M&A Deal Summary

Frontier Tubular Solutions Acquires Applied Plastics

On August 9, 2021, Frontier Tubular Solutions acquired chemicals company Applied Plastics from Vance Street Capital

Acquisition Highlights
  • This is Frontier Tubular Solutions’ 1st transaction in the Chemicals sector.
  • This is Frontier Tubular Solutions’ 1st transaction in the United States.
  • This is Frontier Tubular Solutions’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-08-09
Target Applied Plastics
Sector Chemicals
Buyer(s) Frontier Tubular Solutions
Sellers(s) Vance Street Capital
Deal Type Add-on Acquisition

Target

Applied Plastics

Norwood, Massachusetts, United States
Applied Plastics is an advanced coatings provider to the medical end markets. Applied provides specialty PTFE coatings on wires and other metal-based components for the medical device industry, with a primary emphasis on the advanced catheter market. Applied Plastics was founded in 1953 and is based in Norwood, Massachusetts.

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Buyer(S) 1

Buyer

Frontier Tubular Solutions

Houston, Texas, United States

Category Company
Founded 1920
Sector Diversified
DESCRIPTION

Frontier Tubular Solutions is a full-service tubular goods provider and offers non-destructive testing and inspection services, threading and bucking services, pipe maintenance, and repair services, as well as logistics management services to the oil and gas industry throughout Oklahoma. Frontier Tubular Solutions was founded in 1920 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 Lincoln Manufacturing

Magnolia, Texas, United States

Lincoln Manufacturing provides total turnkey solutions for full-length pipe threading, couplings fabrication, and downhole accessories. Lincoln operates facilities in Magnolia, Tomball, and Houston, Texas, and Strasburg, Ohio. Lincoln Manufacturing is based in Magnolia, Texas.

Buy -

Seller(S) 1

SELLER

Vance Street Capital

Pacific Palisades, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Vance Street Capital is a private equity firm focused on acquiring mid-market, profitable businesses in the aerospace, defense, industrial, and medical technology sectors. Vance Street looks for companies valued from $30 to $350 million with sustainable competitive advantages and proven management. Prospective transaction situations include recapitalizations, management buyouts, corporate divestitures, industry consolidations, and growth capital financings. Vance Street Capital was formed in 2007 and is based in Los Angeles, California.


DEAL STATS #
Overall 8 of 11
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Massachusetts) 1 of 1
Country (United States) 8 of 8
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 Spectra

Alpharetta, Georgia, United States

Spectra is a diversified designer and manufacturer of highly engineered avionics and electronics solutions primarily for the aerospace and defense technology market. Spectra offers its customers a differentiated portfolio of proprietary products that span the entire data capture lifecycle of recording, processing, routing, and ultimately displaying mission-critical data. Spectra was formed in 2021 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 McFarlane

Baldwin City, Kansas, United States

McFarlane designs, manufactures and distributes more than 30,000 consumable parts in the United States and internationally for the general aviation market, specifically light single-engine and turboprop aircraft. McFarlane's proprietary portfolio of PMA parts consists of approximately 3,000 parts used across Cessna, Piper, Grumman, Beechcraft, and Ag-Cat airplanes. McFarlane was formed in 1970 and is based in Baldwin City, Kansas.

Buy -