M&A Deal Summary

SK Capital Partners Acquires Composites & Fuel Containment Division

On July 29, 2024, private equity firm SK Capital Partners acquired machinery company Composites & Fuel Containment Division from Parker Hannifin

Acquisition Highlights
  • This is SK Capital Partners’ 1st transaction in the Machinery sector.
  • This is SK Capital Partners’ 27th transaction in the United States.
  • This is SK Capital Partners’ 2nd transaction in Kentucky.

M&A Deal Summary

Date 2024-07-29
Target Composites & Fuel Containment Division
Sector Machinery
Buyer(s) SK Capital Partners
Sellers(s) Parker Hannifin
Deal Type Divestiture

Target

Composites & Fuel Containment Division

Erlanger, Kentucky, United States
Composites & Fuel Containment Division is a manufacturer of composites, fuel tanks, and bladders. Composites & Fuel Containment Division is based in Erlanger, Kentucky.

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Buyer(S) 1

Buyer

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.


DEAL STATS #
Overall 40 of 40
Sector (Machinery) 1 of 1
Type (Divestiture) 16 of 16
State (Kentucky) 2 of 2
Country (United States) 27 of 27
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-25 Foremark Performance Chemicals

League City, Texas, United States

Foremark Performance Chemicals is a manufacturer and commercializes formaldehyde, urea-formaldehyde concentrate, and MEA Triazine. Foremark Performance Chemicals was founded in 1975 and is based in League City, Texas.

Sell -

Seller(S) 1

SELLER

Parker Hannifin

Cleveland, Ohio, United States

Category Company
Founded 1917
Sector Machinery
Employees50,520
Revenue 19.9B USD (2024)
DESCRIPTION
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.

Parker-Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. Parker Hannifin was formed in 1917 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 12 of 12
Sector (Machinery) 1 of 1
Type (Divestiture) 12 of 12
State (Kentucky) 1 of 1
Country (United States) 11 of 11
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Filter Resources

Pasadena, Texas, United States

Filter Resources distributes process filtration products for the downstream O&G, petrochemical, and specialty chemical markets, offering a complete range of liquid and air process filtration solutions. Filter Resources is based in Pasadena, Texas.

Sell -