M&A Deal Summary

The Carlyle Group and Stellex Capital Management Acquire ARMADA

On January 1, 2020, private equity firms The Carlyle Group and Stellex Capital Management acquired engineering company ARMADA

Acquisition Highlights
  • This is The Carlyle Group’s 1st and Stellex Capital Management’s 1st transaction in the Engineering sector.
  • This is The Carlyle Group’s 319th and Stellex Capital Management’s 10th transaction in the United States.
  • This is The Carlyle Group’s 2nd and Stellex Capital Management’s 1st transaction in Alabama.

M&A Deal Summary

Date 2020-01-01
Target ARMADA
Sector Engineering
Buyer(s) The Carlyle Group
Stellex Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

ARMADA

Spanish Fort, Alabama, United States
ARMADA is an independent provider specializing in preservation, structural and mechanical work, scaffolding/environmental containment, radiological and remediation services, staffing, and project management. ARMADA services the maritime, defense and industrial sectors. ARMADA is based in Spanish Fort, Alabama.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 664 of 749
Sector: Engineering M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 200 of 221
State: Alabama M&A 2 of 3
Country: United States M&A 319 of 350
Year: 2020 M&A 1 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 DEPT

Amsterdam, Netherlands

DEPT is a pioneering technology and marketing services company that creates end-to-end digital experiences for brands such as Google, KFC, Philips, Audi, Twitch, Patagonia, eBay, and more. DEPT merges creativity, technology, and data. DEPT was founded in 2015 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 On Location

New York, New York, United States

On Location is a media service provider specializes in custom domestic and international event and hospitality experiences in the worlds of sports and entertainment. On Location was founded in 2015 and is based in New York, New York.

Sell $650M
Buyer
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $75 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York, New York.


DEAL STATS #
Overall 12 of 39
Sector: Engineering M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 10
State: Alabama M&A 1 of 3
Country: United States M&A 10 of 29
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Vigor Industrial

Portland, Oregon, United States

Vigor Industrial is a diversified industrial business specializing in shipbuilding, ship repair, and handling important, complex projects in support of energy generation, the nation’s infrastructure, and national defense. With a deep respect for people and the planet, the company strives to be a positive, regenerative force for good environmentally, in the lives of its employees and in the community. Vigor Industrial was formed in 1916 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Maccaferri

Bologna, Italy

Maccaferri is a provider of environmental engineering solutions, design, and development of solutions within the civil engineering, geotechnical, and environmental construction market. The company's products represent a low carbon emissions and environmentally friendly alternative within the building materials space. It focuses on environmental solutions and supports the drive towards above-market average growth. Maccaferri was founded in 1879 and is based in Bologna, Italy.

Buy €9M