M&A Deal Summary

LKCM Distribution Holdings Acquires Thermal & Mechanical Equipment Co.

On January 7, 2014, LKCM Distribution Holdings acquired electrical equipment company Thermal & Mechanical Equipment Co. from Main Street Capital

Acquisition Highlights
  • This is LKCM Distribution Holdings’ 1st transaction in the Electrical Equipment sector.
  • This is LKCM Distribution Holdings’ 1st transaction in the United States.
  • This is LKCM Distribution Holdings’ 1st transaction in Texas.

M&A Deal Summary

Date 2014-01-07
Target Thermal & Mechanical Equipment Co.
Sector Electrical Equipment
Buyer(s) LKCM Distribution Holdings
Sellers(s) Main Street Capital
Deal Type Add-on Acquisition

Target

Thermal & Mechanical Equipment Co.

Houston, Texas, United States
Thermal & Mechanical Equipment, LLC is a designer, distributor and representative for manufacturers which specializes in heat transfer, filtration equipment and related services.

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Buyer(S) 1

Buyer

LKCM Distribution Holdings

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

LKCM Distribution Holdings LP provides value-added services of process solutions to the energy, industrial, chemical and commercial markets.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Main Street Capital is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $125 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 15 of 48
Sector: Electrical Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 9 of 22
State: Texas M&A 10 of 19
Country: United States M&A 15 of 48
Year: 2014 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-10 Van Gilder Insurance

Denver, Colorado, United States

Van Gilder Insurance is a privately held insurance brokerage firm serving clients in the Rocky Mountain region and across the U.S. The company offers business insurance, employee benefits programs, risk management services and personal insurance products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-06 Integrated Printing Solutions

Centennial, Colorado, United States

Integrated Printing Solutions LLC is a premier producer and innovator of card solutions and strategies for some of the world’s most influential companies. IPS is certified by Visa, MasterCard, and American Express to receive, store and personalize all of its branded products. Company deliver state-of-the-art creative design and manufacturing for cards and packaging, on-demand card printing, personalization, fulfillment, secure warehousing and distribution, data management, and direct mail solutions for the retail, healthcare, prepaid card, financial and advertising industries.

Sell -