M&A Deal Summary |
|
|---|---|
| Date | 2023-09-11 |
| Target | Elgin Fastener Group |
| Sector | Manufacturing |
| Buyer(s) | MW Components |
| Sellers(s) |
Audax Private Equity
PNC Mezzanine Capital Apogem Capital |
| Deal Type | Add-on Acquisition |
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MW Components is a manufacturer of products that make machines, engines, and complex sub-assemblies work harder, better, longer, and faster. Its full line of industrial springs, fasteners, machined parts, and flat-stamped spring-related products are engineered for peak performance and made from the world's best materials. MW Components is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 23 |
| Sector (Manufacturing) | 13 of 13 |
| Type (Add-on Acquisition) | 22 of 22 |
| State (Illinois) | 4 of 4 |
| Country (United States) | 23 of 23 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-13 |
Ideal Fasteners
Anaheim, California, United States Ideal Fasteners is involved in manufacturing the finest quality threaded fasteners. It manufacturers socket caps, button sockets, flat socket caps, and specialty items from customer prints. Ideal Fasteners is based in Anaheim, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 19.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 95 of 102 |
| Sector (Manufacturing) | 4 of 5 |
| Type (Add-on Acquisition) | 30 of 35 |
| State (Illinois) | 7 of 8 |
| Country (United States) | 90 of 97 |
| Year (2023) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-06 |
CorEvitas
Waltham, Massachusetts, United States CorEvitas provides real-world evidence through syndicated registry data and analysis services, helping biopharmaceutical companies demonstrate the value of their products to clinicians, patients, payers, and regulators. Corona operates six major autoimmune registries across the US, Canada, and Japan, collecting data from over 500 participating investigator sites. CorEvitas was founded in 2001 and is based in Waltham, Massachusetts. |
Sell | $913M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-26 |
Oakbridge
Atlanta, Georgia, United States Oakbridge is an independent insurance and risk management agency, focused on commercial P&C, employee benefits, surety, personal P&C, and risk management services. Oakbridge is based in Atlanta, Georgia. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
PNC Mezzanine Capital is the subordinated debt investing arm of PNC Bank. PNC Mezzanine looks to provide $10 to $50 million of junior capital to middle-market companies in a variety of industries. Prospective companies generally have revenues of $20 million and EBITDA greater than $4 million. Broad sectors of interest include niche manufacturing, value-added distribution, and business or consumer services. PNC will not invest in early-stage or technology-driven businesses; real estate, commodity-based or capital-intensive companies; businesses with high customer or vendor concentration; or declining businesses. PNC Mezzanine was formed in 1989 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 48 of 49 |
| Sector (Manufacturing) | 7 of 7 |
| Type (Add-on Acquisition) | 14 of 15 |
| State (Illinois) | 5 of 5 |
| Country (United States) | 46 of 47 |
| Year (2023) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-01 |
Miller Environmental Services
Deer Park, Texas, United States Miller Environmental Services provides a broad array of industrial cleaning and environmental services within the downstream, midstream, and upstream hydrocarbon processing markets. Miller Environmental Services was established in 1985 and is based in Corpus Christi, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-08 |
Trexon
Macedonia, Ohio, United States Trexon is a designer and specialty distributor of high performance, ruggedized wire, cable, connectors, and assembled products. TPC's highly engineered products transmit power and signal in critical applications such as robotic manufacturing systems and temporary power for auto plants, mines, factories, and other harsh industrial environments. Trexon was founded in 1979 and is based in Macedonia, Ohio. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 2001 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 52 |
| Sector (Manufacturing) | 3 of 3 |
| Type (Add-on Acquisition) | 20 of 21 |
| State (Illinois) | 5 of 5 |
| Country (United States) | 49 of 52 |
| Year (2023) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-29 |
American Landscaping Partners
Brentwood, Tennessee, United States American Landscaping Partners is a provider of landscaping services and offers lawn maintenance, lawn care, snow removal, plant healthcare, and tree services for residential and commercial customers. American Landscaping Partners is based in Brentwood, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-05 |
TIPCO Technologies
Owings Mills, Maryland, United States TIPCO is a value-added distributor of fluid conveyance and sealing solutions, operating from 30 strategic locations across the United States. The Company serves a variety of end markets including infrastructure, manufacturing, transportation, government, agriculture/forestry, and energy. TIPCO Technologies was founded in 1888 and is based in Owings Mills, Maryland. |
Buy | - |
