M&A Deal Summary

ZS Fund Acquires Amerijet International

On July 26, 2016, private equity firm ZS Fund acquired transportation company Amerijet International from H.I.G. Private Equity

Acquisition Highlights
  • This is ZS Fund’s 2nd transaction in the Transportation sector.
  • This is ZS Fund’s 10th transaction in the United States.
  • This is ZS Fund’s 1st transaction in Florida.

M&A Deal Summary

Date 2016-07-26
Target Amerijet International
Sector Transportation
Buyer(s) ZS Fund
Sellers(s) H.I.G. Private Equity
Deal Type Secondary Buyout

Target

Amerijet International

Miami, Florida, United States
Amerijet International is a provider of air cargo and logistics solutions to and from the U.S. and the Caribbean, Mexico, and Latin America. The Company specializes in shipping time-sensitive, perishable, oversized, hazardous, and highly configured products through both regularly scheduled and chartered flights. Amerijet International was founded in 1974 and is based in Miami, Florida.

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Buyer(S) 1

Buyer

ZS Fund

New York, New York, United States

Category Private Equity Firm
Founded 1985
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ZS Fund L.P. is a private equity firm engaged in making long-term investments in established middle-market companies. The firm focuses on transactions that provide liquidity to business owners while enabling them to maintain a significant ownership stake and keep their company independent. ZS pursues privately-held, closely-held, or publicly-traded companies that have a high return on capital relative to industry peers. The firm targets companies with an annual operating profit of at least $4 million. ZS Fund L.P. was founded in 1985 and is based in New York City.


DEAL STATS #
Overall 10 of 11
Sector: Transportation M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Florida M&A 1 of 2
Country: United States M&A 10 of 11
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-07 Cub Foods

Stillwater, Minnesota, United States

CUB Foods offers customers the freshest produce, widest selection and food expertise throughout the store to meet their everyday grocery needs. In addition to innovative local, ethnic and organic food sections, CUB Foods stores offer shoppers multiple in-store services including fresh bakery, full-service deli and meat departments, pharmacy and banking.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Juniper

Fort Myers, Florida, United States

Juniper is a growing commercial landscaping platform providing a full suite of installation and maintenance services to homeowners’ associations, commercial, government, and a variety of other clients. Juniper was founded in 2003 and is based in Fort Myers, Florida.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 78 of 178
Sector: Transportation M&A 2 of 4
Type: Secondary Buyout M&A Deals 30 of 72
State: Florida M&A 11 of 20
Country: United States M&A 62 of 123
Year: 2016 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 Losberger

Bad Rappenau, Germany

Losberger is a provider of temporary (short-term and semi-permanent) space solutions. The company operates 5 production facilities and 14 sales offices globally. Losberger has a broadly diversified customer base including corporate customers, event organizers and rental companies, municipalities, government agencies, supranational organizations and NGOs. Losberger was formed in 1919 and is based in Bad Rappenau, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Symplicity

Arlington, Virginia, United States

Symplicity sells SaaS-based solutions to over 1,200 institutions that help manage all aspects of a student’s life on campus, including career services, academics, behavioral intervention, and student conduct. More than 400,000 active employers utilize the Company’s on-campus recruiting software to leverage the higher education job network in the U.S. and recruit students and alumni for entry-level jobs. Symplicity was founded in 1997 and is based in Arlington, Virginia.

Buy -