M&A Deal Summary

Oaktree Capital Management Acquires Electro-Mechanical

On March 1, 2024, asset manager Oaktree Capital Management acquired manufacturer Electro-Mechanical from Graycliff Partners

Acquisition Highlights
  • This is Oaktree Capital Management’s 3rd transaction in the Manufacturing sector.
  • This is Oaktree Capital Management’s 77th transaction in the United States.
  • This is Oaktree Capital Management’s 1st transaction in Virginia.

M&A Deal Summary

Date 2024-03-01
Target Electro-Mechanical
Sector Manufacturing
Buyer(s) Oaktree Capital Management
Sellers(s) Graycliff Partners
Deal Type Secondary Buyout

Target

Electro-Mechanical

Bristol, Virginia, United States
Electro-Mechanical is a manufacturer of electrical apparatus and sells its products under the Federal Pacific, Line Power, Mirus International, and GridConnex brands. With five manufacturing facilities including a repair and service division, the company has nearly one million square feet of modern manufacturing facilities located in the U.S., Canada, and Mexico. Electro-Mechanical was founded in 1958 and is based in Bristol, Virginia.

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Buyer(S) 1

DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 120 of 121
Sector (Manufacturing) 3 of 4
Type (Secondary Buyout) 22 of 23
State (Virginia) 1 of 1
Country (United States) 77 of 78
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 Asacha

Paris, France

Asacha is a top-tier European group dedicated to the production of premium scripted content, operating throughout Europe and the UK with 7 production companies (Kabo Family, Mintee Studio, Picomedia, Red Planet Pictures, SRAB Films, Stand by Me, WAG Entertainment). Asacha was founded in 2020 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-17 LPW Group

Houston, Texas, United States

LPW Group is a designer and manufacturer of specialty valves, actuators, fittings, flanges, and other flow control products that serve mission-critical applications across chemical, petrochemical, LNG, refining, renewable, naval, pulp & paper, and other industrial markets. LPW Group is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 34 of 38
Sector (Manufacturing) 5 of 5
Type (Secondary Buyout) 12 of 14
State (Virginia) 1 of 1
Country (United States) 31 of 35
Year (2024) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 Phaedon

Minneapolis, Minnesota, United States

Phaedon is a provider of technology-enabled consumer engagement, loyalty, communication, and brand strategy services. Phaedon is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-17 Ballymore

Coatesville, Pennsylvania, United States

Ballymore Safety Products designs, develops, and manufactures engineered safety products that address safety and productivity issues related to vertical access and heavy material handling. The Company offers a broad suite of products and services, including rolling safety ladders, lifts, work platforms, fall protection systems, portable loading docks, lift tables, conveyors, stackers, and reach tools. Ballymore Safety Products was founded in 1945 and is based in Coatesville, Pennsylvania.

Sell -