M&A Deal Summary |
|
|---|---|
| Date | 2004-12-20 |
| Target | TransCore Holdings |
| Sector | Information Technology |
| Buyer(s) | Roper Technologies |
| Sellers(s) |
Highstar Capital
Eureka Equity Partners First Analysis KRG Capital Partners American Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 600M USD |
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| Category | Company |
|---|---|
| Founded | 1981 |
| Sector | Information Technology |
| Employees | 16,800 |
| Revenue | 6.2B USD (2023) |
Roper Technologies is a diversified technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Roper Technologies was founded in 1981 and is based in Sarasota, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 37 |
| Sector (Information Technology) | 1 of 6 |
| Type (Add-on Acquisition) | 5 of 37 |
| State (Pennsylvania) | 1 of 4 |
| Country (United States) | 4 of 32 |
| Year (2004) | 2 of 2 |
| Size (of disclosed) | 15 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-12-13 |
TransCore
Nashville, Tennessee, United States TransCore's expertise includes systems integration, design consulting, operations, maintenance, manufacturing, RFID and satellite communications technologies, and extensive Web-based logistics and transportation management systems. TransCore’s businesses are organized under two groups: intelligent transportation Systems and commercial technology. TransCore is the largest global manufacturer of transportation-based RFID technology with more than 46 million RFID tags and 67,000 readers deployed worldwide in various transportation applications such as electronic toll collection, traffic management, rail, truck, container, barge and intermodal tracking and monitoring, homeland security border control, airport ground transportation, parking, and secure vehicle access control. |
Buy | $600M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-07-20 |
CIVCO Holdings
Kalona, Iowa, United States CIVCO Holding, Inc., (“CIVCO”) CIVCO is a global leader in the design, manufacture and marketing of specialized accessories, equipment and supplies that complement ultrasound and minimally invasive surgery for critical diagnostic and therapeutic procedures. CIVCO partners with the world’s leading medical OEMs to design manufacture and distribute innovative accessories including ultrasound image-guided biopsy systems, infection control products (transducer covers and surgical covers) and stabilizing and positioning systems, enabling ultrasound-guided diagnostic and therapeutic procedures. The Company also distributes a complete line of imaging supplies including SONY and Mitsubishi printers and consumable print media, transmission gels and warmers, disinfectants, cleansers and soaking systems. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 7.8B USD |
| Size | Mega |
| Type | Sector Agnostic |
Highstar Capital is a private equity fund focused on investments in infrastructure related companies and assets. Highstar specifically targets businesses that deal in energy, transportation, waste management and water. The Firm will consider opportunities throughout North America and Europe. Highstar Capital was formerly known as AIG Highstar Capital. The Firm was formed in 2000 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 12 |
| Sector (Information Technology) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 4 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 11 |
| Year (2004) | 1 of 1 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-06-01 |
North Star Generation Services
Houston, Texas, United States Northern Star Generation LLC ("NSG") is a privately held power generation company dedicated to providing reliable service to its customers, most of whom hold long term contracts with NSG for power generation capacity and energy production. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-04-19 |
InterGen NV
Burlington, Massachusetts, United States InterGen NV is a global power generation platform in Europe, Australasia and Mexico with 12 power plants representing an equity share of 6,252 MW of production capacity. |
Buy | $1.8B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Small |
| Type | Sector Agnostic |
Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 23 |
| Sector (Information Technology) | 1 of 3 |
| Type (Add-on Acquisition) | 2 of 12 |
| State (Pennsylvania) | 3 of 9 |
| Country (United States) | 4 of 23 |
| Year (2004) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-08-30 |
Elite Health Solutions
Dunmore, Pennsylvania, United States Elite Health Solutions, through its operating subsidiary Lackawanna Mobile Diagnostic Services, is a regional provider of portable x-ray and related mobile diagnostic health services. Lackawanna serves nursing homes, hospitals, physician offices, private homes and correctional facilities from operating hubs in northeast Pennsylvania, the greater Philadelphia area and West Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-12-07 |
C/G Electrodes
