M&A Deal Summary

Hef Group Acquires Abrisa Technologies

On January 4, 2021, Hef Group acquired chemicals company Abrisa Technologies from PNC Erieview Capital and Graham Partners

Acquisition Highlights
  • This is Hef Group’s 1st transaction in the Chemicals sector.
  • This is Hef Group’s 1st transaction in the United States.
  • This is Hef Group’s 1st transaction in California.

M&A Deal Summary
Date 2021-01-04
Target Abrisa Technologies
Sector Chemicals
Buyer(s) Hef Group
Sellers(s) PNC Erieview Capital
Graham Partners
Deal Type Add-on Acquisition

Target

Abrisa Technologies

Santa Paula, California, United States
Abrisa Technologies is a specialist in optical thin film coatings and fabricated technical glass solutions for photonics and more. Abrisa Technologies was founded in 1980 and is based in Santa Paula, California.

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Buyer(S) 1

Buyer

Hef Group

Andrezieux-Boutheon, France
Category Company
Founded 1953
Sector Chemicals
DESCRIPTION

Hef Group specialized in surface treatments and coatings for wear, friction, and corrosion reduction of industrial mechanical components. Hef Group was founded in 1953 and is based in Andrezieux-Boutheon, France

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 2

SELLER

PNC Erieview Capital

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1979
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.

DEAL STATS #
Overall 5 of 14
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (California) 1 of 1
Country (United States) 5 of 14
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Real Avid

Plymouth, Minnesota, United States

Real Avid designs, develops and supplies innovative accessories for the outdoor enthusiast. With a focus on the do-it-yourself (“DIY”) segment of the shooting accessories industry, Real Avid has built a reputation for premium, high-quality cleaning and tool accessories built with the end consumer in mind. Real Avid was founded in 2008 and is based in Plymouth, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 CJ Pony Parts

Harrisburg, Pennsylvania, United States

CJ Pony Parts is an e-commerce platform that sells restoration and performance parts to auto enthusiasts around the world. The Company is the number one player in the Classic Mustang aftermarket, with a broad product assortment of over 65K SKUs. In addition, CJ Pony Parts has developed an industry-leading library of online educational content for its customers. CJ Pony Parts was founded in 1985 and is based in Harrisburg, Pennsylvania.

Buy -
SELLER

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.

DEAL STATS #
Overall 29 of 37
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 9 of 14
State (California) 4 of 6
Country (United States) 27 of 34
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Velosity

Forest Lake, Minnesota, United States

Velosity is an outsourced manufacturer specializing in clean room injection molding, precision machining, and assembly capabilities primarily serving the medical device industry. Velosity is based in Forest Lake, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 Myers EPS

Bethlehem, Pennsylvania, United States

Myers EPS is a designer and manufacturer of backup power solutions for emergency lighting and uninterrupted power supply systems for the cable, traffic, and rail end markets. Myers EPS products include centralized and mini inverters, which supply power to critical end markets during an outage. Myers EPS is based in Bethlehem, Pennsylvania.

Sell -
Mergr

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