M&A Deal Summary

Platinum Equity and Glencoe Capital Acquire SDI

On March 29, 2007, private equity firms Platinum Equity and Glencoe Capital acquired business services company SDI

Acquisition Highlights
  • This is Platinum Equity’s 4th and Glencoe Capital’s 2nd transaction in the Business Services sector.
  • This is Platinum Equity’s 19th and Glencoe Capital’s 13th transaction in the United States.
  • This is Platinum Equity’s 1st and Glencoe Capital’s 1st transaction in Pennsylvania.
Investment Fate
  • SDI was sold to a consortium of financial buyers in 2011.

M&A Deal Summary

Date 2007-03-29
Target SDI
Sector Business Services
Buyer(s) Platinum Equity
Glencoe Capital
Deal Type Going Private

Target

SDI

Bristol, Pennsylvania, United States
SDI is a provider of MRO (maintenance, repair, and operations) integrated supply chain management services in North America. SDI helps customers optimize business performance by providing technology and supply chain solutions to increase productivity and reduce costs. SDI was established in 1968 and is based in Bristol, Pennsylvania.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 21 of 156
Sector: Business Services M&A 4 of 11
Type: Going Private M&A Deals 2 of 12
State: Pennsylvania M&A 1 of 9
Country: United States M&A 19 of 121
Year: 2007 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-19 Advogent Group

Piscataway, New Jersey, United States

Advogent delivers promotional and strategic communications, certified education and event data management services, and contract sales services to some of the world's largest pharmaceutical and biotechnology companies. It has more than 700 employees and offices in California, Illinois, New Jersey, Ohio and Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-05 Broadleaf Logistics Co.

Vancouver, British Columbia, Canada

Broadleaf distributes a wide range of building materials, including engineered wood products, oriented strand board, panels, framing lumber, and specialty products to the Canadian residential construction market.

Buy -
Buyer

Glencoe Capital

Manchester, New Hampshire, United States

Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Glencoe Capital is a private equity firm that invests in leveraged buyouts and recapitalizations of middle-market companies. Glencoe consists of Glencoe Capital Partners Funds which seeks North American businesses valued between $25 million and $125 million, and the Michigan Opportunities Fund which looks to invest in recapitalizations, buyouts, and growth equity transactions in Michigan. Sectors of interest include business and media services, financial services, food and consumer products, and industrials. Glencoe prefers platform companies to have at least $30 million of sales and EBITDA of at least $3 million. Glencoe Capital was formed in 1994 and is a unit of Leoville Holdings, an alternative investment manager. Glencoe Capital is based in Chicago with an additional office in Birmingham, Michigan.


DEAL STATS #
Overall 15 of 28
Sector: Business Services M&A 2 of 4
Type: Going Private M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 13 of 25
Year: 2007 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-31 Dixie Chemical

Pasadena, Texas, United States

Dixie Chemical is a manufacturer of high-purity chemicals, complex compounds, and chemical intermediates for paper manufacturing, building and construction, packaging, consumer electronics, industrial coatings, and pharmaceutical manufacturing. Dixie Chemical has manufacturing operations in the Bayport Industrial Area, outside of Houston, TX. Dixie Chemical was founded in 1946 and is based in Pasadena, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-23 Fusion Education Group

Grand Rapids, Michigan, United States

Fusion Education Group operates private middle and high schools that offer individualized instruction. Classes at Fusion are delivered by one teacher to one student through a mastery-based learning model, which enables each session to be attuned to that student's specific learning cadence and style. The Fusion approach to learning is effective for all students, however, it is used most frequently by students who did not achieve full potential at his or her prior school due to, among other factors, challenges with group instruction stemming from anxiety, depression, ADHD or different learning styles. Fusion Education Group is based in Grand Rapids, Michigan.

Buy -