Saint Marys, Pennsylvania, United States C/G Electrodes is a leading manufacturer of consumable graphite electrodes used in the electric arc furnaces of steel mini-mills. These electrodes allow production temperatures to reach 5000 degrees Fahrenheit, believed to be the highest operating temperature in any industrial manufacturing process in the world. Cyprium Partners’ investment facilitated the buyout of minority shareholders of C/G. |
Sell | $8M |
| Category | Venture Capital Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 800M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 71 |
| Sector (Information Technology) | 6 of 13 |
| Type (Add-on Acquisition) | 19 of 51 |
| State (Pennsylvania) | 1 of 2 |
| Country (United States) | 23 of 70 |
| Year (2004) | 4 of 4 |
| Size (of disclosed) | 5 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-12-13 |
TransCore
Nashville, Tennessee, United States TransCore's expertise includes systems integration, design consulting, operations, maintenance, manufacturing, RFID and satellite communications technologies, and extensive Web-based logistics and transportation management systems. TransCore’s businesses are organized under two groups: intelligent transportation Systems and commercial technology. TransCore is the largest global manufacturer of transportation-based RFID technology with more than 46 million RFID tags and 67,000 readers deployed worldwide in various transportation applications such as electronic toll collection, traffic management, rail, truck, container, barge and intermodal tracking and monitoring, homeland security border control, airport ground transportation, parking, and secure vehicle access control. |
Sell | $600M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-01-01 |
Magnify Holdings
Albany, New York, United States Magnify developed advanced data mining software targeted at the financial services and insurance industries. The company's offerings included applications addressing fraud and bankruptcy in the credit card market and loss reduction in the insurance industry. Magnify's Pattern software excelled at identifying subtle relationships contained in data and at automatically producing run-time models that enabled companies to take relevant actions to improve profitability. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 4.4B USD |
| Size | Large |
| Type | Sector Agnostic |
KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 41 |
| Sector (Information Technology) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 21 |
| State (Pennsylvania) | 1 of 3 |
| Country (United States) | 5 of 40 |
| Year (2004) | 4 of 4 |
| Size (of disclosed) | 5 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-12-13 |
TransCore
Nashville, Tennessee, United States TransCore's expertise includes systems integration, design consulting, operations, maintenance, manufacturing, RFID and satellite communications technologies, and extensive Web-based logistics and transportation management systems. TransCore’s businesses are organized under two groups: intelligent transportation Systems and commercial technology. TransCore is the largest global manufacturer of transportation-based RFID technology with more than 46 million RFID tags and 67,000 readers deployed worldwide in various transportation applications such as electronic toll collection, traffic management, rail, truck, container, barge and intermodal tracking and monitoring, homeland security border control, airport ground transportation, parking, and secure vehicle access control. |
Sell | $600M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-06-01 |
Varel Energy Solutions
Houston, Texas, United States Varel Energy Solutions is a manufacturer and supplier of high-quality roller cone and fixed cutter drill bits. The company's proprietary design capabilities, efficient manufacturing, and global sales force uniquely position to provide drill bits that deliver outstanding performance and value to customers. VIES is comprised of three business units: Varel Oil & Gas Drill Bits, Varel Mining, and Downhole Products. Varel Energy Solutions was founded in 1947 and is based in Houston, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 22.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 194 |
| Sector (Information Technology) | 1 of 10 |
| Type (Add-on Acquisition) | 8 of 87 |
| State (Pennsylvania) | 3 of 11 |
| Country (United States) | 16 of 186 |
| Year (2004) | 7 of 7 |
| Size (of disclosed) | 9 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-12-16 |
eLynx
Cincinnati, Ohio, United States eLynx, Ltd. is a cloud based secure electronic document delivery ('EDD') solution provider to the mortgage industry. |
Buy | $39M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-12-22 |
Qualitor
Southfield, Michigan, United States Qualitor is a supplier of branded aftermarket safety and wear products for the automotive aftermarket. Qualitor provides wiper blades and auto care accessories, as well as brake hardware and related components. Qualitor was founded in 1999 and is based in Southfield, Michigan. |
Buy | - |
