M&A Deal Summary

Fox Three Partners Acquires Walashek Industrial & Marine

On February 26, 2016, private equity firm Fox Three Partners acquired marine company Walashek Industrial & Marine

Acquisition Highlights
  • This is Fox Three Partners’ 1st transaction in the Marine sector.
  • This is Fox Three Partners’ 2nd transaction in the United States.
  • This is Fox Three Partners’ 2nd transaction in Virginia.

M&A Deal Summary

Date 2016-02-26
Target Walashek Industrial & Marine
Sector Marine
Buyer(s) Fox Three Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Walashek Industrial & Marine

Norfolk, Virginia, United States
Walashek Industrial & Marine is a provider of mobile ship repair services including welding, piping, machinery and structural repair, marine propulsion repair and auxiliary boiler repair. Walashek Industrial & Marine was founded in 1986 and is based in Norfolk, Virginia.

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Buyer(S) 1

DESCRIPTION

Fox Three Partners is a private investment firm focused on acquiring controlling interests in established, profitable, closely held private companies from owners seeking liquidity. The Firm prefers East Coast US based opportunities and generally targets companies companies with recurring revenues and at least $7.5 million of cash flow. Sectors of interest include manufacturing, business services, healthcare, industrials, aerospace/defense, distribution/logistics, and materials handling. Fox Three Partners was established in 2014 and is based in Virginia Beach, Virginia.


DEAL STATS #
Overall 2 of 5
Sector (Marine) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Virginia) 2 of 3
Country (United States) 2 of 5
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Burlington Medical

Newport News, Virginia, United States

Burlington Medical is a manufacturer and distributor of radiation products for medical professionals as well as patient comfort products. Burlington Medical was founded in 1969 and is based in Newport News, Vermont.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 Centric Communications

Norfolk, Virginia, United States

Centric Communications is a provider of print and direct mail marketing. Centric Communications is based in Norfolk, Virginia.

Buy -