M&A Deal Summary

The Anderson Group and Nakashima Propeller Acquire Michigan Wheel

On September 1, 2009, private equity firm The Anderson Group and Nakashima Propeller acquired marine company Michigan Wheel

Acquisition Highlights
  • This is The Anderson Group’s 1st and Nakashima Propeller’s 1st transaction in the Marine sector.
  • This is The Anderson Group’s 9th and Nakashima Propeller’s 1st transaction in the United States.
  • This is The Anderson Group’s 2nd and Nakashima Propeller’s 1st transaction in Michigan.

M&A Deal Summary
Date 2009-09-01
Target Michigan Wheel
Sector Marine
Buyer(s) The Anderson Group
Nakashima Propeller
Deal Type Special Situations/Distressed

Target

Michigan Wheel

Grand Rapids, Michigan, United States
Michigan Wheel is a designer and manufacturer of inboard and outboard marine propellers. The company's high-quality, innovative products are marketed under both OEM and aftermarket brands such as Michigan Propellers, Federal Propellers, Gold Line, Hytorq, Apollo, Ballistic, Rapture, Vortex, and others. Michigan Wheel was founded in 1903 and is based in Grand Rapids, Michigan.

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Buyer(S) 2

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 9 of 25
Sector (Marine) 1 of 1
Type (Special Situations/Distressed) 2 of 3
State (Michigan) 2 of 2
Country (United States) 9 of 25
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Quality Logging

Midland, Texas, United States

Quality Logging is a provider of mud logging services, a form of energy exploration, to the oil and gas industry. Quality Logging manages one of the most technologically advanced and well-maintained fleets of logging trailers. Quality Logging was founded in 1980 and is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 Thayer Power and Communications

Pataskala, Ohio, United States

Thayer Power and Communications is a provider of utility lines and related wiring and construction services. Thayer maintains a reputation for reliable, quality construction and repair of power and communication lines primarily in the states. Thayer Power and Communications was founded in 1964 and is based in Pataskala, Ohio.

Buy -
Buyer

Nakashima Propeller

Okayama, Japan
Category Company
Founded 1926
Sector Marine
DESCRIPTION

Nakashima Propeller Co. Ltd. is a marine propulsion systems company with more than 80 years of operations. The company offers an expansive breadth of products to several marine markets, leveraging a long history of innovation and quality. Nakashima Propeller Co. Ltd. was founded in 1926 and is based in Okayama, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Mergr

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