M&A Deal Summary

Equity Group Investments Acquires Veridiam

On January 1, 2012, private equity firm Equity Group Investments acquired manufacturer Veridiam from William Harris Investors and Geneva Glen Capital

Acquisition Highlights
  • This is Equity Group Investments’ 1st transaction in the Manufacturing sector.
  • This is Equity Group Investments’ 2nd transaction in the United States.
  • This is Equity Group Investments’ 1st transaction in California.

M&A Deal Summary

Date 2012-01-01
Target Veridiam
Sector Manufacturing
Buyer(s) Equity Group Investments
Sellers(s) William Harris Investors
Geneva Glen Capital
Deal Type Secondary Buyout

Target

Veridiam

El Cajon, California, United States
Veridiam is an integrated manufacturer of precision engineered metal components and assemblies. The company manufactures assemblies, sub-assemblies, machined components, and precision metal tubing for medical device, nuclear, aerospace, and power generation applications from high-performance alloys including stainless steel and titanium. Veridiam was founded in 1961 and is based in El Cajon, California.

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Buyer(S) 1

Buyer

Equity Group Investments

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
Size Large
Type Sector Agnostic
DESCRIPTION

Equity Group Investments is a private investment group formed by Sam Zell. The Firm looks for opportunistic investments in a variety of sectors including energy, healthcare, logistics, manufacturing, transportation, media, and real estate. Equity Group Investments was established in 1969 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 2 of 17
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 3
State (California) 1 of 4
Country (United States) 2 of 15
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Par Pacific

Houston, Texas, United States

Par Pacific is a provider of petroleum products. Par, through its subsidiaries, owns and operates a 94,000 bpd refinery with related logistics and retail network in Hawaii. Par also transports, markets and distributes crude oil from Western U.S. and Canada to Hawaii and other refining hubs in the Midwest, the Gulf Coast, and the East Coast. Par Pacific was founded in 1984 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 EagleRidge Energy

Dallas, Texas, United States

EagleRidge Energy is a Dallas-based operator focused in the Barnett Shale. ERE is engaged in the exploration and production of onshore natural gas properties. EagleRidge Energy was founded in 2009 and is based in Dallas, Texas.

Buy -

Seller(S) 2

SELLER

William Harris Investors

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Family Office
Founded 1976
Size Small
Type Sector Agnostic
DESCRIPTION

William Harris Investors is a diversified investment and wealth management firm. In addition to providing clients with asset management services, the Firm also offers illiquid investment opportunities and will invest in direct private equity transactions. The Firm's direct private equity group looks to invest in North American mid-sized companies with long operating histories, loyal customers, strong managment, and defensible market positions. WHI generally looks to invest $5 to $15 million of equity in transactions valued up to $75 million. Target companies typically have revenues of at least $10 million and minimum EBITDA of $3 million. Sectors of interest include manufacturing, value-added distribution, and specialty services. WHI prefers control investments where management also participates. William Harris Investors is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 4
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 2 of 2
State (California) 1 of 1
Country (United States) 3 of 4
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Emerald Waste Services

Freeport, Florida, United States

Emerald Waste Services LLC is a solid waste services provider.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 Clinical Resource Network

Vernon Hills, Illinois, United States

Symphony Clinical Research is a provider of specialized in-home and alternate-site clinical services to biotechnology, pharmaceutical, and other healthcare companies of specialized in-home and alternate-site clinical services utilized primarily to expedite clinical trial studies in most therapeutic areas and age groups. Symphony Clinical Research was founded in 2003 and is based in Vernon Hills, Illinois.

Sell -
SELLER

Geneva Glen Capital

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Geneva Glen Capital is a private equity firm that invests in lower middle-market companies. The Firm partners with management when pursuing private companies with leading market positions, significant growth potential, and stable cash flows. Target businesses are located in the US or Canada and have $2 to $20 million of EBITDA. Sectors of interest include business/consumer services, consumer products, environmental services, education, healthcare, niche manufacturing, publishing, chemicals, insurance, and value-added distribution. Geneva Glen will not invest in high technology, retail, restaurants, real estate, or early-stage companies. Geneva Glen Capital was formed in 2008 and is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 11
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 2 of 2
State (California) 1 of 1
Country (United States) 5 of 11
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-02 Omniflight

Addison, Texas, United States

Omniflight, Inc. is a provider of air medical emergency transport services. Air medical services involve transporting patients requiring intensive medical care from either general care hospitals or the scene of an accident to highly skilled trauma centers or tertiary care centers.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Physiotherapy Associates

Exton, Pennsylvania, United States

Physiotherapy Associates, Inc. is a provider of outpatient physical rehabilitation care offering a wide range of services, including general orthopedics, spinal care and neurological rehabilitation, as well as orthotics and prosthetics services.

Buy -