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M&A Deal Summary

LKCM Headwater Investments Acquires LGG Industrial

On March 31, 2022, private equity firm LKCM Headwater Investments acquired distribution company LGG Industrial from Eriks

Acquisition Highlights
  • This is LKCM Headwater Investments’ 4th transaction in the Distribution sector.
  • This is LKCM Headwater Investments’ 10th transaction in the United States.
  • This is LKCM Headwater Investments’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-03-31
Target LGG Industrial
Sector Distribution
Buyer(s) LKCM Headwater Investments
Sellers(s) Eriks
Deal Type Divestiture

Target

LGG Industrial

Pittsburgh, Pennsylvania, United States
LGG Industrial is a provider of fluid handling, sealing, and material conveyance solutions to the North American industrial market. LGG Industrial increase operational efficiencies, prevent downtime, product, industry, and application know-how, while our proactive and value-added services aim to solve problems before they become emergencies. LGG Industrial is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

LKCM Headwater Investments

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

LKCM Headwater Investments is a private equity firm that seeks to partner with management teams to build successful companies. The Firm takes an operationally-minded approach and provides companies with the tools necessary to build market leaders with sustainable competitive advantages. LKCM generally pursues platform companies with $50 to $500 million and seeks to commit $5 to $80 million per transaction. Sectors of interest include industrial distribution/services, manufacturing, energy, financial services, and healthcare. LKCM Headwater is based in Fort Worth, Texas.

DEAL STATS #
Overall 10 of 12
Sector: Distribution M&A 4 of 4
Type: Divestiture M&A Deals 3 of 3
State: Pennsylvania M&A 1 of 1
Country: United States M&A 10 of 12
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 XMEK

DFW Airport, Texas, United States

XMEK is an engineered seals, plastics, gaskets and bearings used in mission-critical products and applications across diverse industries and end markets. XMEK was founded in 1990 and is based in DFW Airport, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-12 Partner Industrial

Houston, Texas, United States

Partner Industrial is a provider of maintenance and facility services to a broad range of processing and industrial markets, including chemical processing, pipeline and terminals, refining, pulp and paper, distribution and logistics, food and beverage, and power generation & utilities. Partner Industrial is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Eriks

Utrecht, Netherlands
Category Company
Founded 1940
Sector Engineering
Employees5,000
DESCRIPTION

ERIKS is a provider of a wide range of high-quality mechanical engineering components and associated technical and logistics services. Eriks was founded in 1940 and is based in Utrecht, Netherlands.

DEAL STATS #
Overall 3 of 3
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 XMEK

DFW Airport, Texas, United States

XMEK is an engineered seals, plastics, gaskets and bearings used in mission-critical products and applications across diverse industries and end markets. XMEK was founded in 1990 and is based in DFW Airport, Texas.

Sell -
Mergr

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