15
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 [email protected]

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Page 1: Business Products and Services Deals for October 2018cookma.com/wp-content/uploads/2018/11/PE-Deals-B2B... · 2018-11-06 · Business Products and Services Deals for October 2018

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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]

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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

[email protected]