M&A Deal Summary

PL Developments Acquires Aaron Industries

On November 18, 2013, PL Developments acquired life science company Aaron Industries from Stephens Capital Partners and Five Points Capital

Acquisition Highlights
  • This is PL Developments’ 1st transaction in the Life Science sector.
  • This is PL Developments’ 1st transaction in the United States.
  • This is PL Developments’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2013-11-18
Target Aaron Industries
Sector Life Science
Buyer(s) PL Developments
Sellers(s) Stephens Capital Partners
Five Points Capital
Deal Type Add-on Acquisition

Target

Aaron Industries

Clinton, South Carolina, United States
Aaron Industries, Inc. is a manufacturer of private-label OTC pharmaceuticals, health and first aid products. The company's products include national brand equivalent liquid over-the-counter (OTC) stomach relief and cough, cold, allergy and pain medicines, pediatric electrolytes and a full range of first aid items. Aaron was formed in 1981 and is based in Clinton, South Carolina.

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Buyer(S) 1

Buyer

PL Developments

Westbury, New York, United States
Category Company
Founded 1988
Sector Life Science
DESCRIPTION

PL Developments is a manufacturer, packager, and distributor of over-the-counter (OTC) pharmaceutical products and consumer healthcare goods. PL Developments was established in 1988 and is based in Westbury, New York.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 PL Developments - OTC Topical Products

Westbury, New York, United States

PL Developments, Inc. - OTC Topical Products is a pharmaceuticals company. OTC Topical Products offers hydrocortisone, vitamin A&D, white petrolatum and zinc oxide.

Sell -

Seller(S) 2

SELLER

Stephens Capital Partners

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stephens Capital Partners is the direct, private equity investment arm of financial services firm Stephens, Inc. Stephens Capital looks to acquire minority or majority stakes in mid-sized, profitable companies in partnership with management. The Firm will consider opportunities throughout the US valued between $50 and $200 million. Stephens Capital will not consider venture investments or turnaround situations. Stephens Capital Partners is based in Little Rock, Arkansas.

DEAL STATS #
Overall 17 of 40
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 8 of 19
State (South Carolina) 1 of 2
Country (United States) 17 of 39
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-07 EiKO

Olathe, Kansas, United States

EiKO is a manufacturer of advanced lighting solutions for the commercial and industrial markets a US-based lighting manufacturer solving the lighting needs of industrial and commercial end‐users for over 40 years, with offices in the United States, Canada, Europe, and APAC. EiKO carries a broad range of LED lamps, indoor and outdoor LED fixtures, and traditional lighting products, selling through electrical distribution. Additionally, EiKO offers a comprehensive suite of services, including real-time quotation and availability, lighting layout tools, utility rebate tools, payback calculator, project financing, search and cross-reference tools. EiKO was founded in 1978 and is based in Olathe, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Basin Oil & Gas

Fort Wo​​​​​rth, Texas, United States

Basin Oil & Gas is an oil and gas company focused on providing consistent, long-term returns by building a diversified portfolio of energy assets. Basin Oil & Gas was established in 2009 and is based in Fort Worth, Texas.

Buy -
SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.

DEAL STATS #
Overall 15 of 58
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 3 of 24
State (South Carolina) 5 of 6
Country (United States) 15 of 58
Year (2013) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-05 SQAD

Tarrytown, New York, United States

SQAD provides media planning management software, media cost databases, and television ratings analytics software to advertisers, agencies, media inventory owners and media research firms. SQAD was founded in 1990 and is based in Tarrytown, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 Cadence Education

Scottsdale, Arizona, United States

Cadence Education is a premier early childhood educator in the United States, operating more than 225 private preschools across the country. With more than 27 years in business, Cadence has developed unparalleled expertise in preparing students to thrive in the next step of their childhood. It provides parents with peace of mind by giving children an exceptional education every fun-filled day in a place as nurturing as home. Cadence Education was formed in 1969 and is based in Scottsdale, Arizona.

Buy -
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