M&A Deal Summary

Vision Technologies Land Systems Acquires Specialized Vehicles

On August 1, 2005, Vision Technologies Land Systems acquired automotive company Specialized Vehicles from H.I.G. Private Equity for 53M USD

Acquisition Highlights
  • This is Vision Technologies Land Systems’ 1st transaction in the Automotive sector.
  • This is Vision Technologies Land Systems’ largest (disclosed) transaction.
  • This is Vision Technologies Land Systems’ 1st transaction in the United States.
  • This is Vision Technologies Land Systems’ 1st transaction in Ohio.

M&A Deal Summary
Date 2005-08-01
Target Specialized Vehicles
Sector Automotive
Buyer(s) Vision Technologies Land Systems
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition
Deal Value 53M USD

Target

Specialized Vehicles

Dalton, Ohio, United States
Specialized Vehicles Corporation is the leading manufacturer of specialized truck bodies and trailers servicing multi-stop beverage and food service distributors. Hackney specializes in drop-frame, side-access, aluminum bodies and trailers which enjoy a premium reputation.

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Buyer(S) 1

Buyer

Vision Technologies Land Systems

Alexandria, Virginia, United States
Category Company
Sector Engineering
DESCRIPTION

Vision Technologies Land Systems, Inc. provides design and engineering services for the military and commercial markets.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 5 of 175
Sector (Automotive) 1 of 6
Type (Add-on Acquisition) 2 of 72
State (Ohio) 2 of 5
Country (United States) 5 of 120
Year (2005) 2 of 3
Size (of disclosed) 20 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-31 MSC Group

Jacksonville, Florida, United States

MSC Group, Inc (Formely Medical Services Company)based in Jacksonville, Florida, is one of the largest providers in the U.S. of medical products and services to workers' compensation patients on behalf of insurance carriers, third party administrators, and government agencies. MSC's revenues are in excess of $150 million. MSC has a diversified customer base that includes eighteen of the twenty largest workers' compensation insurance carriers. Over the past 15 years, MSC has developed an integrated nationwide healthcare distribution system which allows its customers to better control the costs of medical product claims.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-25 RLC

Broussard, Louisiana, United States

RLC is a provider of complete helicopter support services to oil & gas producers in the Gulf of Mexico. The Company provides comprehensive logistics and transportation services of personnel and equipment to offshore production platforms and drilling rigs with its first-class fleet of helicopters. RLC was founded in 1990 and is based in Broussard, Louisiana.

Buy -
Mergr

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