M&A Deal Summary

NEFCO Acquires Newman Associates

On August 22, 2022, NEFCO acquired distribution company Newman Associates from Gen Cap America

Acquisition Highlights
  • This is NEFCO’s 1st transaction in the Distribution sector.
  • This is NEFCO’s 1st transaction in the United States.
  • This is NEFCO’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2022-08-22
Target Newman Associates
Sector Distribution
Buyer(s) NEFCO
Sellers(s) Gen Cap America
Deal Type Add-on Acquisition

Target

Newman Associates

Canton, Massachusetts, United States
Newman Associates is a value-added distributor of pipe support systems primarily serving mechanical, electrical, plumbing and fire protection contractors in the Northeast and Mid-Atlantic states. Newman Associates was founded in 1964 and is based in Canton, Massachusetts.

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Buyer(S) 1

Buyer

NEFCO

East Hartford, Connecticut, United States
Category Company
Founded 1981
Sector Distribution
DESCRIPTION

NEFCO is a distributor providing a broad range of specialty construction products to professional contractors. NEFCO was founded in 1981 and is based in East Hartford, Connecticut.

DEAL STATS #
Overall 1 of 3
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Massachusetts) 1 of 1
Country (United States) 1 of 3
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Fasco Supply

Houston, Texas, United States

Fasco Supply is a stocking distributor of a wide selection of construction fasteners, tools, and supplies. The company maintains 7,000 SKUs in inventory and a fleet of trucks to provide quick, dependable delivery. FASCO’s commitment is to provide contractors with the best possible service, along with competitive pricing and technical assistance. Fasco Supply was founded in 1985 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $10 to $200 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 25 of 29
Sector (Distribution) 6 of 7
Type (Add-on Acquisition) 13 of 14
State (Massachusetts) 3 of 3
Country (United States) 25 of 29
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 Aquasol

North Tonawanda, New York, United States

Aquasol is a manufacturer of water-soluble welding consumables, pipeline purging technologies, specialty paper and packaging products. Products include purging consumables and other technologies that are critical for high-tech welding, particularly for use in challenging environments or applications. The Company’s patented product offering is mostly custom formulated and is used at refineries, plants, pipelines and other facilities that require pipe fabrication and maintenance. Aquasol was founded in 2003 and is headquartered in North Tonawanda, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 Day Motor Sports

Tyler, Texas, United States

Day Motor Sports is a catalog distributor of auto parts and accessories for the circle track racing industry. Day offers more than 11,200 SKUs from more than 90 vendors and manufacturers providing customers with a complete line of circle track parts. Day Motor Sports was founded in 1971 and is based in Tyler, Texas.

Sell -
Mergr

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