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  6. WashTec Acquires Mark VII Equipment

M&A Deal Summary

WashTec Acquires Mark VII Equipment

On February 21, 2006, WashTec acquired manufacturer Mark VII Equipment from Goldner Hawn

Acquisition Highlights
  • This is WashTec’s 1st transaction in the Manufacturing sector.
  • This is WashTec’s 1st transaction in the United States.
  • This is WashTec’s 1st transaction in Colorado.

M&A Deal Summary
Date 2006-02-21
Target Mark VII Equipment
Sector Manufacturing
Buyer(s) WashTec
Sellers(s) Goldner Hawn
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Mark VII Equipment

Arvada, Colorado, United States
Mark VII Equipment, Inc. engages in the design and manufacture of carwash systems for the carwash businesses in the United States and internationally. It offers touch free, soft-touch, and friction rollovers, including LED directional lightings, merchandising displays, contouring on-board dryers, controllers, high pressure options, self-adjusting side washers, presoak systems, variable frequency drives, wax and wheel cleaning systems, and triple-foam conditioners; and brush station, arch, wheel brush, chemical application, wheel cleaning finishing, and drying tunnels.

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Buyer(S) 1

Buyer

WashTec

Augsburg, Germany
Category Company
Founded 1885
Sector Machinery
Employees1,687
Revenue 477M EUR (2024)
DESCRIPTION

WashTec is a manufacturer of vehicle wash equipment. WashTec was founded in 1885 and is based in Augsburg, Germany.

DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

Goldner Hawn

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Goldner Hawn is a private equity firm that targets middle market companies in the Midwest US. Goldner Hawn generally looks for businesses valued between $25 and $150 million and looks to invest between $10 to $30 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. Goldner Hawn prefers control investments, but in certain instances, the Firm will also consider minority positions. Goldner Hawn was formed in 1989 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 13 of 34
Sector: Manufacturing M&A 3 of 5
Type: Add-on Acquisition M&A Deals 7 of 17
State: Colorado M&A 2 of 2
Country: United States M&A 13 of 34
Year: 2006 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-09 Westlake Hardware

Lenexa, Kansas, United States

Westlake Hardware, Inc. is a retail hardware chains nationwide. Westlake Hardware currently operates over 80 stores in a seven state region of Missouri, Kansas, Nebraska, Iowa, Oklahoma, Texas and New Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-28 Transport of America

Eagan, Minnesota, United States

Transport America provides a wide range of truckload freight carriage and logistics services to customers in the United States, Mexico and Canada. The company focuses on providing time-definite and other responsive services with the support of its dedicated employees, state-of-the-art technology and information systems. The Company is headquartered in Eagan, Minnesota.

Buy -
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