M&A Deal Summary

Univar Solutions Acquires Magnablend

On December 11, 2012, Univar Solutions acquired chemicals company Magnablend from TGF Management and Cotton Creek Capital

Acquisition Highlights
  • This is Univar Solutions’ 2nd transaction in the Chemicals sector.
  • This is Univar Solutions’ 2nd transaction in the United States.
  • This is Univar Solutions’ 1st transaction in Texas.

M&A Deal Summary

Date 2012-12-11
Target Magnablend
Sector Chemicals
Buyer(s) Univar Solutions
Sellers(s) TGF Management
Cotton Creek Capital
Deal Type Add-on Acquisition
Advisor(s) Lazard Middle Market (Financial)

Target

Magnablend

Waxahachie, Texas, United States
Magnablend, Inc. is a provider of custom chemical manufacturing, blending, and packaging solutions.

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Buyer(S) 1

Buyer

Univar Solutions

Downers Grove, Illinois, United States

Category Company
Founded 1924
Sector Distribution
Employees9,746
Revenue 8.3B USD (2020)
DESCRIPTION

Univar Solutions is a global chemical and ingredient distributor and a provider of value-added services to customers across a wide range of industries. Univar Solutions was founded in 1924 and is based in Downers Grove, Illinois.


DEAL STATS #
Overall 5 of 20
Sector: Chemicals M&A 2 of 3
Type: Add-on Acquisition M&A Deals 5 of 18
State: Texas M&A 1 of 3
Country: United States M&A 2 of 5
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Arinos Química

Osasco, Brazil

Arinos Química Ltda. is a distributor of specialty and commodity chemicals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-16 Quimicompuestos S.A de C.V.

Monterrey, Mexico

Quimicompuestos S.A de C.V. is a distributor of commodity chemicals. Quimicompuestos distributes over 100 products from its facilities, including a range of thinners, aromatics, aliphatics, alcohols, ketones, esters, glycols, glycol ethers, monomers, blends, and acids.

Buy -

Seller(S) 2

SELLER

TGF Management

Austin, Texas, United States

Category Private Equity Firm
Founded 1992
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TGF Management is a private equity firm focused on management buyouts and recapitalizations of profitable, middle-market companies generating sales of $50 to $250 million and EBITDA of $5 of $25 million. Areas of interest include manufacturing, distribution, construction, industrial service, outsourced business services, food, and consumer products. TGF's target investment size is $25 to $100 million and the Firm's geographic focus is on opportunities in the Southwest US. TGF will not invest in oil/gas exploration and production companies, real estate, and businesses with 'significant technology risk'. TGF Management was formed in 1992 and is based in Austin, Texas.


DEAL STATS #
Overall 15 of 18
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 8
State: Texas M&A 10 of 12
Country: United States M&A 15 of 18
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Magnablend

Waxahachie, Texas, United States

Magnablend, Inc. is a provider of custom chemical manufacturing, blending, and packaging solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 M&M Manufacturing

Fort Worth, Texas, United States

M&M Manufacturing is a diversified sheet metal fabricator of round, rectangular, spiral and oval HVAC duct pipe and fittings for residential and commercial applications. M&M also offers general sheet metal products for roofing, ventilating, and architectural applications. M&M Manufacturing was founded in 1958 and is based in Fort Worth, Texas.

Sell -
DESCRIPTION

Cotton Creek Capital is a private equity firm focused on lower middle-market company investments. The Firm has a special interest in businesses facing an inflection point and could benefit from capital and expertise. Cotton Creek will consider opportunities throughout the US, although the Firm has a preference for businesses in the Southwest. Sectors of interest include manufacturing, infrastructure, chemicals, waste services, food/beverages, transportation, business services, consumer products, value-added distribution, healthcare, building products, and industrial services. Cotton Creek Capital is based in Austin, Texas.


DEAL STATS #
Overall 1 of 9
Sector: Chemicals M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
State: Texas M&A 1 of 4
Country: United States M&A 1 of 9
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-18 Chain Electric

Hattiesburg, Mississippi, United States

Chain Electric is a leading regional provider of power line installation and maintenance services, providing complete transmission, distribution, substation, and storm recovery across the Gulf Coast, Midwest, and Mid Atlantic states. Additionally, the company has the specialized capability to work in challenging terrains, including mud, swamp, and marsh work, and possesses one of the largest fleets of amphibious equipment in the industry. Chain Electric was founded in 1955 and is based in Hattiesburg, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-15 Royal Manufacturing

Houston, Texas, United States

Royal Manufacturing is a manufacturer of acrylic and cultured marble bathroom products, including soaker and whirlpool tubs, vanity tops, sinks, and shower walls and bases. The company has manufacturing operations in Texas and distribution facilities in Florida. The company sells directly to residential builders and provides installation of cultured marble product sales. Royal Manufacturing was founded in 1969 and is based in Houston, Texas.

Buy -