M&A Deal Summary

Paceline Equity Partners Acquires AHF Products

On November 10, 2021, private equity firm Paceline Equity Partners acquired building materials company AHF Products from American Industrial Partners

Acquisition Highlights
  • This is Paceline Equity Partners’ 1st transaction in the Building Materials sector.
  • This is Paceline Equity Partners’ 5th transaction in the United States.
  • This is Paceline Equity Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-11-10
Target AHF Products
Sector Building Materials
Buyer(s) Paceline Equity Partners
Sellers(s) American Industrial Partners
Deal Type Secondary Buyout
Advisor(s) BofA Securities (Financial)

Target

AHF Products

Mountville, Pennsylvania, United States
AHF Products manufactures solid and engineered hardwood flooring products that are sold through full-line flooring distributors, big-box home centers, national flooring retailers, and hardwood specialty distributors under the well-known brand names of Armstrong, Bruce, Capella, Homerwood, Robbins, and T. Morton. AHF Products was founded in 2019 and is based in Mountville, Pennsylvania.

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Buyer(S) 1

Buyer

Paceline Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Paceline is a private equity manager focused on value-oriented and special situations investments across real assets, corporate debt, and private equity in all market environments. Paceline’s investment focus is on situational and event-driven circumstances. Paceline Equity Partners was formed in 2018 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 5 of 6
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 5 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Quick Fitting

East Providence, Rhode Island, United States

Quick Fitting is a manufacturer and supplier of connection and fitting devices. The Company’s products provide cost‐effective, simple, and safe solutions for cable pulling and connecting copper, stainless steel, PEX, and CPVC piping in plumbing, electrical, HVAC, fire suppression, and other industrial end markets. Quick Fitting was founded in 2004 and is based in East Providence, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-15 Delta Hotels Virginia Beach Bayfront Suites

Virginia Beach, Virginia, United States

Delta Hotels Virginia Beach Bayfront Suites is a full-service 295-room all-suite hotel that features 12,000 square feet. The resort’s amenities include two restaurants, a fitness center, an outdoor pool, and direct access to a private beachfront. Delta Hotels Virginia Beach Bayfront Suites was founded in 1968 and is based in Virginia Beach, Virginia.

Buy -

Seller(S) 1

SELLER

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 22 of 25
Sector (Building Materials) 2 of 2
Type (Secondary Buyout) 9 of 9
State (Pennsylvania) 2 of 2
Country (United States) 20 of 22
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Aluminium Dunkerque

Dunkerque, France

Aluminium Dunkerque is Europe’s largest primary aluminium smelter, located in Dunkerque, France. Aluminium Dunkerque has a competitive position highlighted by its access to attractive, low-carbon power and focus on value-added products for the packaging, automotive, aerospace and general industrial end markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 RelaDyne

Cincinnati, Ohio, United States

RelaDyne is a distributor of lubricants, fuels & equipment reliability services to the commercial, industrial, and automotive markets. RelaDyne’s distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern U.S. RelaDyne was formed in 1982 and is based in Cincinnati, Ohio.

Buy -
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