M&A Deal Summary

NorthStar Group Acquires LVI Services

On April 24, 2014, NorthStar Group acquired environmental company LVI Services from Onex Falcon and CHS Capital

Acquisition Highlights
  • This is NorthStar Group’s 1st transaction in the Environmental sector.
  • This is NorthStar Group’s 2nd transaction in the United States.
  • This is NorthStar Group’s 1st transaction in New York.

M&A Deal Summary
Date 2014-04-24
Target LVI Services
Sector Environmental
Buyer(s) NorthStar Group
Sellers(s) Onex Falcon
CHS Capital
Deal Type Merger

Target

LVI Services

New York City, New York, United States
LVI Services, Inc. is a provider of cost-effective, schedule-efficient, high quality environmental remediation and facility services.

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Buyer(S) 1

Buyer

NorthStar Group

New York, New York, United States
Category Company
Founded 1979
Sector Business Services
Employees4,500
DESCRIPTION

NorthStar Group provides specialized environmental and technical services to government and commercial facility owners in need of operational, decommissioning, and remediation services. NorthStar Group Services was founded in 1979 and is based in New York.

DEAL STATS #
Overall 2 of 4
Sector (Environmental) 1 of 1
Type (Merger) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 4
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-24 NCM Group Holdings

Brea, California, United States

NCM Group Holdings LLC is a provider of demolition and remediation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-16 Heneghan Wrecking & Excavating

Chicago, Illinois, United States

Heneghan Wrecking & Excavating Co., Inc. is a provider of complete structural and interior deconstruction, excavation, and emergency response services for commercial and industrial clients. Heneghan Wrecking & Excavating is based in Chicago, Illinois.

Buy -

Seller(S) 2

SELLER

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 18 of 35
Sector (Environmental) 2 of 2
Type (Merger) 1 of 2
State (New York) 2 of 2
Country (United States) 18 of 35
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-18 Likewize

Southlake, Texas, United States

Likewize offers comprehensive protection against any technology disruption. Whether a device is lost, stolen, damaged, malfunctioning, in need of an upgrade or the user does not know how to do something, the company provides the solution. It operates in over 30 countries, resolving 250 million problems each year across insurance, warranty, repairs, trade-ins, recycling, and premium tech support. Likewize was founded in 1997 and is based in Southlake, Texas.

Sell $1.3B
FOLLOWING 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 -
SELLER

CHS Capital

Chicago, Illinois, United States
Category Private Equity Firm
Founded 1988
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHS Capital is a large private equity firm that targets US-based company investments in a variety of sectors. CHS will consider both control and non-control positions in businesses with proven management and strong growth potential. Broad sectors of interest include business services, consumer services, consumer products, distribution, industrial products and infrastructure. The Firm looks for businesses valued from $75 to $300 million. CHS will not invest in venture opportunities or turnaround situations. CHS was formed in 1988 and is based in Chicago, Illinois.

DEAL STATS #
Overall 39 of 46
Sector (Environmental) 3 of 3
Type (Merger) 1 of 1
State (New York) 2 of 2
Country (United States) 39 of 46
Year (2014) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-05 GSE Environmental

Houston, Texas, United States

GSE Environmental is a designer and manufacturer of geosynthetic lining solutions used in the containment and management of solids, liquids, and gasses for organizations engaged in waste management, mining, liquid containment, aquaculture, agriculture, and other industrial activities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 Dura-Line Holdings

Knoxville, Texas, United States

Dura-Line Holdings, Inc. is a manufacturer and distributor of communication and energy infrastructure plastic products and systems including conduit, cable-in-conduit, pipe, and accessories.

Sell $630M
Mergr

Product

Company

Legal