M&A Deal Summary

PMC Capital Partners Acquires UniversalPegasus International

On February 2, 2021, private equity firm PMC Capital Partners acquired engineering company UniversalPegasus International from Huntington Ingalls Industries

Acquisition Highlights
  • This is PMC Capital Partners’ 1st transaction in the Engineering sector.
  • This is PMC Capital Partners’ 1st transaction in the United States.
  • This is PMC Capital Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2021-02-02
Target UniversalPegasus International
Sector Engineering
Buyer(s) PMC Capital Partners
Sellers(s) Huntington Ingalls Industries
Deal Type Divestiture

Target

UniversalPegasus International

Houston, Texas, United States
UniversalPegasus International is an engineering and design firm that provides its clients with a broad range of engineering, inspection, survey, and project management services focused on the gathering, transmission, and processing of hydrocarbons and hydrocarbon-based products both onshore and offshore domestic and international markets. UniversalPegasus International was founded in 2008 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

PMC Capital Partners

Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

PMC Capital Partners is a private investment firm backed by a multinational conglomerate that principally targets North American control investment opportunities in the TMT, consumer, healthcare, business services, and industrial sectors. The Firm will consider corporate carve-outs, recapitalizing balance sheets, acquiring founder-owned companies, and bolt-on opportunities. For platform acquisitions, PMC seeks profitable (>$2 million of EBITDA) businesses with at least $20 million of revenue and valued up to $100 million. PMC Capital Partners is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Ransom & Randolph

Maumee, Ohio, United States

Ransom & Randolph Co. is a mission-critical manufacturer and supplier of specialty consumables to the global investment casting industry, serving aerospace, defense, industrial gas turbine, automotive, commercial, jewelry, dental, and art casting markets. Ransom & Randolph Co. is based in Maumee, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 StyroChem

Montreal, Quebec, Canada

StyroChem is a producer of expandable polystyrene for foodservice, packaging, construction, casting, and specialty applications. StyroChem is based in Montreal, Quebec.

Sell -

Seller(S) 1

SELLER

Huntington Ingalls Industries

Newport News, Virginia, United States
Category Company
Founded 1886
Sector Marine
Employees44,000
Revenue 11.5B USD (2023)
DESCRIPTION

Huntington Ingalls Industries is a military shipbuilding company and a provider of manufacturing, engineering and management services to the nuclear energy, oil and gas markets. Huntington Ingalls Industries was founded in 1886 and is based in Newport News, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Spatial Integrated Systems - Autonomy Business

Rockville, Maryland, United States

Spatial Integrated Systems' Autonomy Business provides multi-vehicle collaborative autonomy, sensor fusion.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Alion

McLean, Virginia, United States

Alion provides engineering, information technology, naval architecture, and operational solutions for defense, civilian government, foreign governments, and commercial industries in the United States and internationally. Alion was founded in 2001 and is based in McLean, Virginia.

Buy $1.7B
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