M&A Deal Summary

Onex Falcon, Ocean Avenue Capital Partners and Aperion Management Acquire ODG

On August 22, 2014, mezzanine finance firm Onex Falcon, private equity firm Ocean Avenue Capital Partners and private equity firm Aperion Management acquired automotive company ODG from Stone Arch Capital and Harvey & Company

Acquisition Highlights
  • This is Onex Falcon’s 2nd, Ocean Avenue Capital Partners’ 1st and Aperion Management’s 1st transaction in the Automotive sector.
  • This is Onex Falcon’s 2nd, Ocean Avenue Capital Partners’ 1st and Aperion Management’s 1st transaction in Canada.
  • This is Onex Falcon’s 2nd, Ocean Avenue Capital Partners’ 1st and Aperion Management’s 1st transaction in Ontario.

M&A Deal Summary
Date 2014-08-22
Target ODG
Sector Automotive
Buyer(s) Onex Falcon
Ocean Avenue Capital Partners
Aperion Management
Sellers(s) Stone Arch Capital
Harvey & Company
Deal Type Secondary Buyout

Target

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.

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Buyer(S) 3

Buyer

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 47 of 56
Sector (Automotive) 2 of 2
Type (Secondary Buyout) 7 of 8
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-24 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-13 Integrity Directional Services

Fort Worth, Texas, United States

Integrity Directional Services is a directional drilling company specializing in delivering quality services to some of the top oil and gas companies in the industry. Integrity Directional Services was founded in 2008 and is based in Fort Worth, Texas.

Buy -
Buyer

Ocean Avenue Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Ocean Avenue Capital Partners is a private equity firm focused on special situation investments in the US and Canada. The Firm targets businesses facing transition, either in need of operational assistance, facing ownership transition, or in need of restructuring. Ocean Avenue will consider minority or majority positions and looks to commit $6 to $15 million per investment. The Firm does not have any sector preferences. Ocean Avenue Capital Partners was founded in 2010 and is based in Santa Monica, California.

DEAL STATS #
Overall 4 of 8
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-13 Global Access

Lehi, Utah, United States

Global Access is a provider of online commerce technology and logistics services for retail and consumer brands, e-commerce and multichannel companies, and direct selling/direct response companies internationally. Global Access was founded in 2002 and is based in Lehi, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 BrandShare

Berwyn, Pennsylvania, United States

BrandShare is a provider of omnichannel brand experiences through product sampling and digital engagement. Brandshare partners with consumer packaged goods manufacturers, retailers, and others to bring to life e-commerce, venue-based and event-based sampling; digital marketing campaigns; and consumer engagement initiatives, such as reward bags. BrandShare was founded in 1984 and is based in Berwyn, Pennsylvania.

Buy -
Buyer

Aperion Management

Category Private Equity Firm
Founded 2006
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Aperion Management is a private equity firm focused on stable companies in North America with revenue between $3 and $20 million. The Firm invests in a variety of situations including buyouts, recapitalizations, family transitions, and growth capital investments. Aperion is industry agnostic, but has partnered with management in a variety of sectors including aerospace and defense, building products, distribution, marketing services, transportation, and infrastructure. Aperion Management was founded in 2006 and is headquartered in New York, New York.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-02 Tri Con Works

Baytown, Texas, United States

Tri Con Works is a provider of construction and management services related to landfill gas monitoring and recovery systems, as well as leachate systems and other environmental services, primarily to national waste services providers and municipalities. Tri Con Works was founded in 1998 and is based in Baytown, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 LJP Waste Solutions

North Mankato, Minnesota, United States

LJP Waste Solutions is a zero landfill, environmental services company that helps residential, commercial, and large manufacturing companies in reaching their sustainability goals. LJP focuses on recycling and waste-to-energy conversions, providing clean fuel for other businesses wherever possible. LJP Waste Solutions was formed in 1993 and is based in North Mankato, Minnesota.

Sell -

Seller(S) 2

SELLER

Stone Arch Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 259M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stone Arch Capital is a private equity firm focused on lower middle market companies operating in the Midwest US. The firm pursues established companies valued from $25 to $125 million with EBITDA between $5 and $30 million. Target companies generally have 'protectable market positions', strong management in place, diverse customer bases, and 'predictable capital intensity'. Stone Arch will consider opportunities in a wide variety of manufacturing and service industries, excluding real estate, technology, and commodity industries. Typical equity investment range between $10 and $25 million. Stone Arch Capital was formed in 2003 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 6 of 13
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 4 of 7
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-09 Vanderra Resources

Forth Worth, Texas, United States

Vanderra Resources LP is an oilfield services provider to major and independent oil and gas producers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 Natural Resource Group

Minneapolis, Minnesota, United States

Natural Resource Group LLC is a provider of environmental permitting and consulting services for feasibility, routing, public affairs, environmental inspection, and environmental due diligence to the energy industry.

Sell -
SELLER

Harvey & Company

Investor Investor Investor Investor Investor

Category Merchant Bank
Founded 1998
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.

DEAL STATS #
Overall 15 of 35
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 7 of 12
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Mesker Door

Huntsville, Alabama, United States

Mesker Door, Inc. is a manufacturer of proprietary metal security doors and frames including specialty doors, plus stock inventory. Mesker Door was founded in 1864 and is based in Huntsville, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-21 TMI International

Pittsburgh, Pennsylvania, United States

TMI International LLC is a manufacturer and value-added distributor of industrial products, including strip doors, air doors, industrial curtains and separators, loading dock accessories, and flexible PVC products. The Company sells its products through distributors, catalog houses, and purchasing groups to a wide range of customers. Its end users include warehouses, manufacturing facilities, distribution centers, retail non-food facilities, restaurants, and food processing facilities.

Sell -
Mergr

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