M&A Deal Summary

Lionheart Ventures Acquires Selas Heat Technology Company

On March 1, 2005, Lionheart Ventures acquired manufacturer Selas Heat Technology Company

Acquisition Highlights
  • This is Lionheart Ventures’ 1st transaction in the Manufacturing sector.
  • This is Lionheart Ventures’ 1st transaction in the United States.
  • This is Lionheart Ventures’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2005-03-01
Target Selas Heat Technology Company
Sector Manufacturing
Buyer(s) Lionheart Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Selas Heat Technology Company

Montgomeryville, Pennsylvania, United States
Selas Heat Technology Company LLC is a manufacturer of industrial burners, fuel blending systems, combustion control systems, furnaces and alternative energy applications particularly landfill gas systems.

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Buyer(S) 1

Buyer

Lionheart Ventures

Newtown, Pennsylvania, United States

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Lionheart Ventures is a private equity group focused on acquiring and developing middle-market manufacturing companies. Lionheart looks for profitable businesses with $5 to $50 million in sales and EBITDA of $1 to $10 million. Specific areas of interest include niche industrial manufacturers, engineered product companies, sensors and controls, precision mechanical components, automotive, aerospace/defense, and pumps/valves/mixers. Lionheart prefers acquisitions with proven management in place, however the Firm also considers situations where a management changeover is needed. Lionheart Ventures was formed in 2004 and has offices near Philadelphia and Boston.


DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 A-1 Machining

New Britain, Connecticut, United States

A-1 Machining Co. Inc. is a manufacturer of thinwall, large diameter turbine engine components used in commercial and military aircraft applications and land-based power generation.

Buy -