M&A Deal Summary

Right Lane Capital Acquires The Kirby

On July 22, 2021, private equity firm Right Lane Capital acquired consumer products company The Kirby from Berkshire Hathaway

Acquisition Highlights
  • This is Right Lane Capital’s 1st transaction in the Consumer Products sector.
  • This is Right Lane Capital’s 5th transaction in the United States.
  • This is Right Lane Capital’s 1st transaction in Ohio.

M&A Deal Summary

Date 2021-07-22
Target The Kirby
Sector Consumer Products
Buyer(s) Right Lane Capital
Sellers(s) Berkshire Hathaway
Deal Type Divestiture

Target

The Kirby

Cleveland, Ohio, United States
The Kirby Co. is a manufacturer of home cleaning systems and related accessories. The Kirby Co. was founded in 1906 and is based in Cleveland, Ohio.

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Buyer(S) 1

DESCRIPTION

Right Lane Capital is a private holding company focused on acquiring lower-middle market ($5 to $100 million of revenue) companies with no investment horizon. The Firm prefers industrial businesses including equipment manufacturing, component manufacturing, industrial services, specialty distribution, agriculture, and power generation. Prospective transaction situations include take privates, buyouts, divestitures, distressed situations, and recapitalizations. Right Lane Capital is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 6 of 9
Sector (Consumer Products) 1 of 1
Type (Divestiture) 3 of 6
State (Ohio) 1 of 1
Country (United States) 5 of 7
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 Belt Concepts

Spring Hope, North Carolina, United States

Belt Concepts of America manufactures lightweight PVC conveyor belts out of its 150,000 square foot factory. The company is known for providing both standard and customized conveyor belting solutions for a wide variety of industries including food processing, package and baggage handling, recycling, agriculture & others. Belt Concepts is based in Spring Hope, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 TerraSource Global

St. Louis, Missouri, United States

TerraSource Global is a manufacturer of high-quality material sizing equipment based on the Gundlach, Jeffrey Rader and Pennsylvania Crusher brands. TerraSource Global is based in St. Louis, Missouri.

Buy -

Seller(S) 1

SELLER

Berkshire Hathaway

Omaha, Nebraska, United States

Category Company
Founded 1998
Sector Diversified
Employees396,500
Revenue 439.3B USD (2023)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-05 Dominion Energy - Gas Transmission & Storage Segment Assets

Richmond, Virginia, United States

Dominion Energy, Inc.'s Gas Transmission & Storage segment assets include more than 7,700 miles of natural gas storage and transmission pipelines and about 900 billion cubic feet of gas storage.

Buy $9.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Paytm

Noida, India

Paytm is a Mobile Value Added Service company through its mobile content, messaging, commerce services, and made-to-order network applications, it offers new revenue streams to telecom operators. Working closely with service providers and enterprises, the company offers customer lifecycle management and mobile marketing to enhance profitability. Paytm is based in Noida, India.

Sell -