M&A Deal Summary

Xeros Technology Acquires Gloves

On March 22, 2018, Xeros Technology acquired business services company Gloves for 1M USD

Acquisition Highlights
  • This is Xeros Technology’s 2nd transaction in the Business Services sector.
  • This is Xeros Technology’s largest (disclosed) transaction.
  • This is Xeros Technology’s 2nd transaction in the United States.

M&A Deal Summary

Date 2018-03-22
Target Gloves
Sector Business Services
Buyer(s) Xeros Technology
Deal Type Add-on Acquisition
Deal Value 1M USD

Target

Gloves

United States
Gloves, Inc. which provides, cleaning, inspection, and repair services for firefighter personal protection equipment ('PPE'), from facilities in Atlanta and Miami.

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Buyer(S) 1

Buyer

Xeros Technology

Rotherham, United Kingdom

Category Company
Founded 2013
Sector Business Services
Employees29
Revenue 2M GBP (2019)
DESCRIPTION

Xeros Technology is a platform technology company that is reinventing water-intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies. Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unattainable with traditional processes. The Group is currently exploiting its intellectual property in three areas: Cleaning Technologies, Tanning Technologies, and Textile Technologies. Xeros has a number of agreements in place with such international organisations as BASF, Hilton and Wollsdorf Leder. Xeros Technology was founded in 2013 and is based in Rotherham, England.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 MarKen PPE Restoration

North Las Vegas, Nevada, United States

MarKen PPE Restoration is a provider of personal protection equipment ('PPE'), cleaning, inspection and repair services.

Buy $1M