M&A Deal Summary

The Stephens Group Acquires Quality Valve

On December 8, 2022, family office The Stephens Group acquired distribution company Quality Valve from Pfingsten Partners

Acquisition Highlights
  • This is The Stephens Group’s 4th transaction in the Distribution sector.
  • This is The Stephens Group’s 47th transaction in the United States.
  • This is The Stephens Group’s 1st transaction in Alabama.

M&A Deal Summary
Date 2022-12-08
Target Quality Valve
Sector Distribution
Buyer(s) The Stephens Group
Sellers(s) Pfingsten Partners
Deal Type Secondary Buyout
Advisor(s) BlackArch (Financial)
Paul Hastings (Legal)

Target

Quality Valve

Mobile, Alabama, United States
Quality Valve is a distributor of OEM replacement parts for safety and relief valves repair companies. The company utilizes its significant product knowledge, industry-leading selection of parts and quick-turn capabilities to help customers react to valve repairs and ensure safety for end-users around world. Quality Valve was founded in 1994 and is based in Mobile, Alabama.

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Buyer(S) 1

Buyer

The Stephens Group

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor

Category Family Office
Founded 1933
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Stephens Group is a private investment firm focused on long-term investments in mid-sized companies. The Firm looks to partner with management teams when pursuing acquisitions. Sectors of interest include energy, energy services, business services, industrials, consumer products, consumer services, financial services, healthcare, technology, media, and communications. The Stephens Group was originally established in 1933 and is headquartered in Little Rock, Arkansas.

DEAL STATS #
Overall 50 of 52
Sector (Distribution) 4 of 5
Type (Secondary Buyout) 10 of 10
State (Alabama) 1 of 1
Country (United States) 47 of 49
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 DISCO

Austin, Texas, United States

Disco is a provider of software as a service solutions developed by lawyers for lawyers, DISCO is reinventing legal technology to automate and simplify complex and error prone tasks that distract from practicing law. Disco was founded in 2012 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 FloWorks

Pasadena, Texas, United States

FloWorks is a specialty distributor of critical flow control products and a provider of tailored technical solutions for MRO-focused applications. The Company serves customers across chemicals, downstream refining & renewables, high purity & sanitary, and other industrial end markets. Its product categories include valves & automation, corrosion-resistant flow control, rotating equipment, flanges, filters & purifiers, and instrumentation. FloWorks is based in Pasadena, Texas.

Sell -

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 39 of 40
Sector (Distribution) 6 of 6
Type (Secondary Buyout) 16 of 17
State (Alabama) 1 of 1
Country (United States) 39 of 40
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Full Spectrum Group

Laguna Hills, California, United States

Full Spectrum Group is an agnostic service provider for laboratory instruments, offering a full range of service contracts, preventative maintenance programs, calibration and validation, repair services, parts, and reconditioned instruments. Full Spectrum Group was founded in 1992 and is based in Pleasanton, California.

Sell $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Tempest

Santa Barbara, California, United States

Tempest is a national, multi-vendor provider of telecommunications equipment, repair and maintenance services, third-party logistics support, remote technical services and critical power solutions. The company's products and services are used in the wireless, wireline and rural telecommunications industries to support customer network maintenance, upgrades and expansions, shorten deployment timeframes and lower overall network maintenance costs. Tempest was founded in 2005 and is based in Santa Barbara, California.

Buy -
Mergr

Product

Company

Legal