M&A Deal Summary

Fulham Acquires Alkota Cleaning Systems

On May 5, 2015, private equity firm Fulham acquired machinery company Alkota Cleaning Systems from Bradford Equities Management

Acquisition Highlights
  • This is Fulham’s 3rd transaction in the Machinery sector.
  • This is Fulham’s 8th transaction in the United States.
  • This is Fulham’s 1st transaction in South Dakota.

M&A Deal Summary

Date 2015-05-05
Target Alkota Cleaning Systems
Sector Machinery
Buyer(s) Fulham
Sellers(s) Bradford Equities Management
Deal Type Secondary Buyout

Target

Alkota Cleaning Systems

Alcester, South Dakota, United States
Alkota Cleaning Systems designs and manufactures pressure washers, steam cleaners, space heaters, and related products for a wide range of end markets. Alkota was founded in 1964 and is based in Alcester, South Dakota.

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Buyer(S) 1

Buyer

Fulham

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 280M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Fulham & Co. is a private investment firm that targets investments in companies in which ownership wants to reduce their investment stake. Fulham looks for businesses with strong brands or highly engineered products. Target companies typically have EBITDA of $2 to $8 million. Fulham & Co. was originally formed in 1917 and has been investing in companies since 1984. Fulham is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 8 of 11
Sector (Machinery) 3 of 3
Type (Secondary Buyout) 3 of 3
State (South Dakota) 1 of 1
Country (United States) 8 of 11
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Joyce/Dayton

Dayton, Ohio, United States

Joyce/Dayton Corp., manufactures a line of machine and ball screw jacks, actuators and accessories, which provide the lifting and positioning requirements for a wide variety of applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-16 PowerTech Generators

Leesburg, Florida, United States

PowerTech Generators is a manufacturer of customized mobile generator sets. Power Tech engineers and assembles generator components to meet individual customer needs for generators typically providing output between 10 and 50 kilowatts. End markets for Power Tech’s products include mobile communications, service trucks, emergency vehicles, and military vehicles, among others. Power Tech sells domestically and internationally both directly to vehicle manufacturers and through distributors. PowerTech Generators was founded in 1989 and is based in Leesburg, Florida.

Buy -

Seller(S) 1

SELLER

Bradford Equities Management

White Plains, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1974
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bradford Equities Management (BEM) is a private equity firm that acquires mid-sized, US based companies in partnership with management. BEM generally seeks companies with $15 to $75 million in annual revenues for platform acquisitions and a minimum of $5 million in revenues for add-on acquisitions. BEM invests across a broad range of industries and favors low-technology manufacturing businesses as well as specialty distribution companies. Prospective acquisition candidates may include privately-held corporations and divisions or subsidiaries of larger corporations. Bradford Equities Management was formed in 1974 and is based in White Plains, New York.


DEAL STATS #
Overall 11 of 12
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 6 of 6
State (South Dakota) 1 of 1
Country (United States) 11 of 12
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 PPG

Glen Mills, Pennsylvania, United States

PPG designs, manufactures, markets, and distributes high-quality plumbing products. PPG’s portfolio includes products from two proprietary brands – Wolverine Brass, and Speakman – as well as third-party products across all of the leading brands. PPG was founded in 2003 and is based in Glen Mills, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-12 United Brass Works

Randleman, North Carolina, United States

United Brass Works is a manufacturer of high-quality bronze, ductile iron, and carbon steel valves used in a variety of applications. United Brass Works was founded in 1910 ad is based in Randleman, North Carolina.

Buy -