M&A Deal Summary

Windjammer Capital Acquires AXH Air-Coolers

On November 1, 2023, mezzanine finance firm Windjammer Capital acquired manufacturer AXH Air-Coolers

Acquisition Highlights
  • This is Windjammer Capital’s 2nd transaction in the Manufacturing sector.
  • This is Windjammer Capital’s 49th transaction in the United States.
  • This is Windjammer Capital’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2023-11-01
Target AXH Air-Coolers
Sector Manufacturing
Buyer(s) Windjammer Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

AXH Air-Coolers

Tulsa, Oklahoma, United States
AXH Air-Coolers is a designer and manufacturer of air-cooled heat exchangers, providing a mission critical role in cooling liquids or gases, protecting end user equipment from damage or corrosion that is commonly created as a by-product of natural gas compression. AXH specializes in custom designed, high mix solutions serving primarily the natural gas and LNG markets, as well as industrial, process chemical, and emerging carbon capture applications. AXH Air-Coolers was founded in 2001 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Windjammer Capital

Newport Beach, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Windjammer Capital is a private investment firm that invests control equity, minority equity, and/or subordinated debt in growing middle-market businesses. The Firm seeks to invest between $50 and $200 million of equity or subordinated debt in companies that generate at least $8 million of EBITDA. Windjammer focuses on North American-based opportunities and prefers companies with scalable business models, differentiated products/services, and that operate in defensible markets. Broad sectors of interest include manufacturing, business services and value-added distribution. Windjammer does not invest in high technology, real estate, and financial services companies. Windjammer Capital was formed in 1990 and has offices in Waltham, Massachusetts and Newport Beach, California.


DEAL STATS #
Overall 49 of 52
Sector: Manufacturing M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 26 of 29
State: Oklahoma M&A 1 of 1
Country: United States M&A 49 of 52
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Hermetic Solutions Group

Trevose, Pennsylvania, United States

Hermetic Solutions Group is a provider of advanced hermetic packaging and components designed to ensure critical electronic systems function reliably in demanding environments where it is essential to control for factors such as weight, space, vibration, temperature, moisture and off-gassing. Hermetic Solutions Group was founded in 2016 and is based in Pennsylvania, United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 Bio X Cell

Lebanon, New Hampshire, United States

Bio X Cell is a producer of monoclonal antibodies (mAbs) for use in both in vivo and in vitro pre-clinical research applications. Bio X Cell was founded in 1997 and is based in Lebanon, New Hampshire.

Buy -