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M&A Deal Summary

U.S. Water Services Acquires Tonka Equipment Co.

On September 8, 2017, U.S. Water Services acquired machinery company Tonka Equipment Co. from Meriwether Capital

Acquisition Highlights
  • This is U.S. Water Services’ 1st transaction in the Machinery sector.
  • This is U.S. Water Services’ 4th transaction in the United States.
  • This is U.S. Water Services’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2017-09-08
Target Tonka Equipment Co.
Sector Machinery
Buyer(s) U.S. Water Services
Sellers(s) Meriwether Capital
Deal Type Add-on Acquisition

Target

Tonka Equipment Co.

Plymouth, Minnesota, United States
Tonka Equipment Co., Inc. (Tonka Water) is an engineer customize water treatment solutions for a variety of applications including surface water, groundwater, water reuse, industrial process water, remediation, and advanced wastewater treatment. Tonka Equipment Co was founded in 1956 and is based in Plymouth, Minnesota.

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Buyer(S) 1

Buyer

U.S. Water Services

St. Michael, Minnesota, United States
Category Company
Founded 1997
Sector Environmental
Revenue 120M USD (2014)
DESCRIPTION

U.S. Water Services is a provider of integrated industrial solutions for water treatment. U.S. Water Services was founded in 1997 and is based in St. Michael, Minnesota.

DEAL STATS #
Overall 4 of 4
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-18 Water & Energy Systems Technology

Santa Fe Springs, California, United States

Water & Energy Systems Technology, Inc. is a provider of specialty chemicals and engineering service for water treatment in a variety of industries including commercial & institutional facilities, light industry, oil fields, and central heating/cooling plants.

Buy -

Seller(S) 1

SELLER

Meriwether Capital

New York, New York, United States
Category Private Equity Firm
Founded 1976
Size Small
Type Sector Agnostic
DESCRIPTION

Meriwether Capital is a private equity firm focused on acquiring middle-market private companies and corporate divestitures. Meriwether prefers opportunities located in the Eastern US with EBITDA of at least $2 million. Target sectors include specialty manufacturing, distribution, and service. Meriwether typically seeks majority positions. Meriwether Capital was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 5 of 5
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Minnesota M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Segrest

Gibsonton, Florida, United States

Segrest, Inc. is a wholesale distributor of tropical fish to pet store chains and independent pet shops.

Sell $60M
Mergr

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