M&A Deal Summary |
|
|---|---|
| Date | 2020-03-05 |
| Target | Flow Dry Technology |
| Sector | Manufacturing |
| Buyer(s) | Filtration Group |
| Sellers(s) |
Ironwood Capital
Argosy Private Equity |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1942 |
| Sector | Manufacturing |
| Revenue | 1.3B USD (2017) |
Filtration Group is a filtration company. Serving industry leaders across the globe, Filtration Group operates facilities in 20 countries under four strategic business units: Medical/Bioscience, Liquid/Process, Environmental Air and Fluid. Filtration Group provides solutions to customers in the food & beverage; water, micro-electronics & telecommunications; environmental air; medical, pharma & bioscience; hydraulic fluid, mining & minerals; industrial finishing and energy industries. Filtration Group was founded in 1942 and is based in Austin, Texas. .
| DEAL STATS | # |
|---|---|
| Overall | 14 of 17 |
| Sector (Manufacturing) | 9 of 10 |
| Type (Add-on Acquisition) | 9 of 12 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 10 of 11 |
| Year (2020) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-06 |
Kaydon Filtration
TULSA, Oklahoma, United States Kaydon Filtration is a designer and manufacturer of fluid filtration systems and replacement elements. Kaydon solutions are used in a variety of applications, including power generation, marine, pulp & paper, oil & gas and manufacturing. Kaydon Filtration is based in TULSA, OKLAHOMA. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-31 |
Global Filter
Cedar Rapids, Iowa, United States Global Filter is a developer, designer and manufacturer of validated filtration solutions serving industry leaders in the food & beverage, pharmaceutical, chemical, fertilizer, petrochemical, oil & gas, ethanol, animal nutrition, power generation, data storage and high purity water markets. Global Filter was founded in 1999 and is based in Cedar Rapids, lowa. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 37 of 53 |
| Sector (Manufacturing) | 5 of 8 |
| Type (Add-on Acquisition) | 24 of 32 |
| State (Ohio) | 2 of 3 |
| Country (United States) | 37 of 53 |
| Year (2020) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-23 |
Denali
Russellville, Arkansas, United States Denali is a provider of specialty waste and environmental recycling and disposal services in the United States, performing mission-critical daily organic waste collection, processing, recycling, and disposal for municipal, industrial food processing and downstream industrial customers. Denali is based in Russellville, Arkansas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-02 |
Performance Team
Santa Fe Springs, California, United States Performance Team LLC is a third-party logistics and distribution provider, offering consolidation, warehousing, distribution, and transportation services across the US. Performance Team was founded in 1987 and is based in Santa Fe Springs, California. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1990 |
| PE ASSETS | 575M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 37 of 53 |
| Sector (Manufacturing) | 7 of 7 |
| Type (Add-on Acquisition) | 25 of 38 |
| State (Ohio) | 2 of 2 |
| Country (United States) | 37 of 53 |
| Year (2020) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-20 |
Groome Industrial Service Group
Denville, New Jersey, United States Groome Industrial Service Group is a provider of industrial cleaning and maintenance services to customers in the natural gas-fired power generation, refinery, manufacturing, construction, marine, and aviation industries. Groome Industrial Service Group was founded in 1969 and is based in Denville, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-01 |
Kmco
Houston, Texas, United States Kmco LLC is an operator of specialty chemical company serving the automotive, petroleum, industrial, and agricultural markets. Kmco was founded in 1975 and is based in Houston, Texas. |
Sell | - |
