M&A Deal Summary

Wabash National Acquires The Walker Group

On May 8, 2012, Wabash National acquired manufacturer The Walker Group from Insight Equity and Alcentra Capital for 360M USD

Acquisition Highlights
  • This is Wabash National’s 2nd transaction in the Manufacturing sector.
  • This is Wabash National’s largest (disclosed) transaction.
  • This is Wabash National’s 3rd transaction in the United States.
  • This is Wabash National’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2012-05-08
Target The Walker Group
Sector Manufacturing
Buyer(s) Wabash National
Sellers(s) Insight Equity
Alcentra Capital
Deal Type Add-on Acquisition
Deal Value 360M USD

Target

The Walker Group

New Lisbon, Wisconsin, United States
website
The Walker Group is the preeminent North American designer and manufacturer of high-quality, customer-engineered stainless steel and aluminum liquid transportation systems and stationary engineered products.

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Buyer(S) 1

Buyer

Wabash National

Lafayette, Indiana, United States

website

Category Company
Founded 1985
Sector Automotive
Employees5,800
Revenue 2.5B USD (2022)
DESCRIPTION
Wabash National's corporate headquarters in Lafayette, Indiana.
Wabash National's corporate headquarters in Lafayette, Indiana.

Wabash National designs, manufactures, and markets truck and tank trailers, intermodal equipment, and transportation related products throughout North America. Wabash National was founded in 1985 and is based in Lafayette, Indiana.

DEAL STATS #
Overall 4 of 6
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 4 of 5
State (Wisconsin) 1 of 1
Country (United States) 3 of 5
Year (2012) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-02 Extract Technology

Huddersfield, United Kingdom

Extract Technology is a manufacturer of containment and aseptic systems for the pharmaceutical, healthcare, biotech, cell therapy, radiopharmaceutical, nuclear defense, and chemical markets. Extract Technology was founded in 1981 and is based in Huddersfield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-25 Tank And Trailer Business - Beall

Portland, Oregon, United States

Buy $15M

Seller(S) 2

SELLER

Insight Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Insight Equity is a private equity firm targets control investments in middle-market companies. Insight looks for companies with revenues between $50 million to $1 billion and seeks to commit between $25 to $100 million per transaction. Areas of interest include manufacturing, distribution, aerospace & defense, automotive & transportation, consumer goods, service & professional industries, technology, and energy. Insight does not invest in real estate, retail or restaurant businesses. Insight Equity was formed in 1998 and is based in Southlake, Texas. The Firm has additional in New York City.

DEAL STATS #
Overall 1 of 9
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 1 of 6
State (Wisconsin) 1 of 1
Country (United States) 1 of 8
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-19 Flanders

Washington, North Carolina, United States

Flanders Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of air filters and related products.

Buy $192M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-09 New Star Metals

Burr Ridge, Illinois, United States

New Star Metals, Inc. is engaged in the processing and distribution of value-added steel products with about 400,000 tons of current processing capacity serving customers across a variety of end markets in the Midwest.

Buy -
SELLER

Alcentra Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.

DEAL STATS #
Overall 20 of 39
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 5 of 18
State (Wisconsin) 1 of 1
Country (United States) 20 of 38
Year (2012) 1 of 2
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-19 Wholesome Sweeteners

Sugar Land, Texas, United States

Wholesome Sweeteners is a provider of organic and Fair Trade certified sweeteners both as ingredients to organic food and beverage brands and as branded products in the retail channel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-07 Casedhole Solutions

Houston, Texas, United States

Casedhole Solutions offers a comprehensive suite of wireline services to its customers, including well perforation, completion and pipe recovery services.

Sell $273M
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