M&A Deal Summary

Kolmar Americas Acquires American GreenFuels

On January 5, 2016, Kolmar Americas acquired oil/gas exploration company American GreenFuels from Enhanced Capital Partners, Advantage Capital Partners and Ironwood Capital

Acquisition Highlights
  • This is Kolmar Americas’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Kolmar Americas’ 1st transaction in the United States.
  • This is Kolmar Americas’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2016-01-05
Target American GreenFuels
Sector Oil/Gas Exploration
Buyer(s) Kolmar Americas
Sellers(s) Enhanced Capital Partners
Advantage Capital Partners
Ironwood Capital
Deal Type Add-on Acquisition

Target

American GreenFuels

New Haven, Connecticut, United States
American GreenFuels is a producer of high-quality biodiesel in the Northeast US to meet the growing regional demand for biodiesel in home heating and transportation fuels, to provide energy, and promote environmental responsibility. American GreenFuels was founded in 2004 and is based in New Haven, Connecticut.

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Buyer(S) 1

Buyer

Kolmar Americas

Shelton, Connecticut, United States

Category Company
Founded 1997
Sector Oil/Gas Exploration
DESCRIPTION

Kolmar Americas is a petroleum and petrochemicals company which trades and markets more than 80 products including petrochemical and petroleum feed stocks, ethanol, gasoline, distillates, biodiesel, coal and coke. Kolmar Americas was founded in 1997 and is based in Shelton, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 3

SELLER

Enhanced Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.


DEAL STATS #
Overall 22 of 26
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 10 of 14
State (Connecticut) 1 of 2
Country (United States) 22 of 26
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-10 Advanced Generation & Efficiency

New York, New York, United States

Advanced Generation & Efficiency finances and manages the installation, operations, and maintenance of renewable energy technologies and energy efficient equipment for existing buildings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Sun Water Systems

Haltom City, Texas, United States

Sun Water Systems, Inc. (dba Aquasana) is a designer, assembler and marketer of premium performance water treatment products, including whole-house treatment systems, drinking water solutions for at home and on-the-go, and shower filters.

Sell $87M
SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 66 of 97
Sector (Oil/Gas Exploration) 2 of 3
Type (Add-on Acquisition) 35 of 54
State (Connecticut) 5 of 9
Country (United States) 66 of 97
Year (2016) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 NovaTract

New Haven, Connecticut, United States

NovaTract is a developer of a specialized, next-generation surgical tool, based upon technology licensed from Yale University.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-20 PayIt

Kansas, Missouri, United States

PayIt with a digital platform brings speed and simplicity to residents’ interactions with government. Its digital-based service enables people to easily access essential government services or perform tasks such as renew motor vehicle registration and pay taxes from any device, anywhere. PayIt was founded in 2013 and is based in Kansas, Missouri.

Buy -
SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 20 of 53
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 15 of 32
State (Connecticut) 9 of 15
Country (United States) 20 of 53
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 NovaTract

New Haven, Connecticut, United States

NovaTract is a developer of a specialized, next-generation surgical tool, based upon technology licensed from Yale University.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Paradigm Windows Solutions

Portland, Maine, United States

Paradigm Windows Solutions is a manufacturer of custom vinyl windows and patio doors. Paradigm Windows Solutions was founded in 1981 and is based in Portland, Maine.

Buy -