M&A Deal Summary

Hyde Park Holdings Acquires Essex Crane Rental

On October 31, 2008, private equity firm Hyde Park Holdings acquired retailer Essex Crane Rental from Kirtland Capital Partners for 210M USD

Acquisition Highlights
  • This is Hyde Park Holdings’ 1st transaction in the Retail sector.
  • This is Hyde Park Holdings’ largest (disclosed) transaction.
  • This is Hyde Park Holdings’ 2nd transaction in the United States.
  • This is Hyde Park Holdings’ 1st transaction in Illinois.

M&A Deal Summary

Date 2008-10-31
Target Essex Crane Rental
Sector Retail
Buyer(s) Hyde Park Holdings
Sellers(s) Kirtland Capital Partners
Deal Type Secondary Buyout
Deal Value 210M USD

Target

Essex Crane Rental

Buffalo Grove, Illinois, United States
Essex Crane Rental Corp is a provider of lattice-boom crawler cranes and attachments. With over 350 cranes and attachments in its fleet, Essex supplies cranes for construction projects related to power generation, petro-chemical, refineries, water treatment & purification, bridges, highways, hospitals, shipbuilding, and commercial construction.

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Buyer(S) 1

DESCRIPTION

Hyde Park Holdings is a middle-market investment firm primarily focused logistics and infrastructure opportunities. The Firm looks to be a long-term investment partner and works closely with management on strategy, operations, and financial management. Hyde Park Holdings was formed in 1987 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 4
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 4
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Derby

Louisville, Kansas, United States

Derby provides sub-assembly, warehousing, and logistics services for customers across a range of industries. Derby operates eight facilities in the following states: Kentucky, Tennessee, Pennsylvania, Illinois, Indiana, and Georgia. Derby’s customer base includes several blue-chip companies, including significant appliance companies and consumer products companies. Derby is based in Louisville, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-26 NEPW Logistics

Portland, Maine, United States

NEPW Logistics provides transportation, warehousing, inventory management, and other value-added services primarily for customers in the pulp and paper industry in New England. NEPW Logistics is based in Portland, Maine.

Buy -

Seller(S) 1

SELLER

Kirtland Capital Partners

Beachwood, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kirtland Capital Partners (KCP) is a private equity firm focused on acquiring mature businesses operating in the US or Canada. KCP looks to be the lead investor in control positions in companies with significant barriers to entry, stable cash flows, and a strong market position. Sectors of interest include niche manufacturing, distribution, and business-to-business service companies. Kirtland was formed in 1977 and is based in Beachwood, Ohio.


DEAL STATS #
Overall 15 of 22
Sector (Retail) 1 of 1
Type (Secondary Buyout) 4 of 5
State (Illinois) 1 of 2
Country (United States) 15 of 22
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-18 International Graphics

South Plainfield, New Jersey, United States

International Graphics, Inc. ("IGI") manufactures specialty, pressure-sensitive materials and extruded films used in the graphic arts and other niche markets. IGI markets products in four categories, principally under its R Tape brand: paper and film-based application tapes and pre-masks, digitally and screen-printable vinyl films, over-lamination films and non-pressure-sensitive custom extruded films.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-09 Precision Dialogue

Chicago, Illinois, United States

Precision Dialogue, Inc. is an analytics-driven direct marketing firm. The company improves ROI through the development of customer insights and implementation of personalized, multi-channel communications. Precision Dialogue was founded in 2011 and is based in Chicago, Illinois.

Buy -