M&A Deal Summary

Seaspan Acquires APR Energy

On November 21, 2019, Seaspan acquired energy services and equipment company APR Energy from ACON Investments and The Silverfern Group for 750M USD

Acquisition Highlights
  • This is Seaspan’s 1st transaction in the Energy Services and Equipment sector.
  • This is Seaspan’s 2nd largest (disclosed) transaction.
  • This is Seaspan’s 1st transaction in the United States.
  • This is Seaspan’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-11-21
Target APR Energy
Sector Energy Services and Equipment
Buyer(s) Seaspan
Sellers(s) ACON Investments
The Silverfern Group
Deal Type Add-on Acquisition
Deal Value 750M USD

Target

APR Energy

Jacksonville, Florida, United States
APR Energy provides rapidly deployable, large-scale power and fast-track mobile power to underserved markets and industries. APR Energy's mobile, turnkey power plants help run cities, countries, and industries around the world in both developed and developing markets. APR Energy was founded in 2001 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Seaspan

Hong Kong, China

Category Company
Founded 2005
Sector Marine
Employees4,100
Revenue 831M USD (2017)
DESCRIPTION

Seaspan is an independent owner, operator, and manager of containerships. The company provides high-quality, modern vessels with best-in-class operations and innovative ship design. Seaspan provides many of the world’s major container shipping liners with alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry-leading ship management services. Seaspan was founded in 2005 and is based in Hong Kong.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Greater China Intermodal Investments

Hong Kong, China

Greater China Intermodal Investments LLC is a maritime asset leasing company focused on industrial and intermodal assets related to and integral to growth in Greater China and the Asian region.

Buy $1.6B

Seller(S) 2

SELLER

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 20 of 31
Sector (Energy Services and Equipment) 3 of 4
Type (Add-on Acquisition) 10 of 16
State (Florida) 2 of 3
Country (United States) 13 of 21
Year (2019) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Germaine de Capuccini

Alicante, Spain

Germaine de Capuccini is a developer, producer, and supplier of specialized, professional skincare and cosmetic products. The Company’s customers include estheticians and dermatologists at full-service spas, day spas, beauty salons, hotels, and clinics. Germaine de Capuccini was founded in 1964 and is based in Alicante, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Pine Environmental Services

Windsor, New Jersey, United States

Pine Environmental Services is a provider of rental solutions for environmental test & measurement equipment, non-destructive testing equipment, and continuous emission stack testing equipment in North America. Pine offers a full suite of rentals, sales, and services solutions to its customers across 38 locations in the US and Canada. Pine Environmental Services was established in 1995 and is based in Windsor, New Jersey.

Buy -
DESCRIPTION

The Silverfern Group is an asset management firm focused on investing in private equity, real estate, and private debt transactions on behalf of institutional investors and single family offices. The Firm will consider opportunities across North/South America, Europe, and Asia. Within its private equity practice, Silverfern makes direct, co-control middle-market private equity investments requiring $25 to $150 million of equity per transaction. Sectors of interest include energy, financial services, food, hospitality, IT, power equipment rental, renewable energy, telecom, transportation, and waste management. The Silverfern Group was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 5 of 9
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (Florida) 1 of 1
Country (United States) 4 of 6
Year (2019) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 IKKS Group

Saint-Macaire-en-Mauges, France

IKKS Group is a provider of premium and affordable luxury apparel pieces for women, children, and men through the IKKS Women, IKKS Junior, IKKS Men, One Step, X and O, and I.Code brand names, offering creative and contemporary collections. IKKS Group was founded in 1986 and is based in Saint-Macaire-en-Mauges, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 Gordian Medical

Irvine, California, United States

Gordian Medical is a provider of advanced wound care, ostomy, urology, and tracheostomy supplies and services. AMT provides both critical care supplies and clinical support services to skilled nursing facilities and other post-acute care settings across the United States. The Company assists healthcare providers in managing the treatment of more than 250,000 wounds annually. Gordian Medical was founded in 1994 and is based in Irvine, California.

Buy -