M&A Deal Summary

Odyssey Investment Partners Acquires Protective Industrial Products

On December 15, 2020, private equity firm Odyssey Investment Partners acquired safety/security company Protective Industrial Products from Audax Private Equity

Acquisition Highlights
  • This is Odyssey Investment Partners’ 3rd transaction in the Safety/Security sector.
  • This is Odyssey Investment Partners’ 43rd transaction in the United States.
  • This is Odyssey Investment Partners’ 1st transaction in New York.

M&A Deal Summary
Date 2020-12-15
Target Protective Industrial Products
Sector Safety/Security
Buyer(s) Odyssey Investment Partners
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout

Target

Protective Industrial Products

Latham, New York, United States
Protective Industrial Products is a provider of consumable personal protective equipment (PPE). Protective Industrial Products was established in 1984 and is headquartered in Latham, New York.

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Buyer(S) 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.

DEAL STATS #
Overall 46 of 52
Sector (Safety/Security) 3 of 3
Type (Secondary Buyout) 20 of 23
State (New York) 1 of 1
Country (United States) 43 of 49
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 ProPharma Group

Overland Park, Kansas, United States

ProPharma Group is a provider of medical information, pharmacovigilance, and compliance consulting services for clients in the pharmaceutical, biotechnology, and medical device industries. The Company’s Medical Information service includes responding to inquiries from patients and healthcare professionals in over 30 languages from five contact centers located around the world. Its pharmacovigilance service includes processing of post-marketing and clinical adverse events, aggregate reporting, and signal detection. ProPharma Group also provides an array of Compliance Consulting services to help its clients meet regulatory requirements across the product life cycle. Consulting services include quality assurance, process validation, commissioning and qualification, technology transfer, program management, computer system validation, and other related services. ProPharma Group was formed in 2001 and is based in Overland Park, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Service Champions

Brea, California, United States

Service Champions is a provider of essential residential service and replacement services including air conditioning repair and replacement, plumbing, solar and electrical services. Service Champions was founded in Brea, California.

Buy -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 77 of 102
Sector (Safety/Security) 3 of 4
Type (Secondary Buyout) 43 of 55
State (New York) 5 of 5
Country (United States) 75 of 97
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Gabriel Performance Products

Ashtabula, Ohio, United States

Gabriel Performance Products LLC is a provider of specialty chemicals. Gabriel develops and manufactures a proprietary line of complex chemicals and provides contract manufacturing services to other chemical producers. Gabriel Performance Products was founded in 2001 and is based in Ashtabula, Ohio.

Sell $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 GCG

Chicago, Illinois, United States

GCG is a major value-added distributor of wire, cable, and related products to a variety of niche markets through well-known brands for the following segments Telecom/Broadband, Factory Automation, Naval and Ship-Building, Rail/Transit and Building Automation. GCG is based in Chicago, Illinois.

Buy -
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