M&A Deal Summary

Safway Services Acquires North American Coatings

On October 16, 2012, Safway Services acquired chemicals company North American Coatings from Valor Equity Partners

Acquisition Highlights
  • This is Safway Services’ 1st transaction in the Chemicals sector.
  • This is Safway Services’ 4th transaction in the United States.
  • This is Safway Services’ 1st transaction in Illinois.

M&A Deal Summary

Date 2012-10-16
Target North American Coatings
Sector Chemicals
Buyer(s) Safway Services
Sellers(s) Valor Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Edgeview Partners LP
Piper Sandler & Co. (Financial)
Vedder Price P.C. (Legal)

Target

North American Coatings

Mokena, Illinois, United States
North American Coatings is a provider of performance coatings. This includes painting and fireproofing material together with associated services for industrial and commercial industries. North American Coatings is based in Mokena, Illinois.

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Buyer(S) 1

Buyer

Safway Services

Waukesha, Wisconsin, United States

Category Company
Sector Business Services
Revenue 776M USD (2014)
DESCRIPTION

Safway Services LLC is a provider of scaffolding services and access solutions in North America for the industrial and commercial construction markets. The Company provides a comprehensive portfolio of services, including the design, engineering, erection, dismantling, rental and sale of scaffolding throughout the U.S. and Canada. In the industrial market, the Company services multiple end-markets, including refining, power generation, Canadian Oil Sands, chemical and pulp & paper.


DEAL STATS #
Overall 4 of 11
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 4 of 11
State (Illinois) 1 of 1
Country (United States) 4 of 9
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-21 Waco Equipment

Waukesha, Wisconsin, United States

Waco Equipment Co. (dba Waco Scaffolding) sells, rents, assembles and dismantles scaffolding and related access products for the construction and shipbuilding industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-24 Nel-Tekk Industrial Specialties

Sarnia, Ontario, Canada

Nel-Tekk Industrial Specialties, Inc. provides a range of insulation-related services including removal and re-installation of all types of insulation systems, asbestos, mould and lead abatement, identification surveys, insulation system and covering inspections, and installation of fireproofing, fire-stopping and smoke-sealing systems.

Buy -

Seller(S) 1

SELLER

Valor Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Valor Equity Partners is an operationally focused growth equity firm focused on acquiring control or non-control positions in high growth companies across various stages of development. Area of interest include industrial products, manufacturing, infrastructure, industrial maintenance, energy services, healthcare, and business services. Valor Equity Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 10
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Illinois) 1 of 1
Country (United States) 5 of 10
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-29 SolarCity

San Mateo, California, United States

SolarCity is a provider of clean energy solutions. The Company delivers renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity was formed in 2006 and is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-13 SolarCity

San Mateo, California, United States

SolarCity is a provider of clean energy solutions. The Company delivers renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity was formed in 2006 and is based in San Mateo, California.

Sell -