M&A Deal Summary

Filtration Group Acquires UAF

On March 1, 2012, Filtration Group acquired manufacturer UAF from Thompson Street Capital Partners and Audax Private Debt

Acquisition Highlights
  • This is Filtration Group’s 1st transaction in the Manufacturing sector.
  • This is Filtration Group’s 2nd transaction in the United States.
  • This is Filtration Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2012-03-01
Target UAF
Sector Manufacturing
Buyer(s) Filtration Group
Sellers(s) Thompson Street Capital Partners
Audax Private Debt
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target

UAF

Sauget, Illinois, United States
UAF designs and manufactures custom air filters and EMI shielding products used to protect commercial equipment and electronics enclosures. With exceptional design and application knowledge necessary to satisfy electronics cooling requirements of increasingly powerful and complex equipment. UAF was founded in 1959 and is based in Sauget, Illinois.

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Buyer(S) 1

Buyer

Filtration Group

Austin, Texas, United States

Category Company
Founded 1942
Sector Manufacturing
Revenue 1.3B USD (2017)
DESCRIPTION

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 2 of 17
Sector (Manufacturing) 1 of 10
Type (Add-on Acquisition) 2 of 12
State (Illinois) 1 of 2
Country (United States) 2 of 11
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Jonell

Breckenridge, Texas, United States

Jonell provides liquid/process filtration solutions to the oil and gas industry. Jonell has worked diligently to advance both the science and economics of oil and gas filtration and is capable of delivering a variety of filtration/separation solutions to fit specific maintenance and operating conditions. Jonell was founded in 1987 and is based in Breckenridge, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-11 Chemco Manufacturing

Northbrook, Illinois, United States

Chemco Manufacturing has been distributing custom filters for the finishing market for nearly 50 years. Their offerings have expanded to become a one-stop shop for finishing operations and industrial filtration and maintenance needs. Along with an expansive line of fiberglass filters, we also carry air intake paint booth filters, cartridges for powder coating booths and dust collectors, removable spray booth coatings, flame retardant paint booth floor paper and paint booth maintenance accessories. Chemco Manufacturing was founded in 1964 and is based in Northbrook, Illinois.

Buy -

Seller(S) 2

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 8 of 47
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 4 of 24
State (Illinois) 2 of 6
Country (United States) 8 of 47
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Perimeter Technology Center

Oklahoma City, Oklahoma, United States

Perimeter Technology Center is a provider of data center colocation and managed hosting services in the Oklahoma region, with facilities in Oklahoma City and Tulsa. Perimeter Technology Center is based in Oklahoma City, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-11 Allied 100

Bannockburn, Illinois, United States

Allied 100 is a distributor and retailer of automated external defibrillators (AEDs), AED supplies and accessories, and advanced life support monitors. The company offers a comprehensive product selection via its dynamic websites and provides expert customer support to medical professionals and other users of these life-saving devices throughout North America. Allied 100 was established in 2002 and is based in Madison, Wisconsin.

Buy -
SELLER

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.


DEAL STATS #
Overall 18 of 51
Sector (Manufacturing) 2 of 6
Type (Add-on Acquisition) 9 of 19
State (Illinois) 1 of 3
Country (United States) 18 of 51
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-06 EAB

Washington, District of Columbia, United States

EAB is a provider of best practices research, student success management software and data-enabled enrollment solutions to the not-for-profit higher education and K-12 markets. The Company’s solutions help institutions increase enrollment yield, balance financial aid with revenue generation, drive higher student retention and success, and implement industry best practices derived from benchmarking and research. EAB was formed in 1983 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-09 Archway Marketing Services

Rogers, Minnesota, United States

Archway Marketing Services is a provider of end-to-end marketing logistics and fulfillment services, specifically focusing on point-of-sale and point-of-purchase materials, sales literature, product samples, gift cards, and consumer promotions. Archway Marketing Services was founded in 1952 and is based in Rogers, Minnesota.

Buy $300M