M&A Deal Summary

Graham Holdings Acquires Hoover

On April 3, 2017, Graham Holdings acquired forest products company Hoover from Berggruen Holdings

Acquisition Highlights
  • This is Graham Holdings’ 1st transaction in the Forest Products sector.
  • This is Graham Holdings’ 9th transaction in the United States.
  • This is Graham Holdings’ 1st transaction in Georgia.

M&A Deal Summary
Date 2017-04-03
Target Hoover
Sector Forest Products
Buyer(s) Graham Holdings
Sellers(s) Berggruen Holdings
Deal Type Add-on Acquisition

Target

Hoover

Thomson, Georgia, United States
Hoover is a producer of fire-retardant treated wood in the world. In addition to its fire-retardant range, Hoover is a full-line treating company with the industry's most effective products and support. Hoover's fire retardant formulations are licensed to a select group of licensee treating plants in North America and the United Kingdom. Hoover was founded in 1955 and is based in Thomson, Georgia.

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Buyer(S) 1

Buyer

Graham Holdings

Arlington, Virginia, United States
Category Company
Founded 1877
Sector Diversified
Employees14,110
Revenue 4.4B USD (2023)
DESCRIPTION

Graham Holdings is a diversified education and media company whose principal operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and custom manufacturing. The Company owns Kaplan, a leading global provider of educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign Policy. The Company also owns Trove, a social news aggregator; SocialCode, a leading social marketing solutions company; Celtic Healthcare and Residential Healthcare Group, home health and hospice providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear actuators and lifting systems; and Forney Corporation, a manufacturer of burners, igniters, dampers and controls for combustion processes in electric utility and industrial applications. Graham Holdings was founded in 1877 and is based in Arlington, Virginia.

DEAL STATS #
Overall 9 of 15
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 6 of 9
State (Georgia) 1 of 1
Country (United States) 9 of 15
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-13 Group Dekko Holdings

Garrett, Indiana, United States

Group Dekko is a provider of highly engineered electrical, wire, plastic and metal subcomponents, finished products, fixtures and related assemblies for the office furniture, transportation, lighting, appliance, medical device and consumer product end markets. Utilizing over 190 active, pending, and provisional patents, Group Gekko has a broad range of manufacturing and assembly capabilities, including metal forming, stamping, powder coating, plastic molding and extrusion, product assembly, and built to order, highly customized products. The company is headquartered in Kendallville, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Ourisman Honda of Tysons Corner

Vienna, Virginia, United States

Ourisman Honda of Tysons Corner provides service, quality, and everything in between to Honda Drivers from Vienna.

Buy -

Seller(S) 1

SELLER

Berggruen Holdings

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Berggruen Holdings, Inc. is a private holding company that seeks investments in private equity, real estate, alternative energy, stocks and bonds, hedge funds, and other private equity funds. Berggruen's direct private equity group targets investments in mid-market, cash-flow positive businesses operating in a wide variety of industries. The Firm can invest up to $200 million per transaction and will consider opportunities in the US, Europe, Asia, and other emerging markets. Berggruen Holdings looks to partner with management teams when pursuing opportunities. Berggruen Holdings, Inc. was established in 1986 and has offices in New York, Los Angeles, London, Berlin, Tel Aviv, Mumbai, and Istanbul.

DEAL STATS #
Overall 5 of 7
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Georgia) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Equipwell

Navi Mumbai, India

Equipwell is a distributer of MHE, Access and Construction Equipment. Equipwell was founded in 2010 and is based in Navi Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 LeYa

Lisbon, Portugal

LeYa is an editorial group that includes some of the most prestigious Portuguese-language publishers in Portugal, Angola, and Mozambique. It is also present in Brazil where it operates in the distance learning/e-learning sector. LeYa was formed in 2008 and is based in Lisbon, Portugal.

Sell -
Mergr

Product

Company

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