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Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
Accordion Partners Provider of financial consultancy services for private
equity-backed companies. The company provides
operational and technical accounting, strategic financial
planning and analysis, transaction execution and
performance improvement, enabling the chief financial
officers of private-equity backed companies to maximize
their company's value.
The company received an undisclosed amount of development
capital from FFL Partners on October 10, 2018. The funds will be
used o expand the company's service offerings for private
equity-backed CFOs and their finance teams, attract and acquire
additional talent, spur continued geographic expansion, and
support the ongoing development of the company's portfolio
operations SaaS platform.
Allied Universal Provider of security and facility management services in
the United States. The company provides private security,
janitorial and staffing services to homeowners and
business organization, enabling clients to focus on their
core business.
The company received an undisclosed amount of development
capital from Partners Group, Warburg Pincus and Wendel Group
on October 26, 2018. The shareholders also committed an
additional unfunded equity liquidity line as a part of the
transaction. Wendel Group committed $78 million in equity $40
million in the form of a liquidity line. The funding was used for
the acquisition of U.S. Security Associates.
Amaray (North American
operations)
Two injection molding facilities, in Pittsfield,
Massachusetts and Elizabethtown, Kentucky. The facilities
compromises of 285,000 square feet of manufacturing
space.
The business divisions, subsidiaries of Amaray, were acquired by
Westfall Technik, via its financial sponsors BlackBern Partners
and Lee Equity Partners, through an LBO on October 4, 2018 for
an undisclosed sum.
American Eagle Plant 220,000 square foot manufacturing facility in York
County, South Carolina. The facility has an estimated
capacity to produce more than 750,000 wheels per year.
The manufacturing facility was acquired by Wheel Pros, via its
financial sponsor Clearlake Capital Group, through an LBO on
October 4, 2018 for an undisclosed sum.
Anderson Cargo Services Provider of customized third-party logistics services
intended to enhance supply chain control and visibility.
The company offers domestic freight management,
international forwarding, truckload and LTL (less than
load) brokerage, value-added warehousing, expedited
movements, and fulfillment services, enabling the
healthcare, financial services, technology, and home
delivery industries to improve cost-efficiency and
reliability of their shipments.
The company was acquired by Argosy Capital, Headhaul Capital
Partners and its management through an LBO on October 24,
2018 for an undisclosed sum.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
BICO Steel Provider of heavy carbon steel plate processing services.
The company produces fire escapes, elevator cabs,
decorative iron stairways, balconies, tree guards and iron
fencing, providing molding, process equipment, stamping
and capital equipment industries with quality forged alloy
steel.
The company was acquired by Validor Capital and its
management through an LBO on October 17, 2018 for an
undisclosed sum.
Blue Team Restoration Provider of disaster recovery services for a variety of
industries. The company specializes in those claims which
occur in medical, hospitality, industrial, institutional and
multi-family settings and offers emergency response,
water extraction, fire, document, equipment restoration,
mold remediation, carpet cleaning, decontamination, and
consulting services.
The company received an undisclosed amount of development
capital from Palm Beach Capital on October 23, 2018.
C&W Transportation Company Provider of less than truckload and truckload
transportation services. The company's primary business
is overnight delivery service moving goods from
distribution centers to end retail locations with
guaranteed 6 AM delivery, enabling customers to order
on a daily basis, thus improving efficiencies with leaner
inventory levels.
The company was acquired by Platform Capital Holdings
through an LBO in October 2018 for an undisclosed sum. The
company was recapitalized as a result of the transaction.
Catalyst Clinical Resourcing Provider of contract research staffing and managing
services for biotechnology, pharmaceutical, and medical
device companies. The company offers augmented
contract staffing, monitoring teams, project rescue and
support, medical writing, remote data reviews, and other
related services, enabling clients to pay only for what they
need and save costs.
The company was acquired by NovaQuest Capital Management
through an LBO on October 31, 2018 for an undisclosed sum.
