M&A Deal Summary

Flacks Group Acquires Zippel

On October 22, 2020, distressed investor Flacks Group acquired business services company Zippel from Sugino Machine

Acquisition Highlights
  • This is Flacks Group’s 1st transaction in the Business Services sector.
  • This is Flacks Group’s 2nd transaction in Germany.

M&A Deal Summary

Date 2020-10-22
Target Zippel
Sector Business Services
Buyer(s) Flacks Group
Sellers(s) Sugino Machine
Deal Type Divestiture

Target

Zippel

Neutraubling, Germany
Zippel is a provider of industrial parts cleaning. Zippel's engineers and constructors do everything to fullfill customers needs and find a solution for any concern. Its product range goes from cleaning with low pressure to cleaning with high pressure. Combining these two processes, Zippel provides qualitative cleaning options for all product areas and all industrial branches. Zippel now is a full-service solution provider for industrial parts cleaning with a global service network.

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Buyer(S) 1

DESCRIPTION

Flacks Group is a special situations focused investment group that targets operational turnarounds of medium-sized companies. Flacks has a special interest in carve-outs, spin-offs, and divestitures of a noncore/underperforming divisions from large multinational parent companies, where the process is broken or tired. Flacks Group is headquartered in Miami, Florida.


DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Pleuger Industries

Hamburg, Germany

Pleuger Industries is an international manufacturer and supplier of submersible motors, pumps, thrusters and plunger pumps. Pleuger Industries was founded in 1929 and is based in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-30 Kelly-Moore Paint

San Carlos, California, United States

Kelly-Moore Paint is a manufacturer and retailer of premium paints and coatings in the U.S. Kelly-Moore Paint was founded in 1946 and is based in San Carlos, California.

Buy -

Seller(S) 1

SELLER

Sugino Machine

Namerikawa City, Japan

Category Company
Founded 1936
Sector Machinery
Employees1,400
DESCRIPTION

Sugino Machine develops, designs, manufactures, and sells high-pressure jet cleaning equipment, ultrahigh-pressure water cutting equipment, equipment for the inspection and maintenance of nuclear power plants, wet/dry atomization equipment, drilling units, tapping units, machining centers, tube expansion tools and equipment, tube pulling equipment, roller burnishing tools, biomass nanofiber, and industrial robot.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Zippel

Neutraubling, Germany

Zippel is a provider of industrial parts cleaning. Zippel's engineers and constructors do everything to fullfill customers needs and find a solution for any concern. Its product range goes from cleaning with low pressure to cleaning with high pressure. Combining these two processes, Zippel provides qualitative cleaning options for all product areas and all industrial branches. Zippel now is a full-service solution provider for industrial parts cleaning with a global service network.

Buy -