M&A Deal Summary

First Reserve Acquires Lamons

On November 4, 2019, private equity firm First Reserve acquired manufacturer Lamons from TriMas for 135M USD

Acquisition Highlights
  • This is First Reserve’s 3rd transaction in the Manufacturing sector.
  • This is First Reserve’s 11th largest (disclosed) transaction.
  • This is First Reserve’s 70th transaction in the United States.
  • This is First Reserve’s 38th transaction in Texas.

M&A Deal Summary

Date 2019-11-04
Target Lamons
Sector Manufacturing
Buyer(s) First Reserve
Sellers(s) TriMas
Deal Type Divestiture
Deal Value 135M USD

Target

Lamons

Houston, Texas, United States
Lamons designs, manufactures and distributes industrial sealing and fastener products, for the petrochemical, petroleum refining, oil field, and other industrial markets. Lamons provides industrial sealing fastener products to both maintenance repair operations and industrial original equipment manufacturers. Lamons was founded in 1947 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

First Reserve

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 32.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 106 of 109
Sector (Manufacturing) 3 of 3
Type (Divestiture) 9 of 9
State (Texas) 38 of 38
Country (United States) 70 of 73
Year (2019) 5 of 5
Size (of disclosed) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 IRISNDT Inspection & Engineering Services

Edmonton, Alberta, Canada

IRISNDT Inspection & Engineering Services provides advanced and general non-destructive testing (NDT), inspection, engineering, heat treatment, rope access, and specialized software solutions to the refining, petrochemical, chemical, power generation, pipeline, and industrial markets. IRISNDT Inspection & Engineering Services was founded in 1953 and is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-08 Arsenal Resources

Wexford, Pennsylvania, United States

Arsenal Resources is a natural gas operator headquartered in Pittsburgh, Pennsylvania that is engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids. Arsenal Resources was founded in 2010 and is based in Wexford, Pennsylvania.

Sell -

Seller(S) 1

SELLER

TriMas

Bloomfield Hills, Michigan, United States

Category Company
Founded 1986
Sector Diversified
Employees3,400
Revenue 893M USD (2023)
DESCRIPTION

TriMas is a diversified designer, manufacturer and distributor of engineered and applied products that serve a variety of industrial, commercial and consumer end markets worldwide. TriMas was founded in 1986 and is based in Bloomfield Hills, Michigan.


DEAL STATS #
Overall 7 of 7
Sector (Manufacturing) 2 of 2
Type (Divestiture) 6 of 6
State (Texas) 1 of 1
Country (United States) 7 of 7
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Taplast

Povolaro, Italy

Taplast S.p.A. is a designer and manufacturer of dispensers, closures, and containers for the beauty and personal care, household and food packaging end markets, serving customers predominantly in Europe and the Americas. Taplast S.p.A. was founded in 1974 and is based in Povolaro, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 RSA Engineered Products

Simi Valley, California, United States

RSA Engineered Products LLC designs and manufactures a broad array of highly-engineered airflow control systems for use in commercial and military aircraft. RSA Engineered Products LLC’s primary products include ducting, anti-icing and ozone products. The majority of RSA’s sales are comprised of proprietary part numbers exclusive to the Company. RSA sells to a broad customer base that spans a high number of both legacy and new aircraft platforms.

Buy -