M&A Deal Summary

J.F. Lehman & Company Acquires ENTACT

On December 15, 2020, private equity firm J.F. Lehman & Company acquired environmental company ENTACT from Pritzker Private Capital

Acquisition Highlights
  • This is J.F. Lehman & Company’s 3rd transaction in the Environmental sector.
  • This is J.F. Lehman & Company’s 35th transaction in the United States.
  • This is J.F. Lehman & Company’s 1st transaction in Illinois.

M&A Deal Summary
Date 2020-12-15
Target ENTACT
Sector Environmental
Buyer(s) J.F. Lehman & Company
Sellers(s) Pritzker Private Capital
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey
Robert W. Baird & Co., Inc. (Financial)
Kirkland & Ellis (Legal)

Target

ENTACT

Westmont, Illinois, United States
ENTACT is a provider of environmental field remediation services to customers throughout the United States and in select international locations. ENTACT was founded in 1991 and is based in Westmons, Illinois.

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Buyer(S) 1

Buyer

J.F. Lehman & Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

JF Lehman is a specialist private equity firm that targets investments in the defense, aerospace and maritime industries. JF Lehman looks for lower middle-market company opportunities with established products but that not may not be realizing their full potential. The Firm will only consider control based investment situations. J.F. Lehman was formed in 1992 and has offices in New York, London, and Washington DC.

DEAL STATS #
Overall 39 of 45
Sector (Environmental) 3 of 4
Type (Secondary Buyout) 3 of 4
State (Illinois) 1 of 2
Country (United States) 35 of 41
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 CodeMettle

Atlanta, Georgia, United States

CodeMettle provides custom software development and proprietary software solutions for the management of critical communication networks. The Company’s scalable data management software suite and related services are utilized by a variety of defense, government, and commercial customers to assemble a common operating picture across both strategic and tactical network domains. CodeMettle was founded in 2009 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 CTS Engines

Fort Lauderdale, Florida, United States

CTS Engines provides a full spectrum of maintenance, repair, and overhaul (“MRO”) services for established engine platforms, specializing in the overhaul of the General Electric CF6-80C2, CF6-80A and CF6-50 engines, as well as the Pratt & Whitney PW2000. CTS also performs developmental testing on next-generation aerospace engines utilizing the highest thrust independent commercial test facility in the world. CTS Engines was founded in 2002 and is based in Fort Lauderdale, Florida.

Buy -

Seller(S) 1

SELLER

Pritzker Private Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Family Office
Founded 1996
Size Large
Type Sector Agnostic
DESCRIPTION

Pritzker Private Capital is a family office and private investment firm focused on leveraged buyouts, acquisitions, and recapitalizations of profitable, middle-market, North American companies across a broad range sectors. Specific industries of interest include consumer products and services, industrial products and services, distribution, telecommunications, IT, healthcare, and business services. Target enterprise values are generally between $200 million and $1.5 billion. Pritzker Private Capital was formed in 1996 and is based in Chicago, Illinois.

DEAL STATS #
Overall 9 of 12
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 4 of 7
State (Illinois) 2 of 2
Country (United States) 9 of 12
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 Highline Warren

Memphis, Tennessee, United States

Highline Warren is a national distributor of automotive products, with 15 distribution centers and eight state-of-the-art manufacturing facilities serving multiple channels across the aftermarket industry. Highline Warren was founded in 2016 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Aurorium

Indianapolis, Indiana, United States

Aurorium is a manufacturer of high-value specialty chemicals used in the agroscience, nutrition, pharmaceutical, personal care, and performance materials markets. Aurorium producer of pyridine and picoline chemicals that function as key intermediates in the manufacturing of herbicides, insecticides, biocides, and a range of pharmaceutical and industrial products. Aurorium was founded in 1857 and is based in Indianapolis, Indiana.

Buy -
Mergr

Product

Company

Legal