M&A Deal Summary

SunSource Acquires Ryan Herco Flow Solutions

On April 30, 2018, SunSource acquired distribution company Ryan Herco Flow Solutions from Greenbriar Equity Group

Acquisition Highlights
  • This is SunSource’s 2nd transaction in the Distribution sector.
  • This is SunSource’s 2nd transaction in the United States.
  • This is SunSource’s 1st transaction in California.

M&A Deal Summary

Date 2018-04-30
Target Ryan Herco Flow Solutions
Sector Distribution
Buyer(s) SunSource
Sellers(s) Greenbriar Equity Group
Deal Type Add-on Acquisition
Advisor(s) Harris Williams & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Ryan Herco Flow Solutions

Burbank, California, United States
Ryan Herco Flow Solutions, Inc. is a distributor of corrosion-resistant fluid handling, filtration and flow control products in the United States with a growing presence in Asia. Ryan Herco Flow Solutions was founded in 1948 and is based in Burbank, California.

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Buyer(S) 1

Buyer

SunSource

Addison, Illinois, United States

Category Company
Founded 2001
Sector Distribution
DESCRIPTION

SunSource is a value-added distributor of fluid power and motion control technologies in North America. As a technically-focused distributor, SunSource serves as an extension of its customers' design and engineering teams and its suppliers' sales forces, delivering innovative solutions that lower total costs and streamline supply chains. The Company operates through four highly focused strategic business units that provide tailored solutions for the unique needs of its Industrial, Mobile, Service & Repair and Process Solutions customers. SunSource was founded in 2001 and is based in Addison, Illinois.


DEAL STATS #
Overall 2 of 3
Sector (Distribution) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-02 George W. Warden

Seattle, Washington, United States

George W. Warden Co., Inc. (dba Warden Fluid Dynamics or “Warden”), is a distributor of fluid power products and systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 The United Distribution Group

Bristol, Tennessee, United States

The United Distribution Group, Inc. is a distributor of specific and general line products, custom hose fabrication and factory-authorized repair and maintenance services to energy-related and industrial markets, including: oil & gas, mining, power generation, petro-chemical, agriculture, marine and various other related industries.

Buy -

Seller(S) 1

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.


DEAL STATS #
Overall 13 of 26
Sector (Distribution) 4 of 4
Type (Add-on Acquisition) 6 of 12
State (California) 2 of 2
Country (United States) 12 of 22
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 OnTrac Final Mile

Vienna, Virginia, United States

OnTrac is the parcel carrier of choice for last-mile e-commerce deliveries that helps retailers and shippers build a competitive advantage through faster delivery times, lower costs, coast-to-coast coverage, and reliable on-time performance. OnTrac was founded in 1986 and is based in Vienna, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 World Freight

Roissy, France

World Freight is a Global Sales and Services Agents (“GSSA”) market. WFCI markets the cargo freight capacity of more than 190 airline customers serving every major air cargo market globally. It has played a signficant role in consolidating the GSSA market and operates through its subsidiaries including Air Logistics, Kales Group, ATC, Worldwide GSA, Hermes, and Platinum. World Freight was formed in 2004 and is based in Roissy, France.

Sell -