M&A Deal Summary

Kinderhook Industries Acquires Ironclad Environmental

On August 22, 2022, private equity firm Kinderhook Industries acquired environmental company Ironclad Environmental from WillScot Mobile Mini for 323M USD

Acquisition Highlights
  • This is Kinderhook Industries’ 11th transaction in the Environmental sector.
  • This is Kinderhook Industries’ largest (disclosed) transaction.
  • This is Kinderhook Industries’ 55th transaction in the United States.
  • This is Kinderhook Industries’ 8th transaction in Texas.

M&A Deal Summary

Date 2022-08-22
Target Ironclad Environmental
Sector Environmental
Buyer(s) Kinderhook Industries
Sellers(s) WillScot Mobile Mini
Deal Type Divestiture
Deal Value 323M USD

Target

Ironclad Environmental

Baytown, Texas, United States
Ironclad Environmental is a provider of specialty waste management solutions and temporary storage and containment equipment for hazardous and non-hazardous waste. Ironclad Environmental was formed in 1983 and is based in Baytown, Texas.

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Buyer(S) 1

Buyer

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 57 of 61
Sector (Environmental) 11 of 13
Type (Divestiture) 6 of 6
State (Texas) 8 of 8
Country (United States) 55 of 59
Year (2022) 5 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Physician Partners

Tampa, Florida, United States

Physician Partners is a value-based primary care physician group and managed service organization (“MSO”) that globally capitates with all leading national and regional Medicare Advantage (“MA”) health plans in Florida. The Company is responsible for providing value-based care to over 137,000 members through a network of over 545 physicians. Physician Partners was founded in 2006 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 VESTA Modular

Southfield, Michigan, United States

VESTA Modular is a provider of temporary and permanent modular space solutions across a diverse base of end markets and applications. VESTA Modular operates two divisions modular space leasing whereby it leases units from its owned fleet of over 6,000 units to customers across a range of end markets and modular project installation whereby it facilitates the design, construction, and installation of modular spaces.VESTA Modular was founded in 2014 and is based in Southfield, Michigan.

Sell $400M

Seller(S) 1

SELLER

WillScot Mobile Mini

Phoenix, Arizona, United States

Category Company
Sector Business Services
Employees5,000
Revenue 2.4B USD (2023)
DESCRIPTION

WillScot Mobile Mini is a specialty modular space and portable storage rental solutions across North America. The company is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. WillScot Mobile Mini is based in Phoenix, Arizona.


DEAL STATS #
Overall 1 of 2
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Elite Modular

Perris, California, United States

Elite Modular provides DSA-approved portable classrooms to schools throughout the state of California. It has delivered and installed over 1,000 portables. Elite Modular is based in Perris, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Mobile Mini

Stockton-on-Tees, United Kingdom

Mobile Mini provides portable storage and accommodation services with a national network of 15 sites with over 40,000 portable units which provide site accommodation and secure storage solutions to approximately 17,300 customers including construction companies, retailers, manufacturers, hospitals, schools, utility companies, distributors, local and national government, hotels, restaurants, entertainment, and shopping complexes and individual households to name but a few. Mobile Mini was formed in 1983 and is based in Stockton-on-Tees, United Kingdom.

Sell -