M&A Deal Summary

Sulzer Acquires JWC Environmental

On December 21, 2017, Sulzer acquired machinery company JWC Environmental from Windjammer Capital for 215M USD

Acquisition Highlights
  • This is Sulzer’s 6th transaction in the Machinery sector.
  • This is Sulzer’s 3rd largest (disclosed) transaction.
  • This is Sulzer’s 7th transaction in the United States.
  • This is Sulzer’s 1st transaction in California.

M&A Deal Summary

Date 2017-12-21
Target JWC Environmental
Sector Machinery
Buyer(s) Sulzer
Sellers(s) Windjammer Capital
Deal Type Add-on Acquisition
Deal Value 215M USD

Target

JWC Environmental

Costa Mesa, California, United States
JWC Environmental LLC is a manufacturer of 200 highly engineered variations of grinding and solids separation equipment used primarily in wastewater treatment applications. JWC Environmental was founded in 1979 and is based in Costa Mesa, California.

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Buyer(S) 1

Buyer

Sulzer

Winterthur, Switzerland

Category Company
Founded 1834
Sector Energy Services and Equipment
Employees13,409
Revenue 3.3B CHF (2023)
DESCRIPTION

Sulzer is an entity which specializes in pumping solutions and rotating equipment maintenance and services as well as separation, reaction, and mixing technology. Sulzer serves clients worldwide through a network of more than 150 production and service sites and has a strong footprint in emerging markets. Sulzer was founded in 1834 and is based in Winterthur, Switzerland.


DEAL STATS #
Overall 25 of 26
Sector (Machinery) 6 of 6
Type (Add-on Acquisition) 19 of 20
State (California) 1 of 1
Country (United States) 7 of 7
Year (2017) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-04 GEKA

Bechhofen, Germany

GEKA is a manufacturing of premium packaging and application systems for the cosmetics industry with a focus on brushes and applicators for mascara and eye liners.

Buy €260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Nordic Water Products AB

Mölndal, Sweden

Nordic Water Products offers equipment and systems for drinking water and wastewater treatment for wastewater treatment plants and the process industry. The company supplies both single components and customized solutions to customers globally. Nordic Water Products is based in Mölndal, Sweden.

Buy kr1.2B

Seller(S) 1

SELLER

Windjammer Capital

Newport Beach, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Windjammer Capital Investors is a private investment firm that invests control equity, minority equity, and/or subordinated debt in growing middle-market businesses. The Firm seeks to invest between $50 and $200 million of equity or subordinated debt in companies that generate at least $8 million of EBITDA. Windjammer focuses on North American-based opportunities and prefers companies with scalable business models, differentiated products/services, and that operate in defensible markets. Broad sectors of interest include manufacturing, business services and value-added distribution. Windjammer does not invest in high technology, real estate, and financial services companies. Windjammer Capital Investors was formed in 1990 and has offices in Waltham, Massachusetts and Newport Beach, California.


DEAL STATS #
Overall 23 of 26
Sector (Machinery) 4 of 4
Type (Add-on Acquisition) 8 of 10
State (California) 4 of 4
Country (United States) 23 of 26
Year (2017) 2 of 2
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 itel

Jacksonville, Florida, United States

itel is an insurance service provider that helps property insurance companies effectively settle claims worldwide. itel is committed to custom-fitting its service offering to meet the unique needs of each international insurance market. itel was founded in 1993 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-28 Rowmark

Findlay, Ohio, United States

Rowmark is a manufacturer of extruded plastic sheets for engraving applications. The Company supplies of engravable plastic sheets for signage, engraving and awards markets and is the most recognized brand in the industry. Rowmark was formed in 1987 and is based in Findlay, Ohio.

Buy -