M&A Deal Summary |
|
|---|---|
| Date | 2014-11-11 |
| Target | Horizon Lines |
| Sector | Transportation |
| Buyer(s) | Matson |
| Sellers(s) |
Castle Harlan
Stockwell Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 469M USD |
| Advisor(s) | Goldman Sachs (Financial) Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Founded | 1882 |
| Sector | Transportation |
| Employees | 4,315 |
| Revenue | 3.1B USD (2023) |
Matson is a U.S. transportation carrier in the Pacific. Matson serves Hawaii, Guam, Micronesia and select South Pacific islands, and operates an expedited service from China to Southern California. The Company's fleet consists of 18 owned and three chartered vessels including containerships, combination container/roll-on/roll-off ships, and custom-designed barges. Matson was founded in 1882 and is based in Honolulu, Hawaii.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Transportation) | 3 of 3 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2014) | 2 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-11 |
Horizon s Alaska Operations
United States Horizon's Alaska Operations pioneering container shipping into the market in 1964 under the Sea-Land banner. Horizon deploys three diesel powered Jones Act qualified containerships and operates port terminals in Anchorage, Kodiak and Dutch Harbor. Horizon's Alaska service consists of two weekly sailings from Tacoma to Anchorage and Kodiak, and a weekly sailing to Dutch Harbor. In addition to the three vessels deployed, Horizon has a reserve steam powered Jones Act containership for dry-dock relief. |
Buy | $456M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 33 of 38 |
| Sector (Transportation) | 2 of 2 |
| Type (Add-on Acquisition) | 15 of 17 |
| State (North Carolina) | 1 of 2 |
| Country (United States) | 26 of 30 |
| Year (2014) | 2 of 2 |
| Size (of disclosed) | 4 of 19 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-10 |
Tensar
Alpharetta, Georgia, United States Tensar is a global provider of innovative subgrade soil reinforcement solutions, selling into more than 80 national markets through its two major product lines: Tensar geogrids and Geopier foundation systems. Geogrids are polymer-based products used for ground stabilization, soil reinforcement, and asphalt optimization in construction applications including roadways, public infrastructure, and industrial facilities. Tensar originated geogrid technology, which reduces aggregate consumption, thereby decreasing construction time, expense, and the project owner's cost of lifetime maintenance. The company also has a large portfolio of proprietary products. Tensar was formed in 1983 and is based in Alpharetta, Georgia. |
Buy | $400M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-18 |
Baker & Taylor
Charlotte, North Carolina, United States Baker & Taylor Corp. is a supplier of books, videos (DVDs/VHS) and music to both the institutional and retail markets. The institutional market consisted primarily of public libraries, school libraries (K-12) and academic (college and post graduate) libraries. Retail markets included national chains, online retailers, independent book, video and music stores and non-traditional book retailers. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 41 |
| Sector (Transportation) | 1 of 1 |
| Type (Add-on Acquisition) | 7 of 12 |
| State (North Carolina) | 2 of 2 |
| Country (United States) | 19 of 33 |
| Year (2014) | 6 of 6 |
| Size (of disclosed) | 12 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-29 |
Energy Future Holdings
Dallas, Texas, United States Energy Future Holdings Corp., formerly TXU Corp., is a Dallas-based, privately held energy company with a portfolio of competitive and regulated energy companies. These businesses serve the high-growth Texas electricity market, which is one of world's largest and among the nation's most successful competitive markets. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-01 |
TDF
Montrouge, France TDF engages in the operation and provision of audiovisual, mobile phone, and broadband services to radio and television operators, telecoms operators, and local communities in Europe. It also involves in the video shooting; analog/digital television and radio broadcasting; and the deployment, maintenance, and management of telecom networks. TDF was founded in 1975 and is based in Montrouge, France. |
Sell | €3.6B |
