M&A Deal Summary

Pacolet Milliken Enterprises Acquires Ni America

On March 19, 2015, Pacolet Milliken Enterprises acquired utilities company Ni America from Metalmark Capital

Acquisition Highlights
  • This is Pacolet Milliken Enterprises’ 1st transaction in the Utilities sector.
  • This is Pacolet Milliken Enterprises’ 1st transaction in the United States.
  • This is Pacolet Milliken Enterprises’ 1st transaction in Texas.

M&A Deal Summary
Date 2015-03-19
Target Ni America
Sector Utilities
Buyer(s) Pacolet Milliken Enterprises
Sellers(s) Metalmark Capital
Deal Type Add-on Acquisition

Target

Ni America

Houston, Texas, United States
Ni America was founded to acquire, own, and operate water and wastewater systems in high growth areas of the United States. Ni America is based in Houston, Texas.

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Buyer(S) 1

Buyer

Pacolet Milliken Enterprises

Greenville, South Carolina, United States
Category Company
Sector Real Estate
DESCRIPTION

Pacolet Milliken Enterprises is a family-owned investment company with a multi-generational investment horizon. Pacolet Milliken Enterprises is based in Greenville, South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Metalmark Capital

New York, New York, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.

DEAL STATS #
Overall 31 of 40
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 15 of 20
State (Texas) 7 of 9
Country (United States) 30 of 37
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-31 Aventine Renewable Energy

Dallas, Texas, United States

Aventine Renewable Energy is the second largest producer and marketer of ethanol in the United States. Aventine Renewable Energy was founded in 1995 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-20 Kissner Milling

Cambridge, Ontario, Canada

Kissner Milling Co., Ltd. is a producer and distributor of bulk rock salt and packaged specialty deicing products across North America. Kissner was formed in 1878 and is based in Detroit, Michigan.

Buy -
Mergr

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