M&A Deal Summary

Glencoe Capital Acquires Bell and Howell

On September 1, 2001, private equity firm Glencoe Capital acquired business services company Bell and Howell from ProQuest

Acquisition Highlights
  • This is Glencoe Capital’s 1st transaction in the Business Services sector.
  • This is Glencoe Capital’s 7th transaction in the United States.
  • This is Glencoe Capital’s 1st transaction in North Carolina.
Investment Fate
  • Bell and Howell merged with another company in 2003.
  • Bell and Howell went bankrupt in 2011.
  • Bell and Howell was sold to a consortium of financial buyers in 2011.
  • Bell and Howell was recapitalized in 2018.

M&A Deal Summary

Date 2001-09-01
Target Bell and Howell
Sector Business Services
Buyer(s) Glencoe Capital
Sellers(s) ProQuest
Deal Type Divestiture

Target

Bell and Howell

Durham, North Carolina, United States
Bell and Howell is a provider of outsourced maintenance services and solutions for highly complex automation equipment across a variety of end markets, including retail, e-commerce, digital print, logistics, robotics, and production mail. Utilizing over 800 highly skilled service engineers, the Company offers customized service plans, innovative technologies, and a robust support infrastructure that enable the technology and automation initiatives of enterprises and original equipment manufacturers across industries. Bell and Howell was founded in 1907 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

Glencoe Capital

Manchester, New Hampshire, United States

Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Glencoe Capital is a private equity firm that invests in leveraged buyouts and recapitalizations of middle-market companies. Glencoe consists of Glencoe Capital Partners Funds which seeks North American businesses valued between $25 million and $125 million, and the Michigan Opportunities Fund which looks to invest in recapitalizations, buyouts, and growth equity transactions in Michigan. Sectors of interest include business and media services, financial services, food and consumer products, and industrials. Glencoe prefers platform companies to have at least $30 million of sales and EBITDA of at least $3 million. Glencoe Capital was formed in 1994 and is a unit of Leoville Holdings, an alternative investment manager. Glencoe Capital is based in Chicago with an additional office in Birmingham, Michigan.


DEAL STATS #
Overall 8 of 28
Sector: Business Services M&A 1 of 4
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 7 of 25
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-27 Golden Bear Oil Specialties

Los Angeles, California, United States

Golden Bear Oil Specialties engages in production of high quality naphthenic lubricating and process oils, road rejuvenating agents, asphalt and specialty petroleum based chemicals. The Company produces over 300 naphthenic oil formations and 70 specialty road and surface treatment products. Naphthenic oil production includes lube base stocks, process oils, ink oils, mosquito larvicide retardant, cotton picker oils, refrigeration feedstock oils, and grease making compounds.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-14 Bell and Howell

Durham, North Carolina, United States

Bell and Howell is a provider of outsourced maintenance services and solutions for highly complex automation equipment across a variety of end markets, including retail, e-commerce, digital print, logistics, robotics, and production mail. Utilizing over 800 highly skilled service engineers, the Company offers customized service plans, innovative technologies, and a robust support infrastructure that enable the technology and automation initiatives of enterprises and original equipment manufacturers across industries. Bell and Howell was founded in 1907 and is based in Durham, North Carolina.

Sell -

Seller(S) 1

SELLER

ProQuest

Ann Arbor, Michigan, United States

Category Company
Founded 1938
Sector Information Services
DESCRIPTION
ProQuest's corporate headquarters in Ann Arbor, Michigan.
ProQuest's corporate headquarters in Ann Arbor, Michigan.

ProQuest is an information content and services company. ProQuest technologies serve users across the critical points in research, helping them discover, access, share, create and manage information. ProQuest was formed in 1938 and is based in Ann Arbor, Michigan.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-16 Heritage Quest

North Salt Lake, Utah, United States

Heritage Quest is a purveyor of genealogical data, products, supplies, and equipment to consumers and institutions. The Company has been known for its high-use data, landmark publications, general-reference books, and informative periodicals for genealogy enthusiasts. Heritage Quest was formed in 1983 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Copley Publishing Group

Acton, Massachusetts, United States

Copley Publishing Group, Inc. is a publisher of customized textbook for academic courses.

Buy -