M&A Deal Summary

Zep Acquires Alex C. Fergusson

On July 31, 2017, Zep acquired chemicals company Alex C. Fergusson from Larsen MacColl Partners

Acquisition Highlights
  • This is Zep’s 4th transaction in the Chemicals sector.
  • This is Zep’s 4th transaction in the United States.
  • This is Zep’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-07-31
Target Alex C. Fergusson
Sector Chemicals
Buyer(s) Zep
Sellers(s) Larsen MacColl Partners
Deal Type Add-on Acquisition

Target

Alex C. Fergusson

Chambersburg, Pennsylvania, United States
Alex C. Fergusson LLC (AFCO) is a specialty chemical and food safety provider serving the food and beverage processing industry. Alex C. Fergusson LLC was founded in 1855 and is based in Chambersburg, Pennsylvania.

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Buyer(S) 1

Buyer

Zep

Atlanta, Georgia, United States

Category Company
Founded 1937
Sector Chemicals
Revenue 690M USD (2013)
DESCRIPTION
Zep's headquarters in Atlanta, Georgia.
Zep's headquarters in Atlanta, Georgia.

Zep is a manufacturer and marketer of a wide range of high-efficacy maintenance and cleaning solutions for commercial, industrial, institutional, and consumer end-markets under well-known and respected brand names. The breadth of the Zep product portfolio provides customized, superior cleaning and maintenance solutions to a broad customer base including manufacturers, food processors and preparers, restaurants, hospitals, schools, municipalities, government organizations, hotels and car washes.


DEAL STATS #
Overall 5 of 6
Sector (Chemicals) 4 of 5
Type (Add-on Acquisition) 4 of 5
State (Pennsylvania) 1 of 1
Country (United States) 4 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-03 Ecolab - Vehicle Care

St. Paul, Minnesota, United States

Ecolab's Vehicle Care is a provider of vehicle care products, including soaps, polishes, sealants, wheel and tire treatments and air fresheners to professional car washes, convenience stores, auto detailers, and commercial fleet wash customers.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 EcoClear

Canton, Georgia, United States

EcoClear LLC is a deep-cleaning solution provider that specializes in sanitizing and disinfecting food processing and refrigerated facilities.

Buy -

Seller(S) 1

SELLER

Larsen MacColl Partners

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Larsen MacColl Partners is a private equity firm focused on investing in established, profitable companies with proven management and strong growth potential. The Firm targets companies generating $5 to $50 million in annual sales and cash-flow of $1 to $5 million. Larsen MacColl looks for companies operating in basic industries. Larsen MacColl was formed in 2004 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 4 of 5
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 3 of 4
State (Pennsylvania) 3 of 3
Country (United States) 4 of 5
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 City Tap House

Philadelphia, Pennsylvania, United States

City Tap House is a craft beer and restaurant concept serving high-quality food and a best-in-class beer selection in a casually upscale setting. City Tap House currently operates eight restaurants - two in Philadelphia, two in Washington, D.C., and one each in Boston, Nashville, Atlanta, and Chicago - and will open an additional location in Loudon, Virginia later this year. City Tap House was founded in 2010 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Evolution Sorbent Products

West Chicago, Illinois, United States

Evolution Sorbent Products produces standard-setting alternative high-performance sorbents and spill-control products as well as some of the very finest meltblown anywhere. Evolution Sorbent Products is based in West Chicago, Illinois.

Sell -