M&A Deal Summary

KPS Capital Partners Acquires IKG

On January 10, 2020, private equity firm KPS Capital Partners acquired metals/mining company IKG from Enviri for 85M USD

Acquisition Highlights
  • This is KPS Capital Partners’ 2nd transaction in the Metals/Mining sector.
  • This is KPS Capital Partners’ 15th largest (disclosed) transaction.
  • This is KPS Capital Partners’ 31st transaction in the United States.
  • This is KPS Capital Partners’ 2nd transaction in Texas.
Investment Fate
  • IKG was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2020-01-10
Target IKG
Sector Metals/Mining
Buyer(s) KPS Capital Partners
Sellers(s) Enviri
Deal Type Divestiture
Deal Value 85M USD
Advisor(s) Squire Patton Boggs (Legal)

Target

IKG

Houston, Texas, United States
IKG is a manufacturer of high-quality steel and aluminum bar grating, with manufacturing plants throughout North America. From power plants to petroleum refineries, shipyards to large scale factories, IKG services major businesses throughout the industrial sector.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 21.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $200 million to $2 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York, New York.


DEAL STATS #
Overall 37 of 55
Sector: Metals/Mining M&A 2 of 4
Type: Divestiture M&A Deals 15 of 25
State: Texas M&A 2 of 5
Country: United States M&A 31 of 41
Year: 2020 M&A 1 of 5
Size (of disclosed) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 AIS Global

Coeur d’Alene, Idaho, United States

AIS Global is a global designer and manufacturer of human-machine interface (“HMI”) solutions for original equipment manufacturers worldwide in the medical, commercial, industrial, and gaming end markets. It has seven facilities across the United States, United Kingdom, Germany, Taiwan, and China, including four key manufacturing facilities. AIS Global is headquartered in Coeur d’Alene, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Lufkin

Missouri City, Texas, United States

Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world. Lufkin was founded in 1902 and is based in Missouri City, Texas.

Buy -

Seller(S) 1

SELLER

Enviri

Philadelphia, Pennsylvania, United States

Category Company
Founded 1853
Sector Metals/Mining
Employees12,000
DESCRIPTION

Enviri is a diversified industrial company serving major industries that are fundamental to worldwide growth and development, including steel and metals, railways and energy. Enviri was founded in 1853 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 1 of 3
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
State: Texas M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2020 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Clean Earth

King of Prussia, Pennsylvania, United States

Clean Earth is a U.S.-based environmental-services company that provides hazardous and non-hazardous waste disposal, recycling, soil remediation, dredged-material processing, and electronic/industrial-waste management services. It operates a large network of fully-permitted Treatment, Storage and Disposal Facilities (TSDFs) across the United States, offering services to industries such as manufacturing, chemical, retail, energy, infrastructure, pharmaceuticals, and government. Clean Earth was established in 1990 and is based in King of Prussia, Pennsylvania.

Buy $625M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-06 Stericycle - Environmental Solutions Business

Bannockburn, Illinois, United States

Stericycle, Inc. - Environmental Solutions Business (ESOL) is a provider of environmental and regulated waste management solutions. ESOL provides a strengthened infrastructure and a broad portfolio of services for customers who generate regulated waste in virtually any industry.

Buy -