M&A Deal Summary

Essex Industries Acquires Stevens Manufacturing

On February 16, 2021, Essex Industries acquired aerospace company Stevens Manufacturing from J.H. Whitney Capital Partners

Acquisition Highlights
  • This is Essex Industries’ 1st transaction in the Aerospace sector.
  • This is Essex Industries’ 1st transaction in the United States.
  • This is Essex Industries’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-02-16
Target Stevens Manufacturing
Sector Aerospace
Buyer(s) Essex Industries
Sellers(s) J.H. Whitney Capital Partners
Deal Type Add-on Acquisition

Target

Stevens Manufacturing

Milford, Connecticut, United States
Stevens Manufacturing Co., Inc. is a manufacturing company, providing in the aerospace industry products & part number marking, CNC milling, CNC lathe & CNC machining, EDM wire cutting. Stevens Manufacturing was founded in 1951 and is based in Milford, Connecticut.

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Buyer(S) 1

Buyer

Essex Industries

St. Louis, Missouri, United States
Category Company
Founded 1947
Sector Aerospace
DESCRIPTION

Essex Industries is a supplier to the Aerospace and Defense market, providing platform controls, aircraft components, emergency breathing, and liquid oxygen equipment. The company employs people in its St. Louis, MO, and Huntington Beach, CA facilities. Essex Industries was founded in 1947 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Essex Medical Gas Regulator Product Line

St. Louis, Missouri, United States

Essex Medical Gas Regulator Product Line provides medical gas regulators for patients requiring respiratory therapy in residential care facilities, hospitals, and clinics.

Sell -

Seller(S) 1

SELLER

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States
Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney & Co. is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney & Co. was formed in 1946 and is based in New Canaan, Connecticut.

DEAL STATS #
Overall 23 of 27
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (Connecticut) 3 of 4
Country (United States) 22 of 26
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 FNF Construction

Tempe, Arizona, United States

FNF Construction Company is an infrastructure-construction company, specializing in asphalt/rubberized-asphalt paving and to a lesser degree, structural concrete building, highway/airport runway painting, and drainage/storm-water system construction. The Company generally serves as the prime contractor for public sector customers such as federal, state and local governmental authorities in the states of Arizona, Colorado, Nevada, Utah, New Mexico and to a lesser degree in Southern California. FNF Construction was founded in 1984 and is based in Tempe, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Aveanna Healthcare

Atlanta, Georgia, United States

Aveanna Healthcare is a provider of pediatric home care with 180 locations in 23 states, and 26,000 caregivers currently serving over 40,000 patients. Aveanna Healthcare was founded in 2016 and is based in Atlanta, Georgia.

Sell -
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