M&A Deal Summary

Lincoln Industrial Acquires Alemite

On January 24, 2006, Lincoln Industrial acquired machinery company Alemite from Harbour Group, American Capital and Sentinel Capital Partners

Acquisition Highlights
  • This is Lincoln Industrial’s 1st transaction in the Machinery sector.
  • This is Lincoln Industrial’s 1st transaction in the United States.
  • This is Lincoln Industrial’s 1st transaction in Missouri.

M&A Deal Summary

Date 2006-01-24
Target Alemite
Sector Machinery
Buyer(s) Lincoln Industrial
Sellers(s) Harbour Group
American Capital
Sentinel Capital Partners
Deal Type Add-on Acquisition

Target

Alemite

St. Louis, Missouri, United States
Alemite LLC is a designer, manufacturer and marketer of industrial lubrication equipment and components.

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Buyer(S) 1

Buyer

Lincoln Industrial

St. Louis, Missouri, United States

Category Company
Founded 1910
Sector Manufacturing
DESCRIPTION

Lincoln Industrial Corp. manufactures and distributes lubrication and pumping systems. The company offers railroad lubrications, fittings and installation components, hose reels, grease guns, and fluid controls and systems. Additionally, it provides control valves and meters, and lubrication pumps such as air operated ejectors, thermal pressure devices, and pressure primers.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 3

SELLER

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $50 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 8 of 23
Sector (Machinery) 6 of 7
Type (Add-on Acquisition) 4 of 12
State (Missouri) 1 of 2
Country (United States) 8 of 23
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-07 Copperfield Chimney Supply

Fairfield, Iowa, United States

Copperfield Chimney Supply, Inc. is a distributor serving contractors and retailers in the sales and service of hearth and chimney systems. Copperfield offers products under its five proprietary brands of HomeSaver, Woodfield, Gelco, Lock-Top and Lyemance along with the industry-leading brands of more than 100 manufacturers. Copperfield Chimney Supply was founded in 1978 and is based in Fairfield, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-31 Pearlman

City of Commerce, California, United States

Pearlman Corp. is a supplier of diamond cutting products and abrasives to professionals in diverse end-markets, including stone, tile, construction, welding and equipment rental. The company has two divisions: Pearl Abrasives, which develops abrasives and diamond products sold through distributors to a wide range of industries; and Keystone Tools, a distributor of stone cutting and fabrication tools, blades and consumables to end-users, with a focus on the natural stone market. Pearlman Industries, Inc., has acquired Dimensional Tools, Inc and Stone Tool Supply, Inc in May 2007 and July 2007 respectively.

Buy -
SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 33 of 194
Sector (Machinery) 5 of 8
Type (Add-on Acquisition) 15 of 87
State (Missouri) 2 of 2
Country (United States) 33 of 186
Year (2006) 2 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-16 iTradeNetwork

Pleasanton, California, United States

iTradeNetwork is an on-demand solutions provider for the Foodservice and Retail industries. The company is focused on providing the most efficient solution for the entire supply chain from beginning to end. iTradeNetwork provides integrated solutions that fully manage demand forecast planning, promotional planning, buy/sell transactions from placement through transportation, delivery, and payment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-25 Global Dosimetry Solutions

Irvine, California, United States

Global Dosimetry Solutions Inc. provider of Radiation Dosimetry Services.

Sell -
SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 13 of 69
Sector (Machinery) 1 of 4
Type (Add-on Acquisition) 3 of 17
State (Missouri) 1 of 4
Country (United States) 12 of 62
Year (2006) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 NorSun Food Group

Sugar City, Idaho, United States

NorSun Food Group is a supplier and manufacturer of specialty food ingredients to large packaged food companies and restaurant chains. NorSun has created and maintained a leading share of the industrial Individually Quick Frozen ("IQF") roasted and whole baked potato market and has grown rapidly over the past several years.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-20 Tony Roma s

Guatemala City, Guatemala

Tony Roma's, Inc. is a fast-food and casual dining outlets, including Tony Roma’s branded restaurants.

Sell -