €20 to €25 million of equity capital to support management buyouts/buy-ins, leveraged build-ups, owner buy-outs (OBOs), and public to private deals. The Firm is a 'hands-on' investment group and will consider opportunities in a variety of sectors, including manufacturing, consumer goods, specialist retailing, restaurants, and services. iXEN is supported by Natixis Private Equity and was formerly known as Natexis Industrie. The Firm was formed in 1998 and is based in Paris.

DEAL STATS #
Overall 28 of 28
Sector (Engineering) 2 of 2
Type (Secondary Buyout) 17 of 17
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Vulcain Engineering

Neuilly- Sur- Seine, France

Vulcain Engineering is a engineering consultancy group. Vulcain Engineering specializes in energy, oil and gas, pharmaceutical and transportation sectors. Vulcain Engineering was founded in 1998 and is based in Neuilly- Sur- Seine, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 SMRD-Bat 92

Le Bourget, France

SMRD-Bat 92 is a construction company focused on providing services related to adaptation for people with reduced mobility and the aging population, roofing and terrace, TCE works, common and external areas, and housing. SMRD-Bat 92 is based in Le Bourget, France.

Buy -
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