The partnership will allow the company to continue to provide
quality operational resources to its clients as well as to
aggressively pursue additional growth opportunities in the
market.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
Coastal Waste and Recycling Provider of solid waste disposal and recycling services.
The company's offerings include providing effective waste
and recycling solutions to ensure safe and proper
disposal, thus minimizing the impact on the environment
and keeping our community clean.
The company received an undisclosed amount of development
capital from Summer Street Capital Partners on October 24,
2018.
Craft and Technical Solutions Provider of workforce solutions intended to provide right
person for right job. The company offers staffing services
for recruitment of white, gray, and blue-collar individuals,
enabling marine and other industries to have qualified
individuals.
The company was acquired by J.F. Lehman & Company through
an LBO on October 29, 2018 for an undisclosed sum. Ares
Capital Corporation provided debt financing for this transaction.
Custom Glass Solutions Manufacturer of glass products formed to meet the glass
needs of diverse industries. The company manufactures
flat, bent, laminated and tempered glass systems,
providing industries focused around transportation access
to safe, quality glass for their vehicles.
The company, a subsidiary of Guardian Industries, was acquired
by Stellex Capital Management and its management through an
LBO on October 22, 2018 for an undisclosed sum. As a part of
the transaction, Czech Asset Management provided loan
financing to support the deal.
Dolphin Machine Manufacturer of precision-machined components. The
company's offerings include mission-critical parts with
tight tolerances which are made with materials such as
titanium alloys using capabilities like milling, turning,
grinding, and honing, servicing aerospace, industrial
equipment, and liquefied natural gas clients.
The company received an undisclosed amount of development
capital from Vopne Capital on October 31, 2018.
DXI energy (Kokopelli Project) A project of gas and liquids prone of 2,200 acres in
Piceance Basin, Colorado. It consists of 4 Williams Fork
wells in production, 7 Williams Fork Wells drilled and
cased, 13,500 Mancos discovery in production, 1 PWD
Disposal well, fully equipped and permitted to handle
4000 BW/d, current net production for a total of 182
Barrels of oil equivalent per day (BOE/d), Williams Fork
reserves, 131 Williams Fork PUD drilling locations and 79
Williams Fork probable drilling locations.
Kokopelli Project of DXI energy (TSE: DXI) was acquired by Terra
Energy Partners, via its financial sponsors Warburg Pincus and
Kayne Anderson Capital Advisors, through an undisclosed
amount of LBO on October 3, 2018.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
EMPI (Anaheim) Manufacturer and distributor of automotive parts, tools,
and supplies
The company was acquired by Dubin Clark & Company and
Centerfield Capital Partners through an LBO on October 11,
2018. As a part of the transaction, Centerfield Capital Partners
provided mezzanine financing and BBVA Sponsor Coverage
provided senior debt to support the deal. The company was
recapitalized as a result of the transaction.
Eruptr Provider of digital marketing and patient engagement
services. The company's offerings include providing
search engine marketing, search engine optimization,
social media marketing, banner advertising and
remarketing services to hospitals, healthcare systems,
doctors, lawyers, advocacy groups, public affair groups,
non-profits associations and local, national and
international businesses.
The company was acquired by H.I.G. Growth Partners and the
management through an LBO on October 4, 2018 for an
undisclosed sum.
Fecon (Ohio) Manufacturer of forestry equipment. The company offers
a variety of vegetation management and natural resource
recovery equipment including mulching attachments,
stump grinders, drills, and other related products for
forestry mulching, oil and gas, construction, and
environmental markets.
The company received an undisclosed amount of development
capital from LFM Capital on October 23, 2018.
Flametamer Fire Protection Provider of fire protection products and services. The
company offers fire extinguisher, carbon dioxide
cylinders, clean agent systems and detection and control
hardware, providing commercial, industrial and
institutional customers with a range of fire safety
products.
The company was acquired by Summit Companies, via its
financial sponsor CI Capital Partners, through an LBO on
October 25, 2018 for an undisclosed sum.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
Fleetwash Provider of vehicle and fleet washing services. The
company offers professional cleaning services to truck
fleets and facilities such as gas stations and grocery stores
as well as provides parking lot, sidewalk and landscape
washing, snow plowing and salting, parking lot sweeping,
compactor cleaning, solar panel cleaning and coil cleaning
services.
