M&A Deal Summary

MEI Rigging & Crating Acquires Able Machinery Movers

On January 9, 2024, MEI Rigging & Crating acquired machinery company Able Machinery Movers from Satori Capital

Acquisition Highlights
  • This is MEI Rigging & Crating’s 1st transaction in the Machinery sector.
  • This is MEI Rigging & Crating’s 10th transaction in the United States.
  • This is MEI Rigging & Crating’s 3rd transaction in Texas.

M&A Deal Summary
Date 2024-01-09
Target Able Machinery Movers
Sector Machinery
Buyer(s) MEI Rigging & Crating
Sellers(s) Satori Capital
Deal Type Add-on Acquisition

Target

Able Machinery Movers

Grapevine, Texas, United States
Able Machinery Movers is a heavy machinery moving and rigging company that serves customers in a variety of sectors, including manufacturing, medical, semiconductor, food, and beverage. Able prioritizes completing projects safely, on time, and within budget, and its customers rely on Able’s experience placing machinery in areas with limited maneuverability, as well as its ability to work in sensitive environments such as data centers, clean rooms, and hospitals. Able Machinery Movers was founded in 1957 and is based in Grapevine, Texas.

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Buyer(S) 1

Buyer

MEI Rigging & Crating

Albany, Oregon, United States
Category Company
Founded 1990
Sector Business Services
DESCRIPTION

MEI Rigging & Crating is a provider of machinery moving, millwrighting, installation, crating, and export packing services. MEI Rigging & Crating was founded in 1990 and is based in Albany, Oregon.

DEAL STATS #
Overall 10 of 12
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 10 of 12
State (Texas) 3 of 3
Country (United States) 10 of 12
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 Pro-Pac International

Charlotte, North Carolina, United States

Pro-Pac International is a specialty rigging, transportation, and export crating supplier. Pro-Pac is a preferred provider for leading companies. Pro-Pac International is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Coast

Charlotte, North Carolina, United States

Coast is a provider of rigging, machinery moving, and end-to-end industrial services. Coast was founded in 1994 and is headquartered in Charlotte, North Carolina.

Buy -

Seller(S) 1

SELLER

Satori Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Satori Capital is a private investment firm that looks to partner with management teams to pursue profitable, growth-oriented companies with $5 to $50 million of EBITDA. The Firm does not have any sector preferences and generally looks for situations where there is an opportunity for accelerated growth. The Firm will consider majority or minority positions and prefers businesses operating in the US. Satori Capital was formed in 2008 and is based in Dallas, Texas.

DEAL STATS #
Overall 8 of 8
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Texas) 3 of 3
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 SunTree Snack Foods

Phoenix, Arizona, United States

SunTree Snack Foods is a producer of private-label nuts and dried fruit that serves as a source of healthy fats, dietary fiber, and protein. SunTree Snack Foods is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-31 Automatic Fire Protection

San Angelo, Texas, United States

Automatic Fire Protection is a fully integrated provider of fire sprinkler and alarm systems to customers across Texas. The company provides an array of services including installation, maintenance, and inspections for sprinkler, alarm, and extinguisher systems. Automatic Fire Protection was formed in 1970 and is based in San Angelo, Texas.

Buy -
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