M&A Deal Summary

Wesco Aircraft Holdings Acquires Haas Group International

On February 3, 2014, Wesco Aircraft Holdings acquired chemicals company Haas Group International from TJC for 550M USD

Acquisition Highlights
  • This is Wesco Aircraft Holdings’ 1st transaction in the Chemicals sector.
  • This is Wesco Aircraft Holdings’ largest (disclosed) transaction.
  • This is Wesco Aircraft Holdings’ 2nd transaction in the United States.
  • This is Wesco Aircraft Holdings’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2014-02-03
Target Haas Group International
Sector Chemicals
Buyer(s) Wesco Aircraft Holdings
Sellers(s) TJC
Deal Type Add-on Acquisition
Deal Value 550M USD
Advisor(s) Harris Williams & Co. (Financial)
Mayer Brown (Legal)

Target

Haas Group International

West Chester, Pennsylvania, United States
Haas Group International Inc. is a provider of chemical management services. The Company streamlines and fully manages all or parts of the chemicals and gases value chain for each of its customers.

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Buyer(S) 1

Buyer

Wesco Aircraft Holdings

Valencia, California, United States

Category Company
Founded 1953
Sector Aerospace
Employees3,069
Revenue 1.6B USD (2018)
DESCRIPTION

Wesco Aircraft Holdings, Inc. is a distributor and provider of comprehensive supply chain management solutions to the global aerospace industry and other industrial market segments. Wesco Aircraft services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery, chemical management services, third-party logistics or fourth-party logistics and point-of-use inventory management. Wesco Aircraft Holdings, Inc. was founded in 1953 and is headquartered in Valencia, California.


DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-24 Interfast

Toronto, Ontario, Canada

Interfast is a value-added distributor of specialty fasteners, fastening systems and production installation tooling for the aerospace, electronics and general industrial markets. Interfast has a global presence working with both OEM (original equipment manufacturers) and MRO (maintenance, repair and overhaul) businesses to deliver proactive and innovative fastener-based solutions for a broad base of applications.

Buy CA$134M

Seller(S) 1

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 30 of 57
Sector (Chemicals) 2 of 6
Type (Add-on Acquisition) 13 of 21
State (Pennsylvania) 2 of 4
Country (United States) 29 of 55
Year (2014) 1 of 3
Size (of disclosed) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-30 Transcendia

Franklin Park, Illinois, United States

Transcendia, Inc. is a converter and distributor of synthetic films in North America. It provides specialized manufacturing and converting services including liquid and extrusion coating, select sheet extrusion, and a wide-range of precision converting including slitting, sheeting, magnetic striping, security and specialty printing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 RFJ Auto

Plano, Texas, United States

RFJ Auto is an automotive dealership platform, provides an impeccable experience by going the extra mile to exceed the expectations of guests, associates, vendors, manufacturing partners, and shareholders. RFJ Auto was founded in 2014 and is based in Plano, Texas.

Buy -