M&A Deal Summary |
|
|---|---|
| Date | 2016-03-15 |
| Target | Neptune Benson |
| Sector | Machinery |
| Buyer(s) | Evoqua |
| Sellers(s) |
Maranon Capital
Audax Private Equity |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 2014 |
| Sector | Environmental |
| Revenue | 1.7B USD (2022) |
Evoqua provides water and wastewater treatment products, systems, and services for industrial and municipal customers. Its comprehensive, cost-effective, and reliable treatment systems and services reduce fresh water demand, ensure uninterrupted quantity and quality of water, and enable regulatory and environmental compliance. With a wide range of proven product brands and advanced water and wastewater treatment technologies, mobile and emergency water supply solutions, and service contract options, Evoqua helps cities provide clean water and industrial plants to maintain productivity and profitability. Evoqua was founded in 2014 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 21 |
| Sector (Machinery) | 1 of 6 |
| Type (Add-on Acquisition) | 1 of 15 |
| State (Rhode Island) | 1 of 1 |
| Country (United States) | 1 of 17 |
| Year (2016) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-12 |
Magneto Special Anodes BV
Schiedam, Netherlands Magneto Special Anodes BV is a developer and manufacturer of anodes for the electrochemical industry and refurbishment of electrochlorination cells for seawater electrolysis. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Maranon Capital LP is an investment firm that provides senior financing, mezzanine debt and equity co-investments for private equity backed and non sponsored middle market companies. Maranon seeks investments in financially healthy businesses with stable cash flows, diverse customers, and strong management. Prospective companies are valued between $30 and $150 million and generate $5 to $30 million of EBITDA. Maranon looks to invest $2 to $10 million for equity co-investments, $5 to $30 million for junior capital needs, and $10 to $50 million for senior debt requirements. Areas of interest include business services, healthcare services, distribution, manufacturing and consumer products/services. Funds typically support acquisitions, recapitalizations, refinancings, consolidations, ESOPs and growth capital needs. Maranon Capital LP was formed in 2007 and is based in Chicago. The Firm has additional offices in Birmingham, Michigan and South Bend, Indiana.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 21 |
| Sector (Machinery) | 1 of 3 |
| Type (Add-on Acquisition) | 1 of 4 |
| State (Rhode Island) | 1 of 1 |
| Country (United States) | 7 of 21 |
| Year (2016) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-19 |
California Products
Andover, Massachusetts, United States California Products Corp. is a provider of branded, premium architectural interior and exterior paints and stains, tennis court and other sports surfaces coatings systems, and specialty abatement products. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-31 |
Performance Health and Wellness
Akron, Ohio, United States Performance Health and Wellness is a manufacturer and marketer of rehabilitation and wellness products including topical analgesics, resistance bands and tubing, exercise balls, hand exercisers, and stability trainers. Performance Health and Wellness is based in Akron, Ohio. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 19.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 102 |
| Sector (Machinery) | 4 of 5 |
| Type (Add-on Acquisition) | 18 of 35 |
| State (Rhode Island) | 1 of 1 |
| Country (United States) | 44 of 97 |
| Year (2016) | 3 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-10 |
Gastro Health
Miami, Florida, United States Gastro Health is a gastroenterology physician practice management company with 21 centers across South Florida. Gastro Health was founded in 2003 and is based in Miami, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-14 |
HALO
Sterling, Illinois, United States HALO is a marketing services platform that distributes promotional products and provides employee recognition services. HALO was founded in 1952 and is headquartered in Sterling, Illinois. |
Buy | - |
