M&A Deal Summary

Tyman Acquires Ashland Hardware Systems

On March 7, 2018, Tyman acquired building materials company Ashland Hardware Systems from Nova Capital Management for 101M USD

Acquisition Highlights
  • This is Tyman’s 6th transaction in the Building Materials sector.
  • This is Tyman’s 3rd largest (disclosed) transaction.
  • This is Tyman’s 4th transaction in the United States.
  • This is Tyman’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-03-07
Target Ashland Hardware Systems
Sector Building Materials
Buyer(s) Tyman
Sellers(s) Nova Capital Management
Deal Type Add-on Acquisition
Deal Value 101M USD

Target

Ashland Hardware Systems

Irving, Texas, United States
Ashland Hardware Systems, Inc. is a provider of residential window and door hardware to the fenestration industry. Company supply hardware to hundreds of wood and vinyl window/door fabricators throughout North America, including virtually all nationally recognized brands.

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Buyer(S) 1

Buyer

Tyman

London, United Kingdom
Category Company
Founded 1993
Sector Building Materials
Employees4,300
Revenue 658M GBP (2023)
DESCRIPTION

Tyman is a provider of engineered components to the door and window industry. Tyman was founded in 1993 and is based in London, the United Kingdom.

DEAL STATS #
Overall 7 of 8
Sector (Building Materials) 6 of 7
Type (Add-on Acquisition) 5 of 6
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2018) 1 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 The BILCO

New Haven, Connecticut, United States

The BILCO Co. is a provider of specialty access products for both residential and commercial markets.

Buy $71M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 Zoo Hardware

Cumbria, United Kingdom

Zoo Hardware Ltd. is a designer and supplier of architectural hardware for the UK residential and commercial markets, principally sold through the trade distribution channel. Zoo Hardware is based in Carlisle, was founded by Robin Graham in 2010 and has grown rapidly since inception.

Buy £19M

Seller(S) 1

SELLER

Nova Capital Management

London, United Kingdom

Investor Investor Investor Investor Investor

Category Secondary Investor
Founded 2002
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nova Capital Management Limited is a private equity firm that highly focuses on corporate and private equity portfolios companies located in the UK, US and Europe. The firm looks to Invest in companies with a enterprise value of £ 50 – 500 million. Areas of interest include engineering & manufacturing, healthcare & pharmaceuticals, services & distribution, technology and media & telecoms. Nova Capital Management Limited is formed in 2002 and is based in London.

DEAL STATS #
Overall 32 of 37
Sector (Building Materials) 2 of 3
Type (Add-on Acquisition) 13 of 15
State (Texas) 1 of 1
Country (United States) 9 of 14
Year (2018) 1 of 4
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Sterling Thermal Technology

Buckinghamshire, United Kingdom

Sterling Thermal Technology is a manufacturer of comprehensive range of heat exchangers in the UK. Sterling Thermal Technology has experience in many sectors of industry including pharmaceuticals, rail and transportation, defence and oil and gas. Sterling Thermal Technology was founded in 1904 and is based in Buckinghamshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 MC Electronics

Hollister, California, United States

MC Electronics is a contract manufacturer of mission-critical custom cables, wire harnesses, and electromechanical assemblies for the medical equipment industry. Utilizing a flexible assembly cell manufacturing model, MC Electronics focuses on low volume, high mix products. With facilities in both Hollister, California and Juarez, Mexico, MC Electronics utilizes its strategic footprint to serve a blue-chip customer base.

Sell -
Mergr

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