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M&A Deal Summary

Littlejohn Acquires Gulf Coast Shipyard Group

On May 28, 2013, private equity firm Littlejohn acquired marine company Gulf Coast Shipyard Group

Acquisition Highlights
  • This is Littlejohn’s 1st transaction in the Marine sector.
  • This is Littlejohn’s 28th transaction in the United States.
  • This is Littlejohn’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2013-05-28
Target Gulf Coast Shipyard Group
Sector Marine
Buyer(s) Littlejohn
Deal Type Buyout (LBO, MBO, MBI)

Target

Gulf Coast Shipyard Group

Gulfport, Mississippi, United States
Gulf Coast Shipyard Group, Inc. is a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets under the brand name TY Offshore, as well as superyachts under the brand name Trinity Yachts.

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Buyer(S) 1

Buyer

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 32 of 66
Sector: Marine M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 14
State: Mississippi M&A 1 of 2
Country: United States M&A 28 of 62
Year: 2013 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-09 CTI Foods

Wilder, Idaho, United States

CTI Foods is a provider of value-added, processed precooked, frozen and fresh food products to many of the country's leading quick service and casual dining restaurant chains. CTI Foods' major products include pre-cooked taco meat, steak and chicken fajita meat, soups and sauces, hamburger patties and dehydrated pinto beans. CTI Foods was founded in 2003 and is based in Wilder, Idaho.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-26 UniTek Global Services

Jackson, Mississippi, United States

UniTek Global Services provides outsourced infrastructure services for the telecommunications, broadband cable, and satellite television industries. UniTek Global Services was founded in 2010 and is based in Jackson, Mississippi.

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