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’ 13th 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 13.4B 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 $100 million to $1 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 City.

DEAL STATS #
Overall 37 of 53
Sector (Metals/Mining) 2 of 4
Type (Divestiture) 15 of 22
State (Texas) 2 of 4
Country (United States) 31 of 40
Year (2020) 1 of 5
Size (of disclosed) 13 of 14
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
Employees13,000
Revenue 2.1B USD (2023)
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 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Clean Earth

Hatboro, Pennsylvania, United States

Clean Earth, Inc. is a provider of environmental services for a variety of contaminated materials including soils, dredged materials, and hazardous waste and drill cuttings. The company analyzes, treats, documents, and recycles waste streams generated in multiple end-markets such as power, construction, oil & gas, infrastructure, industrial, and dredging. Treatment includes thermal desorption, dredged material stabilization, bioremediation, physical treatment/screening, and chemical fixation. Clean Earth was established in 1990 and is based in Hatboro, 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 -
Mergr

Product

Company

Legal