The company was acquired by ACON Investments through an
LBO on October 23, 2018 for $15.59 million. The partnership
with ACON will allow Fleetwash to take the next step in the
growth and evolution of its business and will benefit from their
extensive financial, operational and strategic resources.
Genesis Energy (Powder River
Basin Midstream Assets)
A portfolio of Midstream Assets, located in Powder River
Basin including pipeline along with the associated crude
oil gathering system and rail facility.
The Powder River Basin Midstream Assets of Genesis Energy
(NYSE: GEL) were acquired by Silver Creek Midstream, via its
financial sponsor Tailwater Capital, through a $300 million LBO
on October 11, 2018. Proceeds from the sale will be used by
Genesis to reduce the balance outstanding under its revolving
credit facility.
Gladson Holdings Provider of consumer product content management
services for consumer packaged goods manufacturers,
retailers, wholesalers, electronic commerce, and related
businesses. The company combines a large database of
consumer product images and information with category
management and store optimization, planogram
development and training, floor planning, product
cataloging, enabling businesses to maximize sales and
operational efficiency.
The company was acquired by The Jordan Company through an
LBO on October 25, 2018 for an undisclosed sum.
Grammer Industries Provider of transportation services for industrial,
agricultural and retail suppliers. The company provides
safety, training, emergency response, installation and
transportation services for hazardous liquids such as
anhydrous ammonia, liquefied petroleum gases, carbon
dioxide, nitric acid and bulk liquid corrosive hazardous
waste throughout the eastern half of the United States.
The company was acquired Stellex Capital Management, Bart
Middleton and John Whittington through an LBO on October 2,
2018 for an undisclosed sum.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
Institute for Integrative Nutrition Provider of health coaching services intended to
empower people to improve their own health and
happiness. The company offers health coach training
programs, online nutrition classes, and training webinars,
allowing students and graduates to continue their
academic growth and professional development in the
health and wellness industry.
The company received an undisclosed amount of development
capital from Norwest Equity Partners on October 1, 2018.
PennantPark and Norwest Mezzanine Partners provided senior
debt financing and subordinated debt financing to the company
respectively. The funds will be used by the company to add
incremental course offerings, diversified content, and expand its
geographic reach.
Integrated Oncology Network Provider of oncology management, advisory services and
capital for physician practices and hospitals. The company
specializes in transaction services, project development
for cancer centers, financing, management services with
expertise in radiation oncology operations, billing and
collection, accounting, compliance, dosimetry and other
administrative services.
The company received an undisclosed amount of development
capital from Silver Oak Services Partners and BPEA Private
Equity on October 8, 2018. As a part of the transaction, LBC
Credit Partners provided senior secured debt financing to
support the deal. The company was recapitalized as a result of
the transaction.
International Marine & Industrial
Applicators
Provider of ship repair, painting and construction services.
The company offers steel grit, dry abrasive and water
blasting, HVLP and spray-painting, specialty coatings and
linings, abatement and containment and high-pressure
water washing, providing shipyards, ship owners,
government agencies and marine industry with critical
vessel preservation services at a competitive price.
The company was acquired by J.F. Lehman & Company through
an LBO on October 29, 2018 for an undisclosed sum. Ares
Capital Corporation provided debt financing for this transaction.
J.R. Hobbs Provider of design-build and plan to specification
mechanical systems services. The company's mechanical
contracting services from design to construction to
commissioning for commercial & multi-unit projects
serving to architects, building owners, contractors and
construction management professionals.
The company received an undisclosed amount of development
capital from Gladstone Companies (NASDAQ: GAIN) on October
15, 2018. The financing was used for the acquisition of Mai
Mechanical.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
Jemez Technology Manufacturer of video surveillance systems for critical
infrastructure protection. The company specializes in the
design and development of cost-effective software
products enhancing security performance far beyond
human capability, with highly accurate object detection,
continuous wide-area situational awareness, optional
automated PTZ tracking, and easy deployment.
