M&A Deal Summary

Groupe Solmax Acquires GSE Environmental

On December 20, 2017, Groupe Solmax acquired environmental company GSE Environmental from Littlejohn

Acquisition Highlights
  • This is Groupe Solmax’s 1st transaction in the Environmental sector.
  • This is Groupe Solmax’s 1st transaction in the United States.
  • This is Groupe Solmax’s 1st transaction in Texas.

M&A Deal Summary
Date 2017-12-20
Target GSE Environmental
Sector Environmental
Buyer(s) Groupe Solmax
Sellers(s) Littlejohn
Deal Type Add-on Acquisition

Target

GSE Environmental

Houston, Texas, United States
GSE Environmental is a designer and manufacturer of geosynthetic lining solutions used in the containment and management of solids, liquids, and gasses for organizations engaged in waste management, mining, liquid containment, aquaculture, agriculture, and other industrial activities.

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Buyer(S) 1

Buyer

Groupe Solmax

Varennes, Quebec, Canada
Category Company
Founded 1981
Sector Environmental
DESCRIPTION

Groupe Solmax is a manufacturer of geomembranes liners and offers containment solutions. Manufactured from Canada, USA, Malaysia, and Chile the company's products are sold in over 60 countries. Solmax was formed in 1981 and is based in Varennes, Quebec.

DEAL STATS #
Overall 1 of 3
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 TenCate Geosynthetics

Hengelo, Netherlands

TenCate Geosynthetics is a provider in developing solutions and systems for infrastructure in transportation, building sites, water management, natural resources, and environmental market applications, and is also active in agricultural, horticultural, recreational, and other industrial applications. The company value is delivered to the market through synthetic nonwovens, wovens, geogrids, geotextile tubes and other products, and through the knowledge and experience that support these applications. TenCate Geosynthetics is based in Hengelo, Netherlands.

Buy -

Seller(S) 1

SELLER

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 31 of 48
Sector (Environmental) 2 of 3
Type (Add-on Acquisition) 14 of 22
State (Texas) 2 of 6
Country (United States) 27 of 44
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-02 SunSource

Addison, Illinois, United States

SunSource is a value-added distributor of fluid power and motion control technologies in North America. As a technically-focused distributor, SunSource serves as an extension of its customers' design and engineering teams and its suppliers' sales forces, delivering innovative solutions that lower total costs and streamline supply chains. The Company operates through four highly focused strategic business units that provide tailored solutions for the unique needs of its Industrial, Mobile, Service & Repair and Process Solutions customers. SunSource was founded in 2001 and is based in Addison, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Benevis

Marietta, Georgia, United States

Benevis provides various non-clinical services to group dental practices, including providing dental facilities, support staff, and other business services. Kool Smiles and Resolution Dental are the firm’s two major clients. Kool Smiles is a nationally-branded provider of dental care focused primarily on children enrolled in Medicaid and State Children's Health Insurance Programs. The limited access to care for children on Medicaid/SCHIP plans provides an attractive growth opportunity for Kool Smiles as it continues to expand offices with a mission to provide quality care to this underserved population. Benevis was founded in 2002 and is based in Marietta, Georgia.

Buy -
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