M&A Deal Summary

NORMA Group Acquires National Diversified Sales

On October 8, 2014, NORMA Group acquired plastics company National Diversified Sales from Graham Partners, AEA Investors and Navigation Capital Partners for 285M USD

Acquisition Highlights
  • This is NORMA Group’s 1st transaction in the Plastics sector.
  • This is NORMA Group’s largest (disclosed) transaction.
  • This is NORMA Group’s 3rd transaction in the United States.
  • This is NORMA Group’s 1st transaction in California.

M&A Deal Summary

Date 2014-10-08
Target National Diversified Sales
Sector Plastics
Buyer(s) NORMA Group
Sellers(s) Graham Partners
AEA Investors
Navigation Capital Partners
Deal Type Add-on Acquisition
Deal Value 285M USD

Target

National Diversified Sales

Woodland Hills, California, United States
National Diversified Sales, Inc. manufacturer of water management solution products including plastic irrigation, drainage, and valve products that are used in many common residential, commercial, and landscaping applications in North America.

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Buyer(S) 1

Buyer

NORMA Group

Maintal, Germany

Category Company
Founded 1896
Sector Manufacturing
Employees6,077
Revenue 1.2B EUR (2023)
DESCRIPTION

NORMA Group is a manufacturer of comprehensive range innovative joining-technology products in the clamp, connect and fluid categories and occupies a leading position as a solution provider. NORMA Group was founded in 1896 and is based in Maintal, Germany.


DEAL STATS #
Overall 5 of 8
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (California) 1 of 1
Country (United States) 3 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Guyco Pty

Edwardstown, Australia

Guyco Pty Ltd. is engaged in the design, manufacture, and distribution of fittings and valves for farm water, irrigation, plumbing, and industrial market sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 Parker Hannifin - Autoline Business

Cleveland, Ohio, United States

Parker Hannifin Corp. - Autoline Business is a designer, manufacturer and marketer of quick connectors for all types of automotive fluid line applications.

Buy -

Seller(S) 3

SELLER

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.


DEAL STATS #
Overall 14 of 37
Sector (Plastics) 4 of 6
Type (Add-on Acquisition) 5 of 14
State (California) 2 of 6
Country (United States) 12 of 34
Year (2014) 3 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-20 Desser Aerospace

Montebello, California, United States

Desser Aerospace is a supplier of aircraft tires and tubes. Desser Aerospace was founded in 1920 and is based in Montebello, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Tidel

Carrollton, Texas, United States

Tidel is a provider of cash management solutions that empower retail institutions across the globe to better manage their daily cash operations, reduce risk, and increase profits. Customers rely on Tidel to provide reliable solutions that help secure, optimize, and streamline their cash environment. Tidel is based in Carrollton, Texas.

Buy -
SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 33 of 79
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 13 of 26
State (California) 3 of 5
Country (United States) 30 of 71
Year (2014) 3 of 5
Size (of disclosed) 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-16 ProMach

Covington, Kentucky, United States

ProMach is a provider of complete packaging machinery solutions, engineering and integration services, and related aftermarket products and services. ProMach brands operate across the entire packaging spectrum: filling and capping, flexibles, pharma, product handling, labeling and coding, and end of line. ProMach also provides Performance Services including integrated solutions, design/build, engineering services, and productivity software to optimize packaging line design and deliver maximum uptime. ProMach was founded in 1998 and is based in Covington, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Lipari Foods

Warren, Michigan, United States

Lipari Foods is a distributor of perimeter-of-the-store, specialty, and branded food products, serving over 6,300 customers throughout the Midwest and beyond. The Company’s products span the deli, bakery, dairy, specialty retail, seafood, packaging, confections, ethnic, and organic categories, providing customers with the broadest selection of largely perishable on-trend, perimeter-of-the-store, and specialty products. Lipari Foods was founded in 1963 and is based in Warren, Michigan.

Buy -
SELLER

Navigation Capital Partners

Atlanta, Georgia, United States

Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 340M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Navigation Capital Partners (NCP) is a private equity firm that makes growth and buyout investments in established mid-market companies with longstanding customer relationships, proprietary manufacturing processes, and mission-critical services. Target companies typically have annual sales up to $150 million and the firm can commit between $10 and $40 million of equity capital per transaction. Sectors of interest include engineered industrial products, automotive & recreational vehicle components, building & construction products, packaging products & services, specialty chemicals, value-added distribution, business services, financial services, healthcare services, and transportation/logistics. Navigation Capital Partners is based in Atlanta, Georgia.


DEAL STATS #
Overall 19 of 26
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 9 of 12
State (California) 3 of 3
Country (United States) 19 of 26
Year (2014) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-22 Metadigm Services

Atlanta, Georgia, United States

Metadigm Services, Inc. ("Metadigm") is a provider a broad range of high-value smart asset-related services, ranging from contract meter reading to turnkey "smart" meter installations, for electric, water and gas utilities. Metadigm's solutions are focused on enabling utilities to adopt Advanced Metering Infrastructure (AMI) and reduce costs outsourcing non-core services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 A. H. Harris & Sons

West Hartford, Connecticut, United States

A.H. Harris distributes building products to the heavy & highway, commercial, industrial and residential markets with the same goal in mind as its founding fathers.

Sell -