M&A Deal Summary

Norriseal Acquires Wellmark

On July 30, 2014, Norriseal acquired manufacturer Wellmark from Platte River Equity and Apogem Capital

Acquisition Highlights
  • This is Norriseal’s 1st transaction in the Manufacturing sector.
  • This is Norriseal’s 1st transaction in the United States.
  • This is Norriseal’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2014-07-30
Target Wellmark
Sector Manufacturing
Buyer(s) Norriseal
Sellers(s) Platte River Equity
Apogem Capital
Deal Type Add-on Acquisition

Target

Wellmark

Oklahoma City, Oklahoma, United States
WellMark produces a full line of liquid and pneumatic flow controls and valves to the oil and gas and petrochemical industries.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Norriseal

Houston, Texas, United States

Category Company
Sector Manufacturing
DESCRIPTION

Manufactures pressure controllers and regulators, check and butterfly valves.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 2

SELLER

Platte River Equity

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Platte River Equity is a private equity firm focused on investing in small and middle-market private companies based in the US. Platte River generally invests $25 to $100 million of equity capital per transaction and looks for businesses that can benefit from the Firm's operating expertise. Sectors of interest include aerospace manufacturing and services, metals, chemicals, energy and energy services, natural resources, financial services, and communications. Platte River typically targets control investment situations, but will opportunistically pursue minority investments. Platte River Equity was formed in 2006 and is based in Denver, Colorado.


DEAL STATS #
Overall 6 of 18
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 3 of 6
State (Oklahoma) 1 of 1
Country (United States) 5 of 17
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-03 Global X-Ray & Testing

Houma, Louisiana, United States

Global X-Ray is a specialized provider of quantitative non-destructive testing and evaluation solutions for the major oil and gas companies in the Gulf of Mexico and other key domestic energy markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-13 First River Energy

Denver, Colorado, United States

First River Energy LLC is a provider of crude oil gathering and marketing services tailored to the small independent crude oil producer and end-user of the crude oil. First River Energy was founded in 2014 and is based in Denver, Colorado.

Buy -
SELLER

Apogem Capital

Chicago, Illinois, United States

Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 13 of 52
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 6 of 21
State (Oklahoma) 2 of 2
Country (United States) 13 of 52
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-25 apexanalytix

Greensboro, North Carolina, United States

apexanalytix is a provider of supplier management, audit, recovery, and compliance software, and services. apexanalytix was founded in 1988 and is based in Greensboro, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-20 Checkers Safety

Broomfield, Colorado, United States

Checkers Safety is a provider of branded industrial safety products dedicated to vehicular safety, asset protection, and workplace safety. Checkers Safety was founded in 1987 and is based in Broomfield, Colorado.

Buy -