M&A Deal Summary

Safety Products Group Acquires BlueWater Mfg.

On February 3, 2014, Safety Products Group acquired manufacturer BlueWater Mfg. from Akoya Capital Partners and Gemini Investors

Acquisition Highlights
  • This is Safety Products Group’s 1st transaction in the Manufacturing sector.
  • This is Safety Products Group’s 1st transaction in the United States.
  • This is Safety Products Group’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2014-02-03
Target BlueWater Mfg.
Sector Manufacturing
Buyer(s) Safety Products Group
Sellers(s) Akoya Capital Partners
Gemini Investors
Deal Type Add-on Acquisition

Target

BlueWater Mfg.

Chaska, Minnesota, United States
BlueWater Mfg., Inc. is a manufacturer of pre-engineered, modular guardrail systems. BlueWater has been manufacturing the easy-to-install SafetyRail 2000 guardrail which has become the leading product for non-penetrating fall protection systems for roof edge safety applications. BlueWater was founded in 2001 and is based in Chaska, Minnesota.

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Buyer(S) 1

Buyer

Safety Products Group

Chaska, Minnesota, United States

Category Company
Founded 2012
Sector Building Materials
DESCRIPTION

Safety Products Group (SPG) is an operator in the passive fall protection systems. Safety Products Group (SPG) was founded in 2012 and is based in Luxembourg.


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

Seller(S) 2

DESCRIPTION

Akoya Capital Partners is a private equity firm focused on acquiring profitable US-based middle-market companies with $25 to $200 million in revenue. The Firm generally pursues privately-owned companies, especially family-owned businesses. Sectors of interest include chemicals, food, information services, consumer products, industrial products, and industrial distribution. Akoya Capital Partners was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 11
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 2 of 8
State (Minnesota) 1 of 1
Country (United States) 2 of 11
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-15 BlueWater Mfg.

Chaska, Minnesota, United States

BlueWater Mfg., Inc. is a manufacturer of pre-engineered, modular guardrail systems. BlueWater has been manufacturing the easy-to-install SafetyRail 2000 guardrail which has become the leading product for non-penetrating fall protection systems for roof edge safety applications. BlueWater was founded in 2001 and is based in Chaska, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-05 Edge Adhesives

Forth Worth, Texas, United States

Edge Adhesives is a developer and manufacturer of innovative adhesives, sealants, tapes, and related solutions used in building products, transportation, electrical, HVAC, and other markets. Edge Adhesives was founded in 1980 and is based in Forth Worth, Texas.

Buy -
SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 21 of 48
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 7 of 23
State (Minnesota) 3 of 5
Country (United States) 21 of 48
Year (2014) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 BFC Solutions

Nashville, Tennessee, United States

BFC Solutions is a provider of HVAC preventative maintenance products and services. BFC Solutions was founded in 1961 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-07 Ultracor

Stockton, California, United States

Ultracor is a manufacturer of high-performance composite materials and systems for the space and aerospace manufacturers with high-quality specialty honeycomb materials and systems. Ultracor was founded in 1995 and is based in Stockton, California.

Buy -