The company received $7 million of developmental capital from
ReignRock Capital Partners in October 2018.
LJP Enterprises Provider of solid waste processing and transportation
services intended to preserve the environment and
promote sustainability. The company offers residential
and commercial waste recycling and disposal services,
helping municipalities in recycling and marketing waste
cardboard, newspapers, high-grade papers, books, glass,
wood pallets, fluorescent bulbs and electronics.
The company was acquired by Aperion Management, Ocean
Avenue Capital Partners, SkyDeck, Mr. Larry Biederman and Mr.
Jesse Samuelson through an LBO on October 22, 2018 for an
undisclosed sum. Comerica Bank provided senior debt financing
in this transaction.
Macland Investments (39 Gas
Stations and Convenience Store
Assets)
A portfolio of 39 gas station and convenience store
properties. It also consists of seven car washes and five
quick service food stores.
39 Gas Stations and Convenience Store Assets of Macland
Investments was acquired by United Pacific, via its financial
sponsor Fortress Investment Group, through an LBO on October
22, 2018 for an undisclosed sum.
Marketing & Research Resources Provider of research strategy and design, data collection,
analysis, and reporting services to major consumer
product manufacturers, service companies, and
advertising agencies. The company offers perceptual
mapping, quadrant analysis, gap analysis, factor analysis,
forecasting models, loyalty modeling, regression analysis,
innovation brainstorming, product development, script
programming, data tabulation, product optimization, and
perceptual mapping, enabling customers to track the
effectiveness of the advertising.
The company was acquired and recapitalized by Fox Three
Partners through an LBO on October 23rd, 2018 for an
undisclosed sum.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
MCT Digital Provider of digital finishing and die-cutting equipment
and tools designed to offer high quality laser cutting for
digital finishing. The company's products replace manual
cutting with an automated laser cutting system that
serves in computer-aided manufacturing of composites
and precision converting of printed graphics, including
signage, textiles and apparel, enabling customers to get
high quality products and customer service for digital
finishing.
The company was acquired by Gerber Technology, via its
financial sponsor American Industrial Partners through an LBO
on October 2, 2018 for an Undisclosed sum. The addition of
MCT's high-end large format cutting builds on Gerber's heritage
in the sign & graphics and packaging industries, as well as giving
Gerber a key technology platform to serve its industrial
markets.
Medicus Healthcare Solutions Provider of healthcare staffing and consulting services.
The company offers locum tenens, permanent placement,
recruitment consulting, staff transition, and other related
strategic staffing services to residents, providers, and
facilities.
The company received an undisclosed amount of development
capital from Beecken Petty O'Keefe & Company and PNC
Erieview Capital on October 2, 2018.
Mirac Provider of electronics assembly and fabrication services.
The company offers basic to complex electronics
assembling, wire processing and soldering services on a
contractual basis, providing electronic industries with
quality products at competitive prices.
The company was acquired by Weller Equity and Advantage
Capital through an LBO on October 10, 2018 for an undisclosed
sum. The company was recapitalized as a result of the
transaction. The deal will enable the company to preserve jobs,
expand economic development, and maintain strong
commercial activity in a rural area of Ohio.
Montrose Environmental Group Provider of environmental measurement and analytical
services. The company offers air measurement and
environmental laboratory services as well as provides
water treatment and environmental engineering,
remediation, and compliance services which strive to
optimize environmental resiliency in a way that
effectively complements its clients' decision-making and
operations and efficiently fulfills their project
requirements.
The company received an undisclosed amount of development
capital from Oaktree Capital Management on October 26, 2018.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
Motion & Control Enterprises Distributor of motion and control systems, industrial
lubrication equipment and high-pressure power tools. The
company carries a wide variety of precision engineered
parts from manufacturers, design and build an
automation system with controls to match the company's
manufacturing needs. It also designs and assembles
applications that will work for different needs, offers pre-
assembled hoses and fittings, kitting and divider blocks
and field services.
