Upload
others
View
0
Download
0
Embed Size (px)
Citation preview
Business Products and Services Deals for December 2020
Company Name Description Deal Synopsis
Absolutdata Provider of consulting-oriented analytics and research
services. The company offers services in areas of
predictive, CRM (customer relationship management)
analytics, conjoint, market research, marketing mix
modeling, customer segmentation, data visualization and
big data using big data techniques, machine learning,
artificial intelligence and Internet of Things analytics,
enabling technology, retail, travel and telecommunication
companies to make better strategic and day-to-day
business decisions.
The company was acquired by Infogain, via its financial sponsor
ChrysCapital, through an LBO on December 24, 2020.
Action Elevator Provider of elevator maintenance services intended for
property owners and managers. The company provides
elevator modernization, maintenance, repair and new
construction services, serving customers across a variety
of end-markets.
The company was acquired by Southwest Elevator Company, via
its financial sponsor Align Capital Partners, through an LBO on
December 15, 2020 for an undisclosed sum.
Action Plumbing, Heating, Air &
Electric
Provider of electric, plumbing and HVAC contracting
services based in Salt Lake City, Utah. The company's
services include plumbing, drain cleaning, heating, air
conditioning, air purification, water filtration, water
heating and remodelling and reconstruction.
The company was acquired by Randazzo Heating & Cooling, via
its financial sponsors Midwest Mezzanine Funds, Five Points
Capital, Schroder Adveq Management and North Branch Capital,
through an LBO on December 2, 2020 for an undisclosed sum.
ADB Companies Provider of infrastructure services intended for the
communication, utility and technology industries. The
company offers planning, designing, deployment and
maintenance of multiple infrastructure projects within the
communication, commercial construction, government
and energy markets, enabling local, state and federal
government bodies and businesses to meets their utility
infrastructure needs.
The company was acquired by Warren Equity Partners through
an LBO on December 17, 2020 for an undisclosed sum. Keybanc
Capital Markets, Capital One, PGIM Private Credit, Oaktree, AP
Commercial, Arvest Bank, Medley Capital and KeyBank provided
$180 million debt financing in the form of a $125 million term
loan, a $25 million delayed drawn term loan and a $30 million
revolving line of credit to support this transaction.
Advanced Composite Products
and Technology
Manufacturer of engineered composite structures for
defense, space, automotive, marine, industrial machinery
and subsea telecom applications. The company specializes
in designing, prototyping and producing composite
products such as satellite components, thin-walled
tubing, launch vehicle components, composite tank
tracks, optical mounting assemblies and ordnance
components.
The company was acquired by Charger Investment Partners
through an LBO on December 15, 2020 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 December 2020
Company Name Description Deal Synopsis
Aerial Work Platforms Provider of the aerial lift equipment to the construction
industry. The company specializes in renting, selling and
servicing aerial lift equipment like articulated booms,
material lifts, industrial and rough terrain forklifts to its
clients.
The company was acquired by Borgman Capital through an LBO
on December 15, 2020 for an undisclosed sum. The company
also received debt financing in the form of senor debt from
Associated Bank.
AeroSpares Designer and supplier of proprietary aftermarket
replacement components, known as Parts Manufacturing
Approval ("PMA") to the commercial and cargo markets.
The company specializes in providing spare parts solutions
to a global network of airline and MRO partners,
committed to helping the customers battle the increasing
costs of component, airframe, and engine maintenance
with its competitive pricing, reduced lead times, and
customized repairs.
The company was acquired by Jet Parts Engineering, via its
financial sponsors Vance Street Capital, Neuberger Berman, PA
Capital, MLC Australia and Lexington Partners, through an LBO
on December 22, 2020 for an undisclosed sum. The transaction
further enhances the company's catalog of proprietary
aftermarket parts for the commercial and cargo aerospace
industry.
Agway Farm & Home Distributor of farm supply serving a network of private
dealers. The company provides farm and home retailers
with their seasonal home and hardware, farm supply,
lawn and garden, bird, pet and animal health products.
The company, a subsidiary of Southern States Cooperative, was
acquired by CriticalPoint Capital through an LBO on December
21, 2020 for an undisclosed sum.
All-Star Fire Operator of a full-service fire sprinkler, fire alarm and fire
extinguisher firm based in Norcross, Georgia. The
company specializes in the installation, inspection,
testing, monitoring, retrofitting, servicing and repairing
and value engineering of fire safety systems.
The company was acquired by Fire Safety and Protection, via its
financial sponsor Sunny River Management, through an LBO on
December 1, 2020 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 December 2020
Company Name Description Deal Synopsis
Altru Labs Developer of a mobile-video platform designed to assist
businesses with hiring and training through employee-
generated content. The company's platform facilitates
employer branding by communicating with applicants
through content created and shared directly by
employees, with features that let candidates chat with
existing employees prior to interviews, share videos and
participate in live training sessions along with co-workers,
enabling businesses to engage their employees in the
recruiting process and tell authentic, insightful stories
about the company through employee-generated videos.
The company was acquired by iCIMS, via its financial sponsors
Vista Equity Partners and Susquehanna Growth Equity, through
an estimated $60 million LBO on December 14, 2020. The
acquisition further expands iCIMS' market innovation and
leadership with interactive employee-generated content that
changes career sites from static to dynamic sources of
engagement and interactivity
American Pavement Preservation Provider of infrastructure construction and paving
services for private property owners and public properties
in the U.S. The company specializes in asphalt pavement
preservation and placement and offers engineering,
development, grading, road construction, slurry seal,
excavation, bridges, seal coating, paving, concrete work,
striping, golf course construction, lot preparation, micro-
surfacing and other related services.