M&A Deal Summary

Tricor Refining Acquires Golden Bear Oil Specialties

On July 27, 2001, Tricor Refining acquired energy services and equipment company Golden Bear Oil Specialties from Glencoe Capital

Acquisition Highlights
  • This is Tricor Refining’s 1st transaction in the Energy Services and Equipment sector.
  • This is Tricor Refining’s 1st transaction in the United States.
  • This is Tricor Refining’s 1st transaction in California.

M&A Deal Summary
Date 2001-07-27
Target Golden Bear Oil Specialties
Sector Energy Services and Equipment
Buyer(s) Tricor Refining
Sellers(s) Glencoe Capital
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Golden Bear Oil Specialties

Los Angeles, California, United States
Golden Bear Oil Specialties engages in production of high quality naphthenic lubricating and process oils, road rejuvenating agents, asphalt and specialty petroleum based chemicals. The Company produces over 300 naphthenic oil formations and 70 specialty road and surface treatment products. Naphthenic oil production includes lube base stocks, process oils, ink oils, mosquito larvicide retardant, cotton picker oils, refrigeration feedstock oils, and grease making compounds.

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Buyer(S) 1

Buyer

Tricor Refining

Bakersfield, California, United States
Category Company
Sector Manufacturing
DESCRIPTION

Tricor Refining LLC leading manufacturer of naphthenic oils and extender oils, as well as asphalt products.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1

Seller(S) 1

SELLER

Glencoe Capital

Manchester, New Hampshire, United States

Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Glencoe Capital is a private equity firm that invests in leveraged buyouts and recapitalizations of middle-market companies. Glencoe consists of Glencoe Capital Partners Funds which seeks North American businesses valued between $25 million and $125 million, and the Michigan Opportunities Fund which looks to invest in recapitalizations, buyouts, and growth equity transactions in Michigan. Sectors of interest include business and media services, financial services, food and consumer products, and industrials. Glencoe prefers platform companies to have at least $30 million of sales and EBITDA of at least $3 million. Glencoe Capital was formed in 1994 and is a unit of Leoville Holdings, an alternative investment manager. Glencoe Capital is based in Chicago with an additional office in Birmingham, Michigan.

DEAL STATS #
Overall 2 of 16
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (California) 1 of 2
Country (United States) 2 of 14
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 HD Supply Brafasco

Canada

HD Supply Brafasco is one of Canada’s most agile distributors of fasteners, tools, safety supplies, abrasives, paints and more.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-01 Bell and Howell

Durham, North Carolina, United States

Bell and Howell is a provider of outsourced maintenance services and solutions for highly complex automation equipment across a variety of end markets, including retail, e-commerce, digital print, logistics, robotics, and production mail. Utilizing over 800 highly skilled service engineers, the Company offers customized service plans, innovative technologies, and a robust support infrastructure that enable the technology and automation initiatives of enterprises and original equipment manufacturers across industries. Bell and Howell was founded in 1907 and is based in Durham, North Carolina.

Buy -
Mergr

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