The company was acquired by Frontenac through an LBO in
October 2018 for an undisclosed sum.
OCI Solar Power (66 MWdc in-
construction solar project)
A 50-megawatt ac solar project currently under
development in Dawson County, located in northwest
Texas. The project will include approximately 197,000
solar modules on single-axis trackers and provide energy
to about 35,000 homes.
The 66 MWdc in-construction solar project of Oci Solar Power
was acquired by D. E. Shaw & Co. through an LBO on October
22, 2018 for an undisclosed sum.
OnShift Developer of cloud-based human capital management
software, intended to solve workforce challenges in
healthcare. The company prioritizes people for the hiring,
scheduling, employee engagement, deliver intuitive
software and proactive services, delivering quality care
and service, improve productivity and increase
profitability through a consistent and engaged workforce,
enabling healthcare industry to get staff consistently with
an exceptional and engaged workforce.
The company received an undisclosed amount of development
capital from Clearlake Capital Group, Link-age and Health
Velocity Capital on October 24, 2018. The investment will be
used to expand OnShift's product development in recruitment,
workforce and talent management, and accelerate sales and
marketing plans.
Pebble Technology International Manufacturer and designer of quality swimming pool
finishes and outdoor environments for pool construction.
The company's pool enhancement products include
durable, non-slip and stain-resistant pool surfaces and
replasters, sea sparking sea shell blends and pool tiles,
enabling clients to remodels and renovate their pools.
The company was acquired by Graycliff Partners through an LBO
on October 3, 2018 for an undisclosed sum.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
PMC Treasury Provider of risk management consulting services. The
company's services include financial risk management
and operational treasury services primarily serving
corporate clients, private equity and infrastructure funds
and their portfolio companies thus enabling them to save
runtime and money thus managing their hedging process
smoothly.
The company received an undisclosed amount of development
capital from Inflexion Private Equity on October 31, 2018.
Prestige Stamping Manufacturer of washers and metal stampings for
industrial and commercial applications. The company
specializes in stamping metals like aluminum, brass,
bronze, copper, and low and high carbon steels. It also
offers heat treating, micro finishing, grinding, tapping,
and reaming services.
The company was acquired by Auxo Investment Partners
through an LBO on October 12, 2018 for an undisclosed sum.
Radix Wire Manufacturer of electrical wires and cables. The company
designs and engineers high-temperature and fire-
resistant products proved to perform in temperatures
ranging from 150°C to 1000°C and in diverse industrial
OEM, maintenance, repair and operations, and fire
protection applications. It serves global markets with
increasingly stringent regulations governing component
selection and performance, including cooking and heating
equipment, oil and gas, lighting, and fire protection
systems.
The company was acquired by High Road Capital Partners
through an LBO on October 31, 2018 for an undisclosed sum. As
a part of the transaction, Twin Brook Capital Partners provided
loan financing to support the deal. This investment highlights
High Road's focus on acquiring and building niche-leading
companies.
Redford Park Apartments A class B multifamily asset located in Conroe, Texas. It
consists of 212 units, a lighted tennis court, outdoor
gazebo, resort-style pool, gated community, outside
storage and a clubhouse.
A class B multifamily asset was acquired by ClearWorth Capital
through an LBO on October 22, 2018 for an undisclosed sum.
S3 Aero Specialists Provider of business aviation consulting services. The
company specializes in aircraft appraisals, safety
compliance, asset management, and technical oversight
services.
The company was acquired by Jet Support Services, via its
financial sponsor 1848 Capital Partners, through an LBO on
October 16, 2018 for an undisclosed sum. The acquisition
enables Jet Support Services to bring an even greater level of
service and support to our clients seeking aircraft consulting
services.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
Select Laundry Appliance Leasing Provider of washer and dryer rental and leasing services.
The company's range of washers includes front and top
load, side-by-side and stackable sets, providing apartment
communities, universities and their residents with laundry
appliances on a lease.
