M&A Deal Summary

Genstar Capital Acquires Clarience Technologies

On December 17, 2019, private equity firm Genstar Capital acquired automotive company Clarience Technologies from BDT Capital Partners

Acquisition Highlights
  • This is Genstar Capital’s 2nd transaction in the Automotive sector.
  • This is Genstar Capital’s 79th transaction in the United States.
  • This is Genstar Capital’s 4th transaction in New York.

M&A Deal Summary
Date 2019-12-17
Target Clarience Technologies
Sector Automotive
Buyer(s) Genstar Capital
Sellers(s) BDT Capital Partners
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc.
Barclays Investment Bank (Financial)
Jones Day (Legal)

Target

Clarience Technologies

Falconer, New York, United States
Clarience Technologies is a family of brands focused on bringing total visibility to commercial and recreational transportation. Through its data and insights, Clarience improves fleet management, streamlines supply chains and enhances safety on and off the road. And for decades, its collaborative, transparent approach has been turning customers into long-term partners. Clarience Technologies was founded in 1955 and is based in Falconer, New York.

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Buyer(S) 1

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 86 of 109
Sector (Automotive) 2 of 3
Type (Secondary Buyout) 36 of 49
State (New York) 4 of 8
Country (United States) 79 of 101
Year (2019) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Worldwide Facilities

Los Angeles, California, United States

Worldwide Facilities LLC is a national wholesale insurance broker, managing general agent, and program manager. Worldwide Facilities brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas. Worldwide Facilities was founded in 1970 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 ECM Industries

New Berlin, Wisconsin, United States

ECM Industries is a manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply, and gas utility markets. ECM Industries is based in New Berlin, Wisconsin.

Sell -

Seller(S) 1

SELLER

BDT Capital Partners

Category Merchant Bank
Founded 2009
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

BDT Capital Partners provides family-owned and entrepreneurially led companies with long-term, differentiated equity capital. BDT Capital Partners is an affiliate of merchant bank BDT & Company. The Firm is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 Rather Outdoors

Springfield, Missouri, United States

Rather Outdoors is an outdoor consumer products company with a portfolio of brands, including Lew’s, Strike King, and Hunters Specialties. Rather Outdoors supplies branded fishing and hunting gear and accessories through the mass market, sporting goods, and specialty outdoor channels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 AGP Group

Ghent, Belgium

AGP Group is a glazing manufacturer that has developed a large portfolio of products for the automotive, marine, and security markets. The company provides high-tech glazing solutions to more than 20 automotive brands that are shaping the future of mobility through electrification and autonomous driving. AGP has six manufacturing plants and two Tech Innovation Centers in Europe and South America as well as commercial offices in 20 countries.

Buy -
Mergr

Product

Company

Legal