M&A Deal Summary

Halifax Group Acquires United States Environmental Services

On June 10, 2014, private equity firm Halifax Group acquired environmental company United States Environmental Services from Florida Capital Partners and Westshore Capital Partners

Acquisition Highlights
  • This is Halifax Group’s 2nd transaction in the Environmental sector.
  • This is Halifax Group’s 20th transaction in the United States.
  • This is Halifax Group’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2014-06-10
Target United States Environmental Services
Sector Environmental
Buyer(s) Halifax Group
Sellers(s) Florida Capital Partners
Westshore Capital Partners
Deal Type Secondary Buyout

Target

United States Environmental Services

New Orleans, Louisiana, United States
United States Environmental Services LLC is an oil and hazardous material emergency spill response, tank and pipeline cleaning, utility sector support, demolition, NORM cleaning, site remediation and restoration, hydroblasting, and in-plant maintenance services to customers in the petrochemical, industrial, oil, and transportation industries.

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Buyer(S) 1

Buyer

Halifax Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $8 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.


DEAL STATS #
Overall 23 of 45
Sector: Environmental M&A 2 of 2
Type: Secondary Buyout M&A Deals 6 of 16
State: Louisiana M&A 1 of 1
Country: United States M&A 20 of 41
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 Aptiv Solutions

Reston, Virginia, United States

Aptiv Solutions is a clinical research organization founded by members of the PRA International management team. Aptiv specializes in adaptive clinical trials focusing on oncology, cardiovascular, dermatology, gastro-intestinal and respiratory diseases.

Sell $144M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 Pirtek UK

London, United Kingdom

Pirtek UK is a provider of fluid transfer solutions and on-site repairs. Specializing in hydraulic hoses, pipe fittings & couplings. Pirtek offers a comprehensive range of fluid transfer solutions, products & services to industries including Agriculture; Automotive; Construction & Plant Hire; Defence; Environmental; Services; Manufacturing; Marine & Offshore; Material Handling; Mining & Quarrying; Transport & Logistics; Utilities. Pirtek UK was founded in 1988 and is based in London, United Kingdom.

Buy -

Seller(S) 2

SELLER

Florida Capital Partners

Tampa, Florida, United States

Category Private Equity Firm
Founded 1988
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Florida Capital Partners (FCP) is a private equity firm focused on acquisitions or recapitalizations of profitable private companies located in the continental US. FCP targets businesses with Enterprise value between $20 to $100 million with an EBITDA of $5 to $20 million. FCP prefers companies operating in traditional industries such as niche manufacturering, specialty services, and value-added distribution. FCP avoids investing in commodity products, start-ups, restaurants/hospitality, amusement parks, technology, biotech, retail, and real estate. FCP was formed in 1988 and is based in Tampa, Florida.


DEAL STATS #
Overall 18 of 21
Sector: Environmental M&A 2 of 2
Type: Secondary Buyout M&A Deals 8 of 10
State: Louisiana M&A 1 of 1
Country: United States M&A 18 of 21
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Precision Aviation Group

Atlanta, Georgia, United States

Precision Aviation Group is a provider of products and value-added services to the worldwide aerospace and defense industry. With nine locations and more than 260,000-square-feet of sales and service facilities in the United States, Canada, Australia, Brazil, and Singapore, PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain, and its Inventory Supported Maintenance, Repair and Overhaul services. Precision Aviation Group was founded in 1993 and is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-13 Bell O International

Morganville, New Jersey, United States

Bell’O International is a global designer and manufacturer of premium consumer electronics accessories, mounts and furniture. Company offers hundreds of highly regarded products including: Bell’O audio/video furniture, home theater seating, computer desks and beds, as well as Bell’O Digital consumer electronics accessories including: flat panel TV mounts.

Sell -
SELLER

Westshore Capital Partners

Tampa, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Westshore Capital Partners is a private equity firm that targets investments in basic industry companies. Westshore looks to invest in companies with $8 to $100 million in revenue. Target sectors include industrial, consumer, food, medical, plastics, business-to-business, publishing, consumables, education, automotive aftermarket, hobby/craft, and maintenance/repair services. Prospective investment situations include recapitalizations, family succession recapitalizations, management buyouts, management buy-ins, and industry consolidations. Westshore Capital was formed in 2006 and is based in Tampa, Florida.


DEAL STATS #
Overall 6 of 6
Sector: Environmental M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
State: Louisiana M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 United Rotary Brush

Lenexa, Kansas, United States

United Rotary Brush is a manufacturer of brushes for street, road, and airport maintenance as well as a provider in manufacturing engineered brushes for process industries. United Rotary Brush was founded in 1990 and is based in Lenexa, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-01 Interwest Safety Supply

Provo, Utah, United States

Interwest Safety Supply manufactures highway construction and roadway signs and distributes a wide variety of traffic safety supplies and equipment used to signal, protect, delineate, notify, and guide pedestrians and vehicles safely through work zones. Interwest is a distributor of traffic safety supplies, as well as the largest manufacturer of roadway signage in the Rocky Mountain region. The company operates from five distribution facilities and two manufacturing facilities located in Utah, Colorado, New Mexico, Arizona, and Nevada. Interwest Safety Supply was founded in 1977 and is headquartered in Provo, Utah.

Buy -