M&A Deal Summary |
|
|---|---|
| Date | 2020-10-08 |
| Target | Cadence Petroleum Group |
| Sector | Distribution |
| Buyer(s) | Wellspring Capital Management |
| Sellers(s) | Tenex Capital Management |
| Deal Type | Secondary Buyout |
| Advisor(s) | Stephens (Financial) Koley Jessen (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 47 of 53 |
| Sector (Distribution) | 4 of 4 |
| Type (Secondary Buyout) | 19 of 22 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 42 of 48 |
| Year (2020) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-29 |
Steele Solutions
South Milwaukee, Wisconsin, United States Steele Solutions is a designer and manufacturer of complex steel infrastructure in distribution, warehousing, and manufacturing facilities nationwide. SSI’s offerings include large steel platforms and mezzanines, as well as other structural steel systems that generally support the use of automation technologies in industrial facilities. Steele Solutions was founded in 1996 and is based in South Milwaukee, Wisconsin. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-30 |
Help at Home
Chicago, Illinois, United States Help at Home is a home care provider delivering in-home care to seniors and persons with disabilities. Help at Home was founded in 1975 and is based in Chicago, Illinois. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 1.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Tenex Capital Management is a private investment group focused on acquiring control positions in profitable North American companies with $3 to $40 million of EBITDA. The Firm does not have any sector preferences and looks to commit up to $125 million per transaction. Tenex Capital Management was formed in 1999 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 24 |
| Sector (Distribution) | 2 of 4 |
| Type (Secondary Buyout) | 6 of 9 |
| State (North Carolina) | 1 of 2 |
| Country (United States) | 12 of 24 |
| Year (2020) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-01 |
Aqua Central
Tampa, Florida, United States Aqua Central is a distributor of pool equipment and supplies. Aqua Central was founded in 2020 and is based in Tampa, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-10 |
CMP
Newnan, Georgia, United States Custom Molded Products LLC is a manufacturer and distributor of specialized plastic components used in spas, pools, and whirlpool baths. Custom Molded Products was founded in 1989 and is based in Newnan, Georgia. |
Sell | $245M |
