M&A Deal Summary

Ironwood Partners Acquires Tidewater Equipment

On December 19, 2013, private equity firm Ironwood Partners acquired distribution company Tidewater Equipment from Linx Partners

Acquisition Highlights
  • This is Ironwood Partners’ 2nd transaction in the Distribution sector.
  • This is Ironwood Partners’ 7th transaction in the United States.
  • This is Ironwood Partners’ 1st transaction in Georgia.
Investment Fate
  • Tidewater Equipment was recapitalized in 2018.

M&A Deal Summary

Date 2013-12-19
Target Tidewater Equipment
Sector Distribution
Buyer(s) Ironwood Partners
Sellers(s) Linx Partners
Deal Type Secondary Buyout

Target

Tidewater Equipment

Brunswick, Georgia, United States
Tidewater Equipment is a full-service distributor of logging equipment, parts, and service to the timber harvesting segment of the forestry industry. Tidewater Equipment was founded in 1947 and is based in Brunswick, Georgia.

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Buyer(S) 1

DESCRIPTION

Ironwood Partners is a private equity firm focused on manufacturing and distribution company investments in middle-market companies valued less then $100 million. Ironwood pursues companies that can benefit from an operational focus on 'lean business systems'. The Firm also has a preference for companies operating in fragmented industries, with diversified customer bases, and proprietary products/services. Ironwood Partners is based in New York City.


DEAL STATS #
Overall 8 of 8
Sector: Distribution M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Enflo

Bristol, Connecticut, United States

Enflo is an expert manufacturer of PTFE molded cylinders and sheets, skived sheets, tape, and extruded rods and tubing – in a variety of standard and custom sizes. The company’s PTFE products are used in a variety of settings including semiconductors, aerospace & defense, bridge construction, life science, and marine as well as numerous valve, gasket, and pump applications. Enflo was founded in 1954 and is based in Bristol, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 Simonds International

Springfield, Oregon, United States

Simonds International is a developer and manufacturer of industrial cutting tools for metal, wood, and paper. Simonds International was founded in 1832 and is based in Springfield, Oregon.

Sell -

Seller(S) 1

SELLER

Linx Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 221M USD
Size Small
Type Sector Agnostic
DESCRIPTION

LINX Partners is a private equity firm focused on investments in light industrial manufacturing, industrial services, and specialty distribution companies. The Firm generally partners with family owners, entrepreneurs, and management to acquire and grow companies. Target businesses typically have revenues between $20 and $100 million and have 'a high service, branding component' with low capital expenditures. LINX Partners was formed in 1999 and has offices in Scarsdale, New York and Atlanta, Georgia.


DEAL STATS #
Overall 5 of 11
Sector: Distribution M&A 1 of 2
Type: Secondary Buyout M&A Deals 3 of 4
State: Georgia M&A 1 of 1
Country: United States M&A 5 of 11
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 Reconstruction Experts

Arvada, Colorado, United States

Reconstruction Experts provides specialized property services to homeowners’ associations and other property owners. Reconstruction Experts was founded in 2001 and is based in Arvada, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-14 Transpro Burgener

Fort Collins, Colorado, United States

Transpro Burgener is a provider of bulk material hauling services, specializing in energy, infrastructure and industrial transport throughout the Rocky Mountain region. Transpro Burgener is based in Fort Collins, Colorado.

Buy -