M&A Deal Summary

RPM International Acquires Legend Brands

On October 26, 2011, RPM International acquired manufacturer Legend Brands from Endeavour Capital and Blue Point Capital Partners for 70M USD

Acquisition Highlights
  • This is RPM International’s 2nd transaction in the Manufacturing sector.
  • This is RPM International’s largest (disclosed) transaction.
  • This is RPM International’s 3rd transaction in the United States.
  • This is RPM International’s 1st transaction in Washington.

M&A Deal Summary

Date 2011-10-26
Target Legend Brands
Sector Manufacturing
Buyer(s) RPM International
Sellers(s) Endeavour Capital
Blue Point Capital Partners
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Legend Brands

Burlington, Washington, United States
Legend Brands is the leading manufacturer of restorative drying products for the water damage restoration industry with over 60% market share in the U.S.

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Buyer(S) 1

Buyer

RPM International

Medina, Ohio, United States

Category Company
Founded 1947
Sector Chemicals
Employees17,274
Revenue 7.3B USD (2023)
DESCRIPTION

RPM International manufactures, markets, and sells specialty chemical products for industrial and consumer markets in the United States and internationally. RPM International was founded in 1947 and is based in Medina, Ohio.


DEAL STATS #
Overall 13 of 40
Sector (Manufacturing) 2 of 5
Type (Add-on Acquisition) 13 of 37
State (Washington) 1 of 1
Country (United States) 3 of 20
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-10 Hummervoll Industribelegg AS

Bergen, Norway

Hummervoll Industribelegg AS is a supplier and installer of industrial flooring systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 Viapol

Cacapava,, Brazil

Viapol Ltda. (Viapol), is a Brazilian manufacturer and marketer of building materials and construction products.

Buy -

Seller(S) 2

SELLER

Endeavour Capital

Portland, Oregon, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 925M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Endeavour Capital LLC is a private equity firm that targets service and manufacturing companies headquartered in the Western United States. Endeavour looks to invest with and an enterprise value of $25 -$250 million with an EBITDA of $5-$50 million. Prospective companies are generally profitable with at least $5 million of EBITDA. Supported investment situations include growth capital financings, industry consolidations, management acquisitions, recapitalizations, and ownership transfers. The firm invests in the range of $25-$150 million per transaction. Areas Endeavour will not invest include real estate and emerging technology. Endeavour Capital was formed in 1991 and is based in Portland, Oregon with additional offices in Seattle, Washington, and Los Angeles, California.


DEAL STATS #
Overall 11 of 32
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 5 of 15
State (Washington) 1 of 5
Country (United States) 11 of 31
Year (2011) 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 K2 Insurance

San Diego, California, United States

K2 Insurance is an insurance services holding company, which owns a diverse group of MGAs that underwrite and distribute specialty property and casualty insurance products. K2 Insurance was founded in 2011 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Vigor Industrial

Portland, Oregon, United States

Vigor Industrial is a diversified industrial business specializing in shipbuilding, ship repair, and handling important, complex projects in support of energy generation, the nation’s infrastructure, and national defense. With a deep respect for people and the planet, the company strives to be a positive, regenerative force for good environmentally, in the lives of its employees and in the community. Vigor was formed in 1916 and is based in Portland, Oregon.

Buy -
SELLER

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $7 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.


DEAL STATS #
Overall 15 of 36
Sector (Manufacturing) 2 of 5
Type (Add-on Acquisition) 4 of 10
State (Washington) 1 of 2
Country (United States) 13 of 33
Year (2011) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-14 CPP

Cleveland, Ohio, United States

CPP is an aerospace casting manufacturer and offers both sand and investment casting capabilities. The company specializes in producing complex, mission-critical components for a variety of leading commercial and military aircraft and regional/business jets, as well as industrial gas turbines. CPP was founded in 1991 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-16 Selmet

Albany, Oregon, United States

Selmet, Inc. is a manufacturer of complex titanium investment castings for the aerospace and defense industries. Selmet possesses unique capabilities to process titanium and features a product offering that includes engine, airframe and other aircraft and military components. Selmet was founded in 1983 and is based in Albany, Oregon.

Buy -