M&A Deal Summary

RIG Construction Acquires Paddock Pool Construction

On May 8, 2014, RIG Construction acquired construction company Paddock Pool Construction from Lincolnshire Management

Acquisition Highlights
  • This is RIG Construction’s 1st transaction in the Construction sector.
  • This is RIG Construction’s 1st transaction in the United States.
  • This is RIG Construction’s 1st transaction in Arizona.

M&A Deal Summary
Date 2014-05-08
Target Paddock Pool Construction
Sector Construction
Buyer(s) RIG Construction
Sellers(s) Lincolnshire Management
Deal Type Add-on Acquisition

Target

Paddock Pool Construction

Scottsdale, Arizona, United States
Paddock Pool Construction Co. is a provider of pool construction services and related backyard accessories in the Arizona and Nevada markets. Paddock offers its customers a unique combination of pool, spa and backyard design and construction services and an unmatched retail selection of backyard items including pool supplies, outdoor furniture, barbecues, outdoor lighting, and related accessories.

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Buyer(S) 1

Buyer

RIG Construction

Mesa, Arizona, United States
Category Company
Founded 1977
Sector Construction
DESCRIPTION

RIG Construction, Inc., through its subsidiaries, installs, repairs, and maintains pools, water features, and landscapes.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Lincolnshire Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lincolnshire Management, Inc. (LMI) is a private equity firm focused on acquiring small and mid-sized companies in partnership with management. LMI typically targets companies with the majority of business conducted within the US. Prospective companies also have cash-flows of $5 to $50 million and significant opportunities for growth, either internally or through acquisitions. Target transaction situations include corporate divestitures, selling shareholders, and owners desiring liquidity. Lincolnshire Management was formed in 1986 and has office in New York City.

DEAL STATS #
Overall 13 of 23
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 8 of 9
State (Arizona) 1 of 1
Country (United States) 13 of 22
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-24 Holley

Bowling Green, Kentucky, United States

Holley is a designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers the largest portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley was founded in 1903 and is based in Bowling Green, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-21 Amports

Jacksonville, Florida, United States

Amports is a port owner and infrastructure provider of automotive-vehicle processing services in North America. Amports was founded in 1995 and is based in Jacksonville, Florida.

Buy -
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