M&A Deal Summary

Nonantum Capital Partners Acquires LJP Waste Solutions

On September 19, 2022, private equity firm Nonantum Capital Partners acquired environmental company LJP Waste Solutions from Aperion Management

Acquisition Highlights
  • This is Nonantum Capital Partners’ 1st transaction in the Environmental sector.
  • This is Nonantum Capital Partners’ 7th transaction in the United States.
  • This is Nonantum Capital Partners’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2022-09-19
Target LJP Waste Solutions
Sector Environmental
Buyer(s) Nonantum Capital Partners
Sellers(s) Aperion Management
Deal Type Secondary Buyout
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

LJP Waste Solutions

North Mankato, Minnesota, United States
LJP Waste Solutions is a zero landfill, environmental services company that helps residential, commercial, and large manufacturing companies in reaching their sustainability goals. LJP focuses on recycling and waste-to-energy conversions, providing clean fuel for other businesses wherever possible. LJP Waste Solutions was formed in 1993 and is based in North Mankato, Minnesota.

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Buyer(S) 1

Buyer
DESCRIPTION

Nonantum Capital Partners is a private equity firm focused on investing in North American family and founder-owned businesses, corporate carve-outs, and complex situations. The Firm targets businesses valued from $50 to $500 million where the Nonatum can commit $25 to $100 million. Areas of interest include consumer products, industrial, and business services. Nonantum Capital Partners was established in 2018 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 9
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Minnesota) 1 of 1
Country (United States) 7 of 9
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-22 Christianbook

Peabody, Massachusetts, United States

Christianbook is an e-commerce retailer of Christian products and homeschool merchandise. Christianbook was founded in1970 and is based in Peabody, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 RoadOne IntermodaLogistics

Randolph, Massachusetts, United States

RoadOne IntermodaLogistics is a provider of intermodal transportation solutions for domestic and international shippers. RoadOne IntermodaLogistics was founded in 1996 and is based in Randolph, Massachusetts.

Sell -

Seller(S) 1

SELLER

Aperion Management


Category Private Equity Firm
Founded 2006
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Aperion Management is a private equity firm focused on stable companies in North America with revenue between $3 and $20 million. The Firm invests in a variety of situations including buyouts, recapitalizations, family transitions, and growth capital investments. Aperion is industry agnostic, but has partnered with management in a variety of sectors including aerospace and defense, building products, distribution, marketing services, transportation, and infrastructure. Aperion Management was founded in 2006 and is headquartered in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 ODG

North Hamburg, Ontario, Canada

ODG designs and manufactures gears and transmissions. It offers spur/helical, internal, spline, skived, and worms gears, as well as worms and sprockets; and transmissions. ODG was founded in 1962 and is based in North Hamburg, Ontario.

Buy -