M&A Deal Summary

TurboCombustor Technology Acquires Douglas Machine & Tool

On August 29, 2007, TurboCombustor Technology acquired aerospace company Douglas Machine & Tool from CAI Capital Partners and AE Industrial Partners

Acquisition Highlights
  • This is TurboCombustor Technology’s 1st transaction in the Aerospace sector.
  • This is TurboCombustor Technology’s 1st transaction in the United States.
  • This is TurboCombustor Technology’s 1st transaction in Ohio.

M&A Deal Summary
Date 2007-08-29
Target Douglas Machine & Tool
Sector Aerospace
Buyer(s) TurboCombustor Technology
Sellers(s) CAI Capital Partners
AE Industrial Partners
Deal Type Add-on Acquisition

Target

Douglas Machine & Tool

Cincinnati, Ohio, United States
Douglas Machine, based in Cincinnati, Ohio, was a leading manufacturer of industrial and aerospace gas turbine engine components. Widely considered to be the leading provider of drilling services to the turbine industry, Douglas Machine was named GE Power Systems' "Supplier of the Year" in 2002-2004. Its unique EDM process technology enables it to produce the lowest cost and highest quality precision components in the industry. An additional facility in Budapest, Hungary serves European customers.

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Buyer(S) 1

Buyer

TurboCombustor Technology

Stuart, Florida, United States
Category Company
Founded 1951
Sector Energy Services and Equipment
DESCRIPTION

TurboCombustor Technology is a manufacture of highly engineered products for the gas turbine engines used in commercial and military applications. Its products find their way into aviation, marine and land-based industrial markets.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1

Seller(S) 2

SELLER

CAI Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

CAI Capital Partners is a private equity firm that targets lower middle-market, profitable companies with $3 million or more of EBITDA. CAI Capital Partners has a special interest in founder-led business services or specialty manufacturing companies. CAI Capital Partners was formed in 1989 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 9 of 22
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 7 of 14
State (Ohio) 1 of 1
Country (United States) 2 of 9
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-23 GLM

Nisku, Alberta, Canada

GLM is engaged in the mechanical design and custom fabrication of steel tanks, vessels and process equipment. GLM derives a large part of its revenues by fabricating storage tanks or vessels for crude oil and refined petroleum products. It also designs and fabricates silos for solids handling systems in the coal, sand, and cement industries. With over 300 employees, GLM has production facilities in Edmonton and Grande Prairie, Alberta, and in Battleford, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-19 Tervita

Calgary, Alberta, Canada

Tervita is a North American environmental solutions provider. Its integrated earth, water, waste and resource solutions deliver safe and efficient results through all phases of a project by minimizing impact, maximizing returns. Tervita was founded in 1979 and is based in Calgary, Canada.

Buy $3.5B
SELLER

AE Industrial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 6.2B USD
Size Mega
Type Sector Focused
DESCRIPTION
AE Industrial Partners' headquarters in Boca Raton, Florida.
AE Industrial Partners' headquarters in Boca Raton, Florida.

AE Industrial Partners is a private equity firm focused on acquiring and investing in aerospace and industrial companies. The Firm specifically looks for established, profitable companies in the aircraft propulsion (turbojet, turbofan and turboprop aircraft engines) and power generation (industrial turbines) industries, as well as the manufacture of OEM and replacement parts, and aftermarket maintenance, repair and overhaul. AE Industrial Partners was formed in 1998 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 2 of 19
Sector (Aerospace) 2 of 6
Type (Add-on Acquisition) 2 of 11
State (Ohio) 1 of 2
Country (United States) 2 of 19
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-16 Grand Prairie Accessory Services

Grand Prairie, Texas, United States

Grand Prairie Accessory Services,provides comprehensive maintenance solutions for engine accessories related to the CF34, CFM56, CF6, CT7 and V2500 family of engines. Capabilities include fuel, oil, pneumatic, hydraulic and mechanical engine accessories for these and other aero and aero-derivative gas turbine engines.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 TurboCombustor Technology

Stuart, Florida, United States

TurboCombustor Technology is a manufacture of highly engineered products for the gas turbine engines used in commercial and military applications. Its products find their way into aviation, marine and land-based industrial markets.

Sell -
Mergr

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