The company was acquired by CSC ServiceWorks, via its
financial sponsors Macquarie Asset Management, Neuberger
Berman, Ontario Teachers' Pension Plan and Pamplona Capital
Management, through an LBO on October 23, 2018 for an
undisclosed sum.
Soulsight Provider of strategic branding, design and creative
services. The company specializes in holistic brand
strategy and management including strategic concept-to-
commercialization development, using a set of
proprietary systems, providing clients with tools to inspire
innovation and drive business growth.
The company was acquired by Bruin Sports Capital through an
LBO for an undisclosed amount on October 1, 2018.
Specified Air Solutions Manufacturer of commercial and industrial heating,
ventilation and air conditioning equipment. The
company's diverse product portfolio of gas fired low
intensity and high intensity infrared heating systems and
warm air unit heaters is utilized in a range of niche market
applications, including education, hospitality, distribution
warehouses, retail, community centers, vehicle service
shops, commercial offices and manufacturing facilities.
The company was acquired by Madison Industries through an
LBO on October 1, 2018 for an undisclosed amount. The
company complements Madison Industries' suite of HVAC
solutions that bring the highest possible indoor air quality.
Structural Concepts Corporation Provider of display cases and food merchandisers for
supermarkets and food service industry. The company
offers temperature-controlled, two-sided, wall mounted,
mirrored end, and other display cases, enabling clients to
maximize visibility of their products from every level.
The company was acquired by Mason Wells and its
management through an LBO on October 9, 2018 for an
undisclosed sum. PNC Erieview Capital provided mezzanine
funding for the transaction.
Superior Technical Ceramics Provider of advanced ceramic technologies. The
company's services include corrosive environments,
thermal management challenges, mechanical wear
problems and electrical insulation requirements,
providing aerospace, energy and semiconductor
processing industries with a diverse range of technical
applications.
The company was acquired by Artemis Capital Partners through
an LBO on October 26, 2018 for an undisclosed sum.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
The Cook & Boardman Group Distributor of building specialty hardware and accessories
intended for the architectural purpose. The company's
architectural hardware is used in residential and non-
residential buildings enables its customers with custom
mill-work, electronic security and access control systems.
The company was acquired by Littlejohn & Co through an LBO
on October 22, 2018 for an undisclosed sum. The acquisition of
Cook & Boardman will build on Littlejohn's expertise in the
building products and value-added distribution sectors.
The Tool House Supplier of industrial tools. The company's industrial tools
include hand tools, cranes and material handling
equipment, enabling clients to buy different products
under one roof.
The company was acquired by Rhino Assembly Corporation, via
its financial sponsor Wincove Private Holdings, through an LBO
on October 9, 2018, for an undisclosed sum. Byline Sponsor
Finance Group provided an undisclosed amount of debt
financing in the form of revolving credit line and term loan to
support the transaction.
TMCo Manufacturer of orifice fittings for the measurement of
natural gas. The company offers dual and single chamber
fittings in different sizes, which facilitates safe
inexpensive orifice plate change under pressure, along
with upstream, meter tubes, and downstream pipe
sections and flow conditioners.
The company was acquired by Rock Hill Capital through an LBO
on October 9, 2018 for an undisclosed sum. Post the acquisition
the company got recapitalized. Cadence Bank and Mutual of
Omaha Bank provided debt financing for the transaction.
Trans Environmental Operator of a full service environmental contracting firm
for the manufacturing, commercial, transportation, and
government industries. The company offers hazardous
materials personnel and equipment, and environmental
cleanup, remediation, industrial cleaning, waste disposal,
emergency response, and stormwater management
services, helping clients by providing quick response times
and quality services.
The company was acquired by HEPACO, via its financial sponsor
Gryphon Investors, through an LBO on October 22, 2018 for an
undisclosed sum. The acquisition enables HEPACO to provide
emergency response and other environmental services in the
greater Chicago area.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
Utica Shale Play Joint Venture A 900,000 net acres of leasehold spanning the
condensate, liquids-rich and dry gas windows of the Utica
play in Ohio. The asset consists of nine hundred wells
producing 600 million cubic feet of gas equivalent per day
and holds an 85% of the acreage.
