M&A Deal Summary

RelaDyne Acquires Western Marketing

On May 30, 2017, RelaDyne acquired distribution company Western Marketing from Wingate Partners

Acquisition Highlights
  • This is RelaDyne’s 13th transaction in the Distribution sector.
  • This is RelaDyne’s 18th transaction in the United States.
  • This is RelaDyne’s 4th transaction in Texas.

M&A Deal Summary

Date 2017-05-30
Target Western Marketing
Sector Distribution
Buyer(s) RelaDyne
Sellers(s) Wingate Partners
Deal Type Add-on Acquisition

Target

Western Marketing

Abilene, Texas, United States
Western Marketing, Inc. is a distributor of lubricants, including heavy duty motor oil, industrial lubricants, and natural gas engine oil. Western Marketing, Inc. was founded in 1957 and is based in Abilene, Texas.

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Buyer(S) 1

Buyer

RelaDyne

Cincinnati, Ohio, United States

Category Company
Founded 1982
Sector Distribution
Employees1,500
Revenue 2.1B USD (2021)
DESCRIPTION

RelaDyne is a distributor of lubricants, fuels & equipment reliability services to the commercial, industrial, and automotive markets. RelaDyne’s distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern U.S. RelaDyne was formed in 1982 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 18 of 38
Sector (Distribution) 13 of 29
Type (Add-on Acquisition) 16 of 34
State (Texas) 4 of 6
Country (United States) 18 of 38
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Hager Oil

Jasper, Alabama, United States

Hager Oil Co., Inc. is a distribution company that specializes in lubricants, greases, hydraulics, coolants, fuels and chemical products. Hager Oil Co., Inc. was established in 1954 and is headquartered in Jasper, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-25 Conservancy Oil Group

Albuquerque, New Mexico, United States

Conservancy Oil Group is a distributor of lubricants, DEF and related products. Conservancy Oil Group was established in 1936 and is based in Albuquerque, New Mexico.

Buy -

Seller(S) 1

SELLER

Wingate Partners

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Wingate Partners is a turnaround investment firm that purchases controlling stakes in troubled manufacturing, distribution and service businesses headquartered in the US. Wingate looks to acquire under-performing companies, profitable businesses in changing or out of favor industries, and companies with incomplete management teams. Target businesses typically have revenues between $50 and $250 million. Wingate will not invest in banking, insurance, real estate, media, natural resources, and high technology. Wingate Partners was formed in 1987 and is based in Dallas, Texas.


DEAL STATS #
Overall 18 of 22
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 9 of 10
State (Texas) 6 of 7
Country (United States) 18 of 22
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Binswanger Glass

Memphis, Tennessee, United States

Binswanger Glass is a provider of repair, replacement, remodeling as well as new construction and installation services for a full suite of architectural glass and aluminum products, serving commercial, residential, and automotive aftermarket customers. Binswanger Glass was formed in 1872 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Nekoosa

Nekoosa, Wisconsin, United States

Nekoosa is a provider of specialty-engineered papers and films for the graphics and commercial print markets. The company's expertise spans coating, converting, and custom plastic extrusion capabilities, with a product offering that, includes application tapes, specialty synthetic papers, carbonless papers, and capping films. The Nekoosa family of brands includes Nekoosa Coated Products, RTape Corp., CET Films, and ClingZ. Nekoosa was formed in 2005 and is based in Nekoosa, Wisconsin.

Sell -