Add-on Acquisition • Building Materials

NMG Acquires Acrow Formwork & Scaffolding Pty

On March 1, 2018, NMG acquired building materials company Acrow Formwork & Scaffolding Pty from Anchorage Capital Partners

Acquisition Context
  • This is NMG’s 1st transaction in the Building Materials sector.
  • This is NMG’s 1st transaction in Australia.

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M&A Deal Summary

Date March 1, 2018
Target Acrow Formwork & Scaffolding Pty
Sector Building Materials
Buyer(s) NMG
Sellers(s) Anchorage Capital Partners
Deal Type Add-on Acquisition

Target Company

Acrow Formwork & Scaffolding Pty

Revesby, Australia
Acrow Formwork & Scaffolding Pty Ltd. operates a national network of scaffolding and formwork solutions branches, including the industry standard Acrow brand in formwork and Cuplock in scaffolding, consisting of 11 scaffolding branches, four formwork branches, and three dual formwork and scaffolding hybrid branches across Australia. The company presently holds the number three position in the overall Australian scaffolding market.
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Buyer Overview 1

Buyer

NMG

Exton, Pennsylvania, United States

Category Company
Founded 1982
Sector Business Services
DESCRIPTION

NMG Corp. has been a key innovator in the printing industry and quickly established itself as the go-to envelope and direct mail printer due to its unique abilities to serve the needs of larger direct mail advertisers and agencies throughout the Northeast Corridor. NMG has expanded its presence in key vertical markets including pharmaceutical, financial, non-profit, direct mail, banking, healthcare, insurance, education and many more.


Deal Context for Buyer #
Overall 1 of 1
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Australia 1 of 1
Year: 2018 1 of 1

Seller Profile 1

SELLER

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.


Deal Context for Seller #
Overall 8 of 15
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 4 of 7
Country: Australia 4 of 10
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-30 Contract Resources

Perth, Australia

Contract Resources is a provider of specialized Industrial and mechanical services to the oil & gas, chemical, mining, cement and utilities Industries across New Zealand, and the Middle East. Contract Resources was founded in 1990 and is based in Perth, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-29 Ideal Standard

Brussels, Belgium

Ideal Standard is an international manufacturer and marketer of kitchen and bath products. Ideal Standard was founded in 1901 and is based in Brussels, Belgium.

Buy -