M&A Deal Summary

Oldcastle Architectural Acquires Advanced Environmental Recycling Technologies

On March 17, 2017, Oldcastle Architectural acquired environmental company Advanced Environmental Recycling Technologies from H.I.G. Private Equity for 117M USD

Acquisition Highlights
  • This is Oldcastle Architectural’s 1st transaction in the Environmental sector.
  • This is Oldcastle Architectural’s largest (disclosed) transaction.
  • This is Oldcastle Architectural’s 2nd transaction in the United States.
  • This is Oldcastle Architectural’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2017-03-17
Target Advanced Environmental Recycling Technologies
Sector Environmental
Buyer(s) Oldcastle Architectural
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition
Deal Value 117M USD

Target

Advanced Environmental Recycling Technologies

Springdale, Arkansas, United States
Advanced Environmental Recycling Technologies, Inc. (“AERT”) is a provider in plastic recycling technologies, specializing in recycling polyethylene plastics for the manufacture of composite building materials and for the sale of recycled resin to other extruders of plastic products.

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Buyer(S) 1

Buyer

Oldcastle Architectural

Atlanta, Georgia, United States
Category Company
Founded 1991
Sector Building Materials
DESCRIPTION

Oldcastle Architectural, Inc. is a provider of concrete masonry, lawn, garden and paving products and a regional leader in clay brick.

DEAL STATS #
Overall 2 of 16
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 2 of 14
State (Arkansas) 1 of 1
Country (United States) 2 of 16
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-21 Custom Crete

Dallas, Texas, United States

Custom Crete, Inc. is a concrete producer. Custom-Crete operates in a specialty area of the concrete supply market with volumetric trucks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Allied Concrete

Charlottesville, Virginia, United States

Allied Concrete Co. is a family-owned manufacturer of high-quality masonry units and a supplier of masonry supplies throughout Central Virginia and Tidewater. Allied Concrete creates synergy between all parties involved in residential and commercial construction projects.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 83 of 175
Sector (Environmental) 2 of 4
Type (Add-on Acquisition) 35 of 72
State (Arkansas) 1 of 1
Country (United States) 64 of 120
Year (2017) 4 of 13
Size (of disclosed) 17 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 ServiceTitan

Glendale, California, United States

ServiceTitan is a mobile, cloud-based software platform that helps home services companies streamline operations, improve customer service, and increase sales. ServiceTitan was founded in 2012 and is based in Glendale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Arctic Glacier

Winnipeg, Manitoba, Canada

Arctic Glacier is a producer, marketer and distributor of packaged ice, with a strong and loyal customer base across Canada and much of the northern, central and western United States. Arctic Glacier was founded in 1996 and is based in Winnipeg, Manitoba.

Sell -
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