M&A Deal Summary

Ligon Industries Acquires Energy Manufacturing

On April 30, 2013, Ligon Industries acquired machinery company Energy Manufacturing from Eastport Operating Partners

Acquisition Highlights
  • This is Ligon Industries’ 2nd transaction in the Machinery sector.
  • This is Ligon Industries’ 2nd transaction in the United States.
  • This is Ligon Industries’ 1st transaction in Iowa.

M&A Deal Summary
Date 2013-04-30
Target Energy Manufacturing
Sector Machinery
Buyer(s) Ligon Industries
Sellers(s) Eastport Operating Partners
Deal Type Add-on Acquisition
Advisor(s) InterOcean Advisors (Financial)

Target

Energy Manufacturing

Monticello, Iowa, United States
Energy Manufacturing Co., Inc. is a designer, manufacturer and marketer of hydraulic cylinders, valves, electrohydraulic and mechanohydraulic power systems, and related components and accessories. The Company sells its products to a broad base of more than 800 customers that includes original equipment manufacturers in the refuse compactor, recycling bailer, truck hoist, agricultural, construction, material handling, distribution, log-splitting and forestry, aerial lift, and lawn and turf care industries, among others, as well as fluid power distributors and catalog houses. Energy is based in Monticello, Iowa.

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Buyer(S) 1

Buyer

Ligon Industries

Birmingham, Alabama, United States
Category Company
Founded 1999
Sector Manufacturing
DESCRIPTION

Ligon Industries, LLC along with its affiliates Ligon Capital, LLC and Ligon Holdings, LLC (“Ligon”) is a Birmingham, Alabama based privately owned manufacturing company formed in January 1999. Since its inception, Ligon has consistently grown by internal investments and acquisitions.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Iowa) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-31 Stahl Specialty

Kingsville, Missouri, United States

Stahl Specialty Co. is a manufacturer and supplier of permanent and semi-permanent mold aluminum castings.

Buy -

Seller(S) 1

SELLER

Eastport Operating Partners

New York, New York, United States
Category Private Equity Firm
PE ASSETS 100M USD
Size Small
Type Sector Focused
DESCRIPTION

Easport Opearating Partners is a private investment firm focused on acquiring niche manufacturing companies. The Firm looks for businesses generating revenues between $15 and $100 million. Target prospects generally have capable management, stable cash flows, low technology risk, and no significant customer or supplier concentration. Easport Operating Partners is based in New York City.

DEAL STATS #
Overall 1 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-20 Energy Manufacturing

Monticello, Iowa, United States

Energy Manufacturing Co., Inc. is a designer, manufacturer and marketer of hydraulic cylinders, valves, electrohydraulic and mechanohydraulic power systems, and related components and accessories. The Company sells its products to a broad base of more than 800 customers that includes original equipment manufacturers in the refuse compactor, recycling bailer, truck hoist, agricultural, construction, material handling, distribution, log-splitting and forestry, aerial lift, and lawn and turf care industries, among others, as well as fluid power distributors and catalog houses. Energy is based in Monticello, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Specified Air Solutions

Buffalo, New York, United States

Specified Air Solutions is a multi-branded, commercial and industrial HVAC equipment manufacturer focused on providing end users with semi-custom, energy efficient solutions for indoor air quality, cooling, heating, and dehumidification needs. The company's diverse product offering is utilized in a range of niche market applications, including education, hospitality, distribution warehouses, retail, community centers, vehicle service shops, commercial offices, and manufacturing facilities. Specified Air Solutions was founded in 1923 and is based in Buffalo, New York.

Sell -
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