M&A Deal Summary

Lifco Acquires Solesbee s Equipment & Attachments

On May 26, 2017, Lifco acquired machinery company Solesbee s Equipment & Attachments from Stanwich Partners and Banyan Investment Partners

Acquisition Highlights
  • This is Lifco’s 5th transaction in the Machinery sector.
  • This is Lifco’s 2nd transaction in the United States.
  • This is Lifco’s 1st transaction in Georgia.

M&A Deal Summary
Date 2017-05-26
Target Solesbee s Equipment & Attachments
Sector Machinery
Buyer(s) Lifco
Sellers(s) Stanwich Partners
Banyan Investment Partners
Deal Type Add-on Acquisition

Target

Solesbee s Equipment & Attachments

Douglasville, Georgia, United States
Solesbee's Equipment & Attachments, Inc. is a manufacturer of attachments for excavators, skid steers, front-end loaders, bull dozers and other equipment. The industry’s most demanding users have relied on Solesbee’s premium attachments since 1997. The Company’s employees are proud of Solesbee’s reputation for quality and durability and are excited to join the Business Area Demolition & Tools division of Lifco to further develop Solesbee’s expertise in design, engineering and manufacturing.

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Buyer(S) 1

Buyer

Lifco

Enköping, Sweden
Category Company
Founded 1933
Sector Healthcare Services
Employees6,887
Revenue 24.5B SEK (2023)
DESCRIPTION

Lifco acquires and develops market-leading niched operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco has a clear corporate philosophy which implies a long-term perspective, focus on profits and a highly decentralized organization. Lifco was founded in 1933 and is based in Enköping, Sweden.

DEAL STATS #
Overall 12 of 78
Sector (Machinery) 5 of 9
Type (Add-on Acquisition) 12 of 77
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (2017) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Silvent AB

Borås, Sweden

Silvent AB is a developer and supplier of products for compressed air for cooling, cleaning and drying purposes in many different industries. Silvent AB was founded in 1989 and is located in Borås, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-10 WACHTEL

Hilden, Germany

WACHTEL GmbH is a turnkey supplier of piping, conduit piping and air shaft technology. Wachtel mainly operates in Germany.

Buy -

Seller(S) 2

SELLER

Stanwich Partners

Wilton, Connecticut, United States

Investor

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Stanwich Partners LLC is a private equity firm focused on acquiring small to middle-market manufacturing and value-added distribution companies. Stanwich has a particular interest in family owned companies and corporate divestitures. Stanwich looks for opportunities valued between $5 and $35 million. Target companies typically have annual revenues of $5 to $75 million and at least $1 million of EBITDA. Stanwich prefers businesses located in the Eastern US. Stanwich will not invest in start-ups, real estate, companies dependent on emerging technologies, or significant generators of chemical waste. Stanwich Partners was formed in 1982 and is based in Wilton, Connecticut.

DEAL STATS #
Overall 3 of 3
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Georgia) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Advanced Recycling Systems

Lowellville, Ohio, United States

Advanced Recycling Systems is a designer and manufacturer of patented equipment utilized in the collection, recycling, and removal of dust and debris generated in industrial environments. Advanced Recycling Systems was founded in 1991 and is based in Lowellville, Ohio.

Buy -
SELLER

Banyan Investment Partners

Miami, Florida, United States

Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.

DEAL STATS #
Overall 15 of 22
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 9 of 14
State (Georgia) 5 of 5
Country (United States) 15 of 22
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Highwinds

Winter Park, Florida, United States

Highwinds is a multi-platform IP services provider that specializes in software, content delivery network and IP infrastructure services (transport, hosting and storage). Highwinds is based in Winter Park, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Compact Power Equipment Centers

Fort Mill, South Carolina, United States

Compact Power Equipment Centers is a manufacturer and wholesale distributor of compact utility equipment used in a broad spectrum of industries including landscape contracting, telecommunications, general construction, irrigation, and utilities. Compact Power Equipment Centers LLC was established in 2008 and is headquartered in Fort Mill, South Carolina.

Sell $265M
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