M&A Deal Summary

Kinderhook Industries Acquires Mersino

On January 7, 2022, private equity firm Kinderhook Industries acquired business services company Mersino

Acquisition Highlights
  • This is Kinderhook Industries’ 2nd transaction in the Business Services sector.
  • This is Kinderhook Industries’ 56th transaction in the United States.
  • This is Kinderhook Industries’ 6th transaction in Michigan.

M&A Deal Summary
Date 2022-01-07
Target Mersino
Sector Business Services
Buyer(s) Kinderhook Industries
Deal Type Recapitalization
Advisor(s) Catalyst Strategic Advisors (Financial)
Butzel Long (Legal)

Target

Mersino

Davison, Michigan, United States
Mersino is a provider of water control solutions offering industrial pump rentals and services through its vertically integrated model. The Company operates two divisions – (i) water control solutions with a fleet of over 1,200 pumps and (ii) industrial pump manufacturing marketed through its Global Pump brand. Mersino was founded in 1988 and is headquartered in Davison, Michigan.

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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 8.5B 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 58 of 66
Sector (Business Services) 2 of 3
Type (Recapitalization) 7 of 9
State (Michigan) 6 of 7
Country (United States) 56 of 64
Year (2022) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 REIC

Kalispell, Montana, United States

REIC is an equipment rental company that provides construction and industrial equipment for rent, as well as used equipment for sale. The Company operates equipment rental stores throughout the Mountain West region of the United States. REIC was founded in 2014 and is based in Kalispell, Montana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Better Health Group

Tampa, Florida, United States

Better Health Group 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. Better Health Group was founded in 2006 and is based in Tampa, Florida.

Buy -
Mergr

Product

Company

Legal