M&A Deal Summary

McWane Acquires Waterman Valve

On March 6, 2018, McWane acquired manufacturer Waterman Valve from CVF Capital Partners

Acquisition Highlights
  • This is McWane’s 1st transaction in the Manufacturing sector.
  • This is McWane’s 1st transaction in the United States.
  • This is McWane’s 1st transaction in California.

M&A Deal Summary

Date 2018-03-06
Target Waterman Valve
Sector Manufacturing
Buyer(s) McWane
Sellers(s) CVF Capital Partners
Deal Type Add-on Acquisition

Target

Waterman Valve

Exeter, California, United States
Waterman Valve LLC is a manufacturer of control gates, valves, and vents primarily used in wastewater treatment facilities and irrigation districts throughout the United States and abroad. Waterman Valve was founded in 1912 and is based in Exeter, California.

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Buyer(S) 1

Buyer

McWane

Birmingham, Alabama, United States

Category Company
Sector Diversified
DESCRIPTION

McWane Inc, a privately-held diversified manufacturing company based in the United States.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Zinwave

Cambridge, United Kingdom

Zinwave provides the indoor cellular and public safety coverage that businesses need in a five-component, fiber-based solution that’s easy and affordable to install. And because it can support the full spectrum of common radio frequencies from day one, it’s future-ready without additional hardware needed to add capabilities, making for the lowest total cost of ownership. Zinwave was formed in 2002 and is based in Cambridge, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Zinwave

Cambridge, United Kingdom

Zinwave provides the indoor cellular and public safety coverage that businesses need in a five-component, fiber-based solution that’s easy and affordable to install. And because it can support the full spectrum of common radio frequencies from day one, it’s future-ready without additional hardware needed to add capabilities, making for the lowest total cost of ownership. Zinwave was formed in 2002 and is based in Cambridge, United Kingdom.

Sell -

Seller(S) 1

SELLER

CVF Capital Partners

Davis, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

CVF Capital Partners is a private investment firm created to provide growth capital for small to mid-sized businesses located in the California Central Valley. CVF looks to commit $3 to $15 million of capital in the form of mezzanine debt to companies with revenues of 5 million, and at least $1 million of cash-flow. CVF funds are generally used to support business expansions, acquisitions, or to refinance. CVF was formed by the principals of Gael Partners. CVF Capital Partners was founded in 2005 and is based in Davis, California.


DEAL STATS #
Overall 12 of 17
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 8 of 10
State (California) 9 of 12
Country (United States) 12 of 17
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 ComAv

Victorville, California, United States

ComAv provides aerospace asset management services for aircraft owners through its subsidiaries, ComAv Asset Management, and ComAv Technical Services. ComAv offers a fully integrated solution for aerospace asset owners wishing to maximize value while managing short-term storage and reactivation, or long-term storage and end of life solutions. ComAv is an FAA certified repair station focused on providing holistic solutions for commercial airlines, aircraft leasing companies, OEM's and other aerospace operators. ComAv was founded in 1998 and is based in Victorville, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 ioSafe

Roseville, California, United States

ioSafe, Inc. designs and builds award-winning fire- and waterproof data storage and business continuity solutions. Our products are used for the physical protection of data, private/hybrid cloud implementations and backup and disaster recovery solutions for businesses, creative professionals and home users. Like an aircraft black box for critical data, ioSafe improves recovery point and time objectives while reducing costs and simplifying infrastructure. ioSafe was founded in 2005 and is based in Roseville, California.

Sell -