M&A Deal Summary

Glencoe Capital Acquires Dixie Chemical

On July 31, 2006, private equity firm Glencoe Capital acquired chemicals company Dixie Chemical

Acquisition Highlights
  • This is Glencoe Capital’s 1st transaction in the Chemicals sector.
  • This is Glencoe Capital’s 12th transaction in the United States.
  • This is Glencoe Capital’s 2nd transaction in Texas.

M&A Deal Summary
Date 2006-07-31
Target Dixie Chemical
Sector Chemicals
Buyer(s) Glencoe Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Dixie Chemical

Pasadena, Texas, United States
Dixie Chemical is a manufacturer of high-purity chemicals, complex compounds, and chemical intermediates for paper manufacturing, building and construction, packaging, consumer electronics, industrial coatings, and pharmaceutical manufacturing. Dixie Chemical has manufacturing operations in the Bayport Industrial Area, outside of Houston, TX. Dixie Chemical was founded in 1946 and is based in Pasadena, Texas.

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Buyer(S) 1

Buyer

Glencoe Capital

Manchester, New Hampshire, United States

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 14 of 28
Sector (Chemicals) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 14
State (Texas) 2 of 3
Country (United States) 12 of 25
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-29 Childcare Network

Columbus, Georgia, United States

Childcare Network is a profit preschool education and early care provider in North America, focusing on three primary educational segments including preschool readiness, childcare, and after-school programs. Childcare Network serve approximately 14,000 children at ages ranging from six weeks to twelve years. Childcare Network was founded in 1988 and is based in Columbus, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-29 SDI

Bristol, Pennsylvania, United States

SDI is a provider of MRO (maintenance, repair, and operations) integrated supply chain management services in North America. SDI helps customers optimize business performance by providing technology and supply chain solutions to increase productivity and reduce costs. SDI was established in 1968 and is based in Bristol, Pennsylvania.

Buy -
Mergr

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