M&A Deal Summary

Louis Berger Services Acquires Ranger International Services Group

On February 1, 2012, Louis Berger Services acquired aerospace company Ranger International Services Group from First New England Capital, Plexus Capital, Argosy Private Equity and Balance Point Capital Partners

Acquisition Highlights
  • This is Louis Berger Services’ 1st transaction in the Aerospace sector.
  • This is Louis Berger Services’ 1st transaction in the United States.
  • This is Louis Berger Services’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2012-02-01
Target Ranger International Services Group
Sector Aerospace
Buyer(s) Louis Berger Services
Sellers(s) First New England Capital
Plexus Capital
Argosy Private Equity
Balance Point Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Wyche (Legal)

Target

Ranger International Services Group

Greenville, South Carolina, United States
Ranger International Services Group is an outsourced provider of airfield and logistics services to both the U.S. Armed Forces and commercial companies within the aerospace and defense industry.

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Buyer(S) 1

Buyer

Louis Berger Services

Washington, District of Columbia, United States
Category Company
Founded 1953
Sector Engineering
Revenue 480M USD (2017)
DESCRIPTION

Louis Berger Services is an international professional services firm mainly active in the transportation, infrastructure, environmental, and water sectors, as well as in master planning. LBS specializes in operations and maintenance services for complex infrastructure assets at mission-essential defense and civilian facilities worldwide. Louis Berger Services was formed in 1953 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 1 of 2
Sector (Aerospace) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (South Carolina) 1 of 2
Country (United States) 1 of 2
Year (2012) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-27 Hawthorne Services

Charleston, South Carolina, United States

Hawthorne Services, Inc. provides aircraft fuel services and facility support services by contract to government agencies.

Buy -

Seller(S) 4

SELLER

First New England Capital

West Hartford, Connecticut, United States
Category Private Equity Firm
Founded 1988
PE ASSETS 50M USD
Size Small
Type Sector Agnostic
DESCRIPTION

First New England Capital is a private investment firm that provides equity and mezzanine capital to later-stage, small and middle-market companies operating in the Northeast US. First New England typically invests $2 to $5 million in companies generating $10 to $150 million in annual revenue. First New England can act as the lead investor or participate alongside others. The Firm will consider opportunities across many different sectors. First New England Capital was formed in 1988 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 3 of 7
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (South Carolina) 1 of 1
Country (United States) 3 of 7
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Claris Vision

Warwick, Rhode Island, United States

Koch Eye Associates, Inc. is a provider of eye care and surgical practices, with twenty doctors treating patients at eight office locations, three laser vision centers, and a surgery center. Koch Eye Associates was founded in 1981 and is based in Warwick, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-27 Stonewall Kitchen

York, Maine, United States

Stonewall Kitchen is a specialty food and home goods producer selling jams and jellies at local farmers' markets with a flavorful line of distinctive and high-quality products. Stonewall expanded the brand to include sauces, condiments, crackers, and baking mixes, always focusing on innovative product development, beautiful packaging, and exceptional guest service. Stonewall Kitchen was founded in 1991 and is based in York, Maine.

Buy -
SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 6 of 41
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 3 of 23
State (South Carolina) 1 of 2
Country (United States) 6 of 41
Year (2012) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Global IT-Services

United States

Global IT-Services Co. provides worldwide hosted and managed technology solutions as well as outsourced IT/BPO services to middle-market and Fortune 1000 companies

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 La-tex Pump and Transportation

Homer, Iowa, United States

LA-tex Pump & Transportation LLC is a provider of housing accommodation systems and equipment rental services to the oil and gas drilling industry. La-tex Pump and Transportation is based in Homer, Iowa.

Buy -
SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 14 of 52
Sector (Aerospace) 2 of 3
Type (Add-on Acquisition) 10 of 38
State (South Carolina) 1 of 1
Country (United States) 14 of 52
Year (2012) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Fab-Tech

Colchester, Vermont, United States

Fab-Tech, Inc. is a manufacturer of coated stainless steel, corrosive fume exhaust systems for the semiconductor, university lab and other industrial markets. Fab-Tech was founded in 1987 and is based in Colchester, Vermont.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-27 SinterFire

Kersey, Pennsylvania, United States

SinterFire is a manufacturer of proprietary frangible lead-free ammunition projectiles used globally for military and law enforcement training and commercial shooting. SinterFire was founded in 1998 and is based in Kersey, Pennsylvania.

Buy -
SELLER

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.

DEAL STATS #
Overall 1 of 16
Sector (Aerospace) 1 of 2
Type (Add-on Acquisition) 1 of 9
State (South Carolina) 1 of 2
Country (United States) 1 of 16
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-17 Awareness Technologies

Westport, Connecticut, United States

Awareness Technologies provides endpoint security solutions for both home and business. ATI both develops and acquires market-leading solutions trusted by millions of parents and thousands of businesses. Awareness Technologies was founded in 2002 and is based in Westport, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Pamal Broadcasting

Latham, New York, United States

Pamal Broadcasting owns and operates twenty-six radio stations across multiple formats in the New York, Vermont, and Massachusetts markets. The company maintains market positions in the Hudson Valley, NY, Glens Falls, NY, and Rutland, VT markets. Pamal Broadcasting was founded in 1986 and is based in Latham, New York.

Buy -
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