M&A Deal Summary

Waybill USA Acquires Small Tube Products

On November 16, 2018, Waybill USA acquired manufacturer Small Tube Products from Prospect Capital Management and Quilvest Capital Partners

Acquisition Highlights
  • This is Waybill USA’s 1st transaction in the Manufacturing sector.
  • This is Waybill USA’s 1st transaction in the United States.
  • This is Waybill USA’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2018-11-16
Target Small Tube Products
Sector Manufacturing
Buyer(s) Waybill USA
Sellers(s) Prospect Capital Management
Quilvest Capital Partners
Deal Type Add-on Acquisition

Target

Small Tube Products

Duncansville, Pennsylvania, United States
ST Products LLC is a producer of precision redrawn, small diameter, thin wall copper, and specialty alloy tubes. ST Products was founded in 1947 and is based in Duncansville, Pennsylvania.

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Buyer(S) 1

Buyer

Waybill USA

Franklin, Kentucky, United States

Category Company
Sector Metals/Mining
DESCRIPTION

Waybill USA, Inc. is a producer of copper & aluminum intermediate goods. Waybill USA is based in Franklin, Kentucky.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 2

SELLER

Prospect Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Business Development Company
Founded 1988
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.


DEAL STATS #
Overall 45 of 48
Sector: Manufacturing M&A 5 of 5
Type: Add-on Acquisition M&A Deals 17 of 18
State: Pennsylvania M&A 4 of 4
Country: United States M&A 44 of 47
Year: 2018 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 FLEETWASH

Fairfield, New Jersey, United States

FLEETWASH is a platform of scale providing professional cleaning services to truck fleets and facilities such as gas stations and grocery stores. FLEETWASH was founded in 1973 and is based in Fairfield, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Magnate Worldwide

Portland, Oregon, United States

Magnate Worldwide is a diversified supply chain management company, comprised of a unique portfolio of complementary, premier logistics providers focused on expedited domestic transportation and global freight forwarding. Magnate Worldwide was founded in 2014 and is based in Portland, Oregon.

Buy -
SELLER

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 55 of 69
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 21 of 27
State: Pennsylvania M&A 1 of 1
Country: United States M&A 25 of 35
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Sogetrel

Issy-les-Moulineaux, France

Sogetrel is a provider of communication network services, with turnkey solutions for the deployment, connection and commissioning of customers telecommunication networks. Sogetrel was founded in 1985 and is based in Issy-les-Moulineaux, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 P.F. Chang’s

Scottsdale, Arizona, United States

P.F. Chang’s is an operator of full-service restaurants that feature high-quality, authentic Chinese cuisine, and American hospitality in a contemporary bistro setting. P.F. Chang’s was founded in 1993 and is based in Scottsdale, Arizona.

Sell -