M&A Deal Summary

QEP Acquires ArborCraft

On February 12, 2010, QEP acquired building materials company ArborCraft from Ausable Capital Partners

Acquisition Highlights
  • This is QEP’s 1st transaction in the Building Materials sector.
  • This is QEP’s 2nd transaction in the United States.
  • This is QEP’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2010-02-12
Target ArborCraft
Sector Building Materials
Buyer(s) QEP
Sellers(s) Ausable Capital Partners
Deal Type Add-on Acquisition

Target

ArborCraft

Johnson City, Tennessee, United States
ArborCraft LLC is a provider of a broad line of hardwood flooring including prefinished engineered plank, prefinished solid flooring and unfinished parquet along with related moldings and accessories.

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Buyer(S) 1

Buyer

QEP

Boca Raton, Florida, United States

Category Company
Founded 1979
Sector Manufacturing
Revenue 252M USD (2024)
DESCRIPTION

QEP engages in the manufacture, marketing, and distribution of a line of specialty tools and flooring-related products. QEP was founded in 1979 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 2 of 5
Sector (Building Materials) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (Tennessee) 1 of 1
Country (United States) 2 of 4
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-09 Capitol Adhesives

Dalton, Georgia, United States

Capitol Adhesives provides flooring services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-18 Imperial Industries

Pompano Beach, Florida, United States

Imperial Industries, Inc. is a manufactures and distributes pool, stucco, plaster and roofing products to building materials dealers, contractors and others, primarily in the Southeastern United States and the Caribbean.

Buy $1M

Seller(S) 1

SELLER

Ausable Capital Partners

Santa Monica, California, United States

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Ausable Capital Corp. is a distress-oriented investment firm. AuSable targets companies with $20 million to $1 billion of revenue undergoing varying degrees of operational, financial or market-driven change. Sectors of interest include building materials, energy services, industrial controls, manufacturing, packaging, food, distribution, and aerospace. Prospective transaction situations can include corporate carve-outs, operational and financial restructurings, recapitalizations, MBOs, §363 bankruptcy processes, and consolidation and buy and build strategies. AuSable Capital was established in 2010 and is based in Santa Monica, California.


DEAL STATS #
Overall 1 of 3
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 International Offshore Services

New Orleans, Louisiana, United States

International Offshore Services LLC provides offshore marine transportation and construction capabilities to the oil and gas industry in the Gulf of Mexico. International Offshore Services was founded in 2006 and is based in New Orleans, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Siemens Laserworks

Saskatoon, Saskatchewan, Canada

Siemens Laserworks, Inc. (the “Company”), based in Saskatoon, Saskatchewan, is a specialist fabricator in laser cutting, braking, punching, machining, welding, alodine surface finishing and EMI gasket deposition services. The Company’s primary production focus centered on lean manufacturing concepts: the use of direct-flow manufacturing, Just-In-Time (JIT) production, Vendor-Managed inventory (VMI), Kanban replenishment and sequenced kit production. The Company is the low-cost provider of JIT, specialty steel fabrication services in Western Canada. The operational restructuring plan included a growth strategy to fill increasing demand, a new sales and marketing strategy. The implementation of the plan increased cash flow two-fold in the first year.

Sell -