M&A Deal Summary

J.F. Lehman & Company Acquires NorthStar Group

On June 13, 2017, private equity firm J.F. Lehman & Company acquired business services company NorthStar Group from Evergreen Pacific Partners

Acquisition Highlights
  • This is J.F. Lehman & Company’s 1st transaction in the Business Services sector.
  • This is J.F. Lehman & Company’s 28th transaction in the United States.
  • This is J.F. Lehman & Company’s 2nd transaction in New York.

M&A Deal Summary

Date 2017-06-13
Target NorthStar Group
Sector Business Services
Buyer(s) J.F. Lehman & Company
Sellers(s) Evergreen Pacific Partners
Deal Type Recapitalization
Advisor(s) Houlihan Lokey (Financial)
Faegre Baker Daniels LLP (Legal)

Target

NorthStar Group

New York, New York, United States
NorthStar Group provides specialized environmental and technical services to government and commercial facility owners in need of operational, decommissioning, and remediation services. NorthStar Group Services was founded in 1979 and is based in New York.

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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 30 of 45
Sector (Business Services) 1 of 1
Type (Recapitalization) 3 of 3
State (New York) 2 of 4
Country (United States) 28 of 41
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 BEI Precision

Maumelle, Arkansas, United States

BEI Precision engages in positioning sensor technologies, providing advanced design, manufacturing, and testing for reliable and resilient products and systems. BEI Precision's core product lines, which are used primarily in mission-critical defense and space applications, include optical encoder-based positioning systems, scanners for situational awareness requirements, and precision accelerometers. BEI Precision is based in Maumelle, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 Aish Technologies

Poole, United Kingdom

Aish Technologies Ltd. is a provider of proprietary situational awareness and LED lighting systems for naval vessels, military and commercial aircraft and military ground vehicles. AGI's core product lines include naval visual landing systems, wind and speed sensor systems for naval and aviation applications, naval filtration equipment, expeditionary airfield lighting, aircraft and ground vehicle lights, night vision test equipment and military aerospace sub-system repair and overhaul solutions.

Buy -

Seller(S) 1

SELLER

Evergreen Pacific Partners

Seattle, Washington, United States

Category Private Equity Firm
Founded 2004
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Evergreen Pacific Partners is a private equity firm that invests in private, middle-market companies in Western North America. Evergreen focuses on buyouts and growth equity investments in companies generating sales of at least $50 million and where the firm can commit at least $15 million of capital. Sectors of interest include manufacturing/distribution, specialty packaging, consumer products and cable television/radio. Evergreen Pacific was formed in 2004 and is based in Seattle, Washington.


DEAL STATS #
Overall 11 of 15
Sector (Business Services) 4 of 4
Type (Recapitalization) 1 of 1
State (New York) 1 of 1
Country (United States) 11 of 15
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-08 SafeWorks

Seattle, Washington, United States

SafeWorks LLC is a manufacturer and distributor of powered suspended access and safety solutions for a wide variety of energy, infrastructure, construction and restoration industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Haney Transportation and Logistics

Yakima, Washington, United States

Haney Transportation and Logistics is a provider of truckload transportation in the Pacific Northwest, California and Canada. The company provides common and contract carriage, dedicated resources, and single source transportation programs utilizing 53-foot dry vans, 64-foot double vans, flatbeds and refrigerated vans.

Sell -