M&A Deal Summary

Lincolnshire Management and GarMark Partners Acquire Allison Marine Contractors

On September 7, 2011, private equity firm Lincolnshire Management and mezzanine finance firm GarMark Partners acquired marine company Allison Marine Contractors

Acquisition Highlights
  • This is Lincolnshire Management’s 1st and GarMark Partners’ 1st transaction in the Marine sector.
  • This is Lincolnshire Management’s 17th and GarMark Partners’ 17th transaction in the United States.
  • This is Lincolnshire Management’s 1st and GarMark Partners’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2011-09-07
Target Allison Marine Contractors
Sector Marine
Buyer(s) Lincolnshire Management
GarMark Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Allison Marine Contractors

Amelia, Louisiana, United States
Allison Marine is a marine outfitting, repair and refurbishment company that provides integrated land based and offshore services to oil and gas operators in the Gulf of Mexico primarily related to platform and rig logistics. The Company’s operations are focused on refurbishment, resale and recycling of platforms and equipment, fixed-priced platform decommissioning project management, and various other offshore support services. Allison Marine Contractors was founded in 1995 and is based in Amelia, Louisiana.

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Buyer(S) 2

Buyer

Lincolnshire Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lincolnshire Management, Inc. (LMI) is a private equity firm focused on acquiring small and mid-sized companies in partnership with management. LMI typically targets companies with the majority of business conducted within the US. Prospective companies also have cash-flows of $5 to $50 million and significant opportunities for growth, either internally or through acquisitions. Target transaction situations include corporate divestitures, selling shareholders, and owners desiring liquidity. Lincolnshire Management was formed in 1986 and has office in New York City.


DEAL STATS #
Overall 19 of 32
Sector (Marine) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 15 of 17
State (Louisiana) 1 of 1
Country (United States) 17 of 29
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Latite Roofing

Pompano Beach, Florida, United States

Latite Roofing is a roof installation service provider in Florida and one of the major roofing installation companies in the United States. Latite offers new roof installations and re-roofing (replacement roofs) for both residential and commercial buildings. Latite Roofing was founded in 1943 and is based in Pompano Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-09 PADI

Rancho Santa Margarita, California, United States

PADI (Professional Association of Diving Instructors) is a scuba diving certification, training and publishing company, serving diving instructors, retailers and individual scuba divers. PADI was founded in 1966 and is based in Rancho Santa Margarita, California.

Buy -
Buyer

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 19 of 34
Sector (Marine) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 10
State (Louisiana) 1 of 1
Country (United States) 17 of 32
Year (2011) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-26 Designer Wellness

Carlsbad, California, United States

Designer Wellness sells great-tasting sports nutrition products including whey-based and plant-based protein powders, under the brand names Designer Whey and Aria. Designer Wellness was founded in 1993 and is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-07 Tire Group International

Miami, Florida, United States

Tire Group International is an independent distributor of replacement tires serving the US and Latin American markets. Distributes passenger, light truck, heavy truck, agricultural, industrial, off-the-road, and specialty tires. Tire Group International was founded in 1992 and is based in Miami, Florida.

Buy -