M&A Deal Summary

The Anderson Group Acquires Fosbel

On May 13, 2019, private equity firm The Anderson Group acquired business services company Fosbel

Acquisition Highlights
  • This is The Anderson Group’s 1st transaction in the Business Services sector.
  • This is The Anderson Group’s 22nd transaction in the United States.
  • This is The Anderson Group’s 4th transaction in Ohio.

M&A Deal Summary
Date 2019-05-13
Target Fosbel
Sector Business Services
Buyer(s) The Anderson Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Fosbel

Cleveland, Ohio, United States
Fosbel is a provider of refractory maintenance and repair services to operators of heavy industrial ovens and furnaces in the coke and glass production industries. Fosbel Holdings was founded in 1981 and is based in Cleveland, Ohio.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

The Anderson Group

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
Size Small
Type Sector Agnostic
DESCRIPTION

The Anderson Group is a private equity firm focused on acquiring US-based companies at the lower end of the middle-market. While Anderson will consider divestitures, generational sales, cash flow transactions, and leveraged recapitalizations, the Firm prefers investing in distressed businesses needing operational improvement. Target companies should have at least $10 million in revenue and $1 million in EBITDA (no minimum EBITDA in restructuring situations). Anderson is a generalist investor, however, the Firm avoids technology, natural resources or retail businesses. The Anderson Group was formed in 1985 and is based in St. Petersburg, Florida.

DEAL STATS #
Overall 22 of 25
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 14 of 15
State (Ohio) 4 of 4
Country (United States) 22 of 25
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 Olympic Aviation

Cerritos, California, United States

Olympic Aviation is a distributor and exporter specializing in the sale of government certified aircraft replacement parts, components, and chemicals. Olympic Aviation was founded in 1968 and is based in Cerritos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 Aerial Wireless Services

Bellingham, Massachusetts, United States

Aerial Wireless Services LLC is a regional provider of wireless communication infrastructure construction and maintenance services. Aerial Wireless Services was formed in 2013 and is based in Bellingham, Massachusetts.

Sell -
Mergr

Product

Company

Legal