M&A Deal Summary

Pfingsten Partners Acquires AP+M

On December 31, 2008, private equity firm Pfingsten Partners acquired energy services and equipment company AP+M

Acquisition Highlights
  • This is Pfingsten Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Pfingsten Partners’ 22nd transaction in the United States.
  • This is Pfingsten Partners’ 1st transaction in Florida.
Investment Fate
  • AP+M was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2008-12-31
Target AP+M
Sector Energy Services and Equipment
Buyer(s) Pfingsten Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Farlie Turner Gilbert Investment Banking (Financial)

Target

AP+M

Boynton Beach, Florida, United States
AP+M is an independent stocking distributor of both heavy-duty and aeroderivative gas turbine parts. AP+M was established in 1990 and is based in Boynton Beach, Florida.

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Buyer(S) 1

Buyer

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.


DEAL STATS #
Overall 22 of 58
Sector: Energy Services and Equipment M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 32
State: Florida M&A 1 of 3
Country: United States M&A 22 of 58
Year: 2008 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 Garretson Resolution Group

Cincinnati, Ohio, United States

Garretson Resolution Group is a neutral provider of services to parties who are settling personal injury claims. Company provides outsourced medical lien resolution and complex settlement administration services for law firms, corporations, insurance companies, plaintiffs and defendants in mass tort, class action and single event litigations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-06 Marlen International

Riverside, Missouri, United States

Marlen International, Inc. is a provider of engineered food processing equipment and related aftermarket parts and services to leading and mid-sized food processors. The Company's engineered equipment serves a variety of applications, including meat, poultry, fish, vegetables, fruit, bakery, confectioneries, snacks, dairy goods and pet food. The equipment is sold under the Marlen and Carruthers brand names and is used for pumping, portioning, filling, dicing, grinding, slicing, shredding, chilling and cooking applications. Marlen was founded in 1950 and is headquartered in Riverside, Missouri.

Buy -