M&A Deal Summary

Mobile Mini Acquires Evergreen Tank Solutions

On November 13, 2014, Mobile Mini acquired business services company Evergreen Tank Solutions from Odyssey Investment Partners and Bratenahl Capital Partners for 405M USD

Acquisition Highlights
  • This is Mobile Mini’s 1st transaction in the Business Services sector.
  • This is Mobile Mini’s 2nd largest (disclosed) transaction.
  • This is Mobile Mini’s 2nd transaction in the United States.
  • This is Mobile Mini’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-11-13
Target Evergreen Tank Solutions
Sector Business Services
Buyer(s) Mobile Mini
Sellers(s) Odyssey Investment Partners
Bratenahl Capital Partners
Deal Type Add-on Acquisition
Deal Value 405M USD

Target

Evergreen Tank Solutions

Houston, Texas, United States
Evergreen Tank Solutions, Inc. is a market leader in the temporary liquid and solid storage containment rental business. The Company rents tanks, boxes, tank trailers, spill containment and other related equipment to customers who use these products as temporary storage for everything from water to sensitive and hazardous waste.

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Buyer(S) 1

Buyer

Mobile Mini

Phoenix, Arizona, United States
Category Company
Founded 1983
Sector Real Estate
Revenue 593M USD (2018)
DESCRIPTION

Mobile Mini, Inc. is a provider of portable storage solutions through its total rental fleet of approximately 209,500 portable storage containers and office units. Mobile Mini was founded in 1983 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 2 of 5
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (Texas) 1 of 2
Country (United States) 2 of 5
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-22 Mobile Storage Group

Glendale, California, United States

Mobile Storage Group, Inc. of Glendale, California, is a provider of portable storage in the United States and the United Kingdom.

Buy $702M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 Allstate Container

Valley Stream, New York, United States

Allstate Container, Inc. is sell, lease or rent new, used, refurbished, specialized and customized shipping and storage containers .

Buy -

Seller(S) 2

SELLER

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.

DEAL STATS #
Overall 23 of 35
Sector (Business Services) 3 of 5
Type (Add-on Acquisition) 4 of 7
State (Texas) 3 of 3
Country (United States) 22 of 34
Year (2014) 3 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-13 Ranpak

Concord Township, Ohio, United States

Ranpak manufactures paper-based systems for protective packaging needs including cushioning, void-fill and wrapping applications. Ranpak's goal was to create the first environmentally responsible system to effectively protect products during shipment. The development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in e-commerce and industrial supply chain solutions. Ranpak was founded in 1972 and is based in Concord Township, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 Tysers

London, United Kingdom

Tysers is a specialty commercial property & casualty insurance brokerage firm headquartered in the U.K. Tysers serves as an intermediary between retail and/or wholesale insurance brokers to facilitate the placement of unusual, complex, or specialized coverages within the London market, notably to Lloyds of London, and global insurance markets.

Buy -
SELLER

Bratenahl Capital Partners

Investor Investor

Category Family Office
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bratenahl Capital Partners is a family-backed private investment group focused on fund as well as direct/co-investment opportunities. The Firm's direct investment practice seeks to commit $500K to $15 million in partnership with other funded or unfunded sponsors. Bratenahl does not have any sector preferences, but does prefer companies with diversified customers and experienced management in place. Bratenahl Capital Partners was formed in 2003 and is headquartered in Cleveland, Ohio.

DEAL STATS #
Overall 11 of 26
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 5 of 12
State (Texas) 1 of 1
Country (United States) 7 of 22
Year (2014) 3 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-14 Stancor Pumps

Monroe, Connecticut, United States

Stancor, Inc. is a designer and manufacturer of electric submersible pumps, controls and related replacement parts and accessories for critical heavy industrial applications in the mining, utility, commercial construction and wastewater industries. Stancor Pumps was founded in 1985 and is based in Monroe, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-19 Sun America

Alliance, Ohio, United States

Sun America is a manufacturer of specialty paper baking cups and thermoformed plastic trays used by commercial bakeries, branded food products companies, supermarkets, foodservice distributors, and retail food service providers. Sun America is based in Alliance, Ohio.

Buy -
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