M&A Deal Summary

Longacre Group Acquires Pyroban

On November 21, 2017, private equity firm Longacre Group acquired safety/security company Pyroban from Caterpillar

Acquisition Highlights
  • This is Longacre Group’s 1st transaction in the Safety/Security sector.
  • This is Longacre Group’s 5th transaction in the United Kingdom.

M&A Deal Summary

Date 2017-11-21
Target Pyroban
Sector Safety/Security
Buyer(s) Longacre Group
Sellers(s) Caterpillar
Deal Type Divestiture

Target

Pyroban

West Sussex, United Kingdom
Pyroban is a provider of explosion protection and environmental solutions. The UK-based company is regarded as a leading provider of hazardous safety solutions to the oil and gas, industrial material handling, mining and marine markets. Pyroban was founded in 1969 and is based in West Sussex, United Kingdom.

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Buyer(S) 1

Buyer

Longacre Group

Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 50M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Longacre Group is a private investment firm that targets small to mid-sized company acquisitions across the UK and Europe. The Firm is sector agnostic and generally pursues profitable businesses with £1 to £10 million of cash flow. Prospective transactions include buyouts, supporting new teams to buy-in, acquisitions of non-core divisions from large corporates and helping owner-managers to find solutions in a retirement sale. Longacre Group was established in 2014 and is headquartered in London.


DEAL STATS #
Overall 5 of 10
Sector (Safety/Security) 1 of 1
Type (Divestiture) 2 of 4
Country (United Kingdom) 5 of 10
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-21 Pyropress

Plympton, United Kingdom

Pyropress is a designer and manufacturer of flameproof (ex d), intrinsically safe (ex ia) and industrial switches, transmitters, and valves. Pyropress was founded in 1951 and is based in Plympton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-03 Incodia

Essex , United Kingdom

Incodia is a provider of gift cards, loyalty cards, commercial cards and related fulfilment services, primarily serving high street and online retailers. Its award winning end to end service and product offering covers design, card printing and personalization and fulfillment. Incodia was founded in 1979 and is based in Essex, United Kingdom.

Buy -

Seller(S) 1

SELLER

Caterpillar

Irving, Texas, United States

Category Company
Founded 1925
Sector Machinery
Employees113,200
Revenue 67.1B USD (2023)
DESCRIPTION
Caterpillar office in Tucson, Arizona.
Caterpillar office in Tucson, Arizona.

Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar principally operates through three product segments. These include Resource Industries, Construction Industries, and Energy & Transportation. Caterpillar also provides financing and related services through its Financial Products segment. Caterpillar was incorporated in 1925 and is based in Irving, Texas.


DEAL STATS #
Overall 7 of 8
Sector (Safety/Security) 1 of 1
Type (Divestiture) 6 of 7
Country (United Kingdom) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-07 Yard Club

San Francisco, California, United States

Yard Club, Inc. is an online peer-to-peer equipment rental platform. Yard Club is dedicated to building technology to help the men and women who build world. With innovative web and mobile apps, company make it easy for construction professionals to streamline communication, optimize utilization, and remotely manage heavy equipment fleet and rentals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-29 Caterpillar - Purpose-Built Forestry Business

Peoria, Illinois, United States

Caterpillar, Inc. - Purpose-Built Forestry Business includes the purpose-built forestry product line consisting of Wheel Skidders, Track Feller Bunchers, Wheel Feller Bunchers, Knuckleboom Loaders, and related operations facilities including the manufacturing plant and warehouse in LaGrange, Georgia, the demonstration and training center in Auburn, Alabama, and the legacy Prentice parts distribution center in Smithfield, North Carolina.

Sell -