M&A Deal Summary

Purcell Systems Acquires Design Tanks

On October 1, 2019, Purcell Systems acquired manufacturer Design Tanks from Aldine Capital Partners

Acquisition Highlights
  • This is Purcell Systems’ 1st transaction in the Manufacturing sector.
  • This is Purcell Systems’ 1st transaction in the United States.
  • This is Purcell Systems’ 1st transaction in South Dakota.

M&A Deal Summary
Date 2019-10-01
Target Design Tanks
Sector Manufacturing
Buyer(s) Purcell Systems
Sellers(s) Aldine Capital Partners
Deal Type Add-on Acquisition

Target

Design Tanks

Sioux Falls, South Dakota, United States
Design Tanks, Inc. designs, engineers, and manufactures fiberglass-reinforced plastic tanks. It offers tops/covers/bottoms, mixing tanks, solar tanks, sectionalized tanks, double wall tanks, and rectangular. Design Tanks was founded in 1956 and is based in Sioux Falls, South Dakota.

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Buyer(S) 1

Buyer

Purcell Systems

Spokane Valley, Washington, United States
Category Company
Founded 2000
Sector Electrical Equipment
DESCRIPTION

Purcell Systems is a designer, manufacturer and marketer of thermally managed electronic equipment and battery cabinet enclosures for customers globally in telecommunication, broadband, utility, rail and military applications.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 18 of 24
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 12 of 14
State (South Dakota) 1 of 1
Country (United States) 18 of 24
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 Applied Process

Livonia, Michigan, United States

Applied Process, Inc. is a specialty heat treating company focused on austempering, an isothermal heat treatment which creates superior properties on ferrous metal parts: less distortion, higher strength, higher toughness, better wear resistance, lighter components, and lower overall cost.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 N.J. Sullivan

Dulles, Virginia, United States

N.J. Sullivan is a manufacturing and delivering niche, customized, industry-rated electrical enclosures, components include electrical junction boxes, switchgear cabinet enclosures. N.J. Sullivan was founded in 1958 and is based in Dulles, Virginia.

Buy -
Mergr

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