M&A Deal Summary

MidOcean Partners Acquires Arnott Industries

On November 18, 2024, private equity firm MidOcean Partners acquired automotive company Arnott Industries from Calera Capital

Acquisition Highlights
  • This is MidOcean Partners’ 3rd transaction in the Automotive sector.
  • This is MidOcean Partners’ 55th transaction in the United States.
  • This is MidOcean Partners’ 5th transaction in Florida.

M&A Deal Summary

Date 2024-11-18
Target Arnott Industries
Sector Automotive
Buyer(s) MidOcean Partners
Sellers(s) Calera Capital
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co.
BMO Capital Markets (Financial)
Baker & McKenzie (Legal)

Target

Arnott Industries

Merritt Island, Florida, United States
Arnott Industries is a global manufacturer of replacement air suspension parts and accessories for the automotive aftermarket. Arnott manufacturers a comprehensive offering of replacement air struts, air springs, compressors, and conversion kits with a superior reputation for quality and reliability. Arnott’s products are primarily sold through the leading aftermarket warehouse distributors and retailers serving the professional repair channel. Arnott Industries was founded in 1989 and is based in Merritt Island, Florida.

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Buyer(S) 1

Buyer

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 60 of 61
Sector: Automotive M&A 3 of 3
Type: Secondary Buyout M&A Deals 25 of 26
State: Florida M&A 5 of 5
Country: United States M&A 55 of 56
Year: 2024 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-15 SI Solutions

Huntersville, North Carolina, United States

SI Solutions provides engineering, testing, inspection, compliance and maintenance services, digital solutions, and expert consulting for power and critical infrastructure end markets. SI Solutions is based in Huntersville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-21 Gas Station TV

Detroit, Michigan, United States

Gas Station TV is a media network for reaching on-the-go consumers. GSTV engages, influences and drives consumers to action with exclusive content from ESPN, CNN's Headline News and Buzz Today, Bloomberg TV, and AccuWeather at fuel retailers across the country. Its growing viewership continues to solidify video at the pump as an exemplary platform to reach a captivated, real-time audience. Gas Station TV was founded in 2006 and is based in Detroit, Michigan.

Buy -

Seller(S) 1

SELLER

Calera Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Calera Capital Partners LP is a private equity firm that targets investments in mid-sized North American businesses valued up to $750 million. Calera Capital looks to invest at least $35 million of equity capital per transaction. Target industries include manufacturing, software, healthcare, consumer products and services. Prospective transaction situations include leveraged recapitalizations of privately held companies, restructurings, growth financings/acquisitions, corporate spin-offs, and take-private situations. Calera seeks businesses with leading market positions, attractive margins, and strong organic growth. Calera Capital was formerly known as Fremont Partners, a unit of the Fremont Group. Calera Capital was formed in 1991 and has offices in San Francisco, California and Boston, Massachusetts.


DEAL STATS #
Overall 24 of 24
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 8 of 8
State: Florida M&A 1 of 1
Country: United States M&A 21 of 21
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 F&I Sentinel

Tallahassee, Florida, United States

F&I Sentinel is a risk management solutions provider for finance and insurance products (F&I) in the automotive finance industry. F&I Sentinel was founded in 2018 and is based in Tallahassee, Florida.

Buy -