M&A Deal Summary

Michelin North America Acquires Lehigh Technologies

On October 18, 2017, Michelin North America acquired chemicals company Lehigh Technologies from NGP Energy Technology Partners

Acquisition Highlights
  • This is Michelin North America’s 1st transaction in the Chemicals sector.
  • This is Michelin North America’s 2nd transaction in the United States.
  • This is Michelin North America’s 1st transaction in Georgia.

M&A Deal Summary

Date 2017-10-18
Target Lehigh Technologies
Sector Chemicals
Buyer(s) Michelin North America
Sellers(s) NGP Energy Technology Partners
Deal Type Add-on Acquisition

Target

Lehigh Technologies

Tucker, Georgia, United States
Lehigh Technologies, Inc. is a manufacturer of micronized rubber powders (MRP). Lehigh's rubber powders are re-engineered from industrial waste rubber using a cryogenic process protected through various patents and trade secrets.

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Buyer(S) 1

Buyer

Michelin North America

Greenville, South Carolina, United States

Category Company
Founded 1950
Sector Automotive
DESCRIPTION

Michelin North America, Inc. is a designer, manufacturer and seller of tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks and motorcycles. The company also publishes travel guides, hotel and restaurant guides, maps and road atlases.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 Streetwise Maps

Sarasota, Florida, United States

Streetwise Maps, Inc. is a laminated city-map publisher in the United States, stand to become the third-largest U.S. map publisher. Streetwise Maps was founded in 1984 and is based in Sarasota, Florida.

Buy -

Seller(S) 1

SELLER

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.


DEAL STATS #
Overall 14 of 17
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 9
State: Georgia M&A 1 of 1
Country: United States M&A 13 of 16
Year: 2017 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 MS Directional

Conroe, Texas, United States

MS Directional is a provider of directional drilling services in the United States. With operations in most major producing onshore oil and gas basins in the United States, MS Energy provides a comprehensive suite of directional drilling services including directional drilling, downhole performance motors, directional surveying, measurement while drilling ("MWD"), and wireline steering tools. MS Directional was founded in 1980 and is based in Conroe, Texas.

Sell $215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 Oilfield Water Logistics

Dallas, Texas, United States

Oilfield Water Logistics is a provider of midstream water infrastructure and services. Oilfield Water Logistics was founded in 2014 and is based in Dallas, Texas.

Sell -