The Utica Shale Play Joint Venture was acquired by Encino
Energy and Canada Pension Plan Investment Board through a $2
billion LBO on October 30, 2018. Chesapeake intends to use the
anticipated net proceeds to reduce debt. The purchase price
includes a $100 million contingent payment based on future
natural gas prices.
Vecta Environmental Services Provider of environmental remediation services for
industrial clients in the U.S. The company offers hydro
blasting, hydro excavation, tank and pipeline cleaning,
boat and barge cleaning, environmental site assessment,
pond solidification, waste minimization, sandblasting and
coating, scaffolding, and other environmental services.
The company was acquired by Cotton Creek Capital
Management through an LBO on October 1, 2018, for an
undisclosed amount.
Ventech (Michigan) Developer of a mobile heating system for a wide array of
markets, including automotive OEM, automotive
aftermarket, alternative energy, and school bus, mass
transit, industrial vehicle and equipment applications. The
company's liquid heat generators generate heated fluid
instantaneously, abundantly and efficiently through a
proprietary innovative technology, and does not use
combustion, fuel lines, and does not require
maintenance, helping solve key issues in many
transportation and vehicle applications, including reduced
idling, less fuel consumption and decreased emissions.
The company received an undisclosed amount of development
capital from Michigan Capital Advisors on October 16, 2018. The
investment will be used to support Ventech's continued growth
strategy and pursuit of new opportunities.
Vertical Systems (Atlanta) Provider of elevator services Atlanta. The company offers
elevator maintenance, repair, and modernization services
through a team of qualified technicians.
The company was acquired by Oracle Elevator, via its financial
sponsor L Squared Capital Partners, through an LBO on October
9, 2018 for an undisclosed sum.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
Web.com Group Provider of online marketing services for small
businesses. The company offers a variety of web services,
including website design and publishing, online marketing
and advertising, search engine optimization, lead
generation, and e-commerce technology for each stage of
the small business life cycle and markets its products and
services through outbound and inbound telesales, online
channels, affiliate network and private label partners,
distribution partners, re-sellers and direct sales in the
United States and internationally.
The company was acquired by Siris Capital through a $2 billion
public-to-private LBO on October 11, 2018. Morgan Stanley
Senior Funding, RBC Capital Markets, and Macquarie Capital
provided debt financing for the transaction. In connection with
the closing of the transaction, the company will no longer trade
on the NASDAQ exchange.
WillowTree Provider of enterprise application development services
intended to create digital products engineered to drive
growth for the world's leading brands. The company
offers mobile strategy development, custom app and web
development, product design, prototyping, and mobile
marketing services, enabling clients to give end-users the
best digital product experience possible, every time they
engage.
The company received an undisclosed amount of development
capital from Insignia Capital Group on October 5, 2018.
Woonsocket Glass Fabricators Wholesaler of fabricated glass products. The company
operates as a nationally recognized fabricator of specialty
glass products including glass entrances, mirrors, and full-
color digitally printed glass for shower enclosures and
other residential and commercial applications primarily
serving hospitality and light commercial markets.
The company was acquired by HMi Cardinal, via its financial
sponsor The Riverside Company, through an LBO on October 16,
2018 for an undisclosed sum. Antares Capital and John Hancock
Financial Services provided debt financing for the transaction.
The acquisition makes it a complementary addition to Cardinal,
as it will expand its product portfolio and footprint.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615
Business Products and Services Deals for October 2018
Company Name Description Deal Synopsis
York Analytical Laboratories Provider of full-service, independent laboratory services
intended for environmental contaminants. The company
provides analysis of environmental samples including
water, soil and air for regulated contaminants, providing
environmental professionals, developers and industrial
companies a lab testing facility to perform analyses of
emerging contaminants.
The company was acquired by TerraNova Partners through an
LBO on October 19, 2018 for an undisclosed sum.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615