M&A Deal Summary

PBT Brands Acquires Slime

On April 1, 2010, PBT Brands acquired manufacturer Slime from Friend Skoler

Acquisition Highlights
  • This is PBT Brands’ 1st transaction in the Manufacturing sector.
  • This is PBT Brands’ 1st transaction in the United States.
  • This is PBT Brands’ 1st transaction in California.

M&A Deal Summary
Date 2010-04-01
Target Slime
Sector Manufacturing
Buyer(s) PBT Brands
Sellers(s) Friend Skoler
Deal Type Add-on Acquisition

Target

Slime

San Luis Obispo, California, United States
Slime has been a pioneer and innovator in tire sealant and tire repair technology. The SLiME formula is manufactured in-house using automated technology and undergoes regular product testing to ensure reliability.

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Buyer(S) 1

Buyer

PBT Brands

Hartford, Connecticut, United States
Category Company
Founded 1909
Sector Automotive
DESCRIPTION

PBT Brands, Inc. is an automotive maintenance and repair chemical products and aircraft sealant products.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1

Seller(S) 1

SELLER

Friend Skoler

West Caldwell, New Jersey, United States
Category Private Equity Firm
Founded 1998
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Friend Skoler is a private equity firm that invests in profitable middle-market companies across a range of industries. The Firm looks to commit $10 to $100 million of equity capital in businesses valued between $3 and $20 million. Generally, target companies have at least $10 million in sales and $1 million of EBIT. Sectors of interest include manufacturing, distribution, business services, direct marketing, e-commerce, event photography, digital imaging, retail and branded consumer products companies. The Firm will consider transactions ranging from buyouts and recapitalizations to expansion and acquisition financings. Friend Skoler was formed in 1998 and is based in Saddle Brook, New Jersey.

DEAL STATS #
Overall 4 of 9
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 1
Country (United States) 3 of 8
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-04 Iconic Group

Atlanta, Georgia, United States

Iconic Group is a provider of professional event photography services to educational institutions and endurance race organizers. Iconic Group's divisions include Bob Knight Photo, Chappell Graduation Images, and MarathonFoto. Iconic Group provides professional photography services at 10,000 events and 30,000 shoot dates, taking 53 million consumer images per year under the GradImages, University Photo, WorldWide Photography, and MarathonFoto brands. Iconic Group is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-17 Hopkins

Emporia, Kansas, United States

Hopkins is a manufacturer and marketer of specialized towing products and functional accessories for the automotive and recreational vehicle aftermarket. Hopkins was founded in 1953 and is based in Emporia, Kansas.

Sell -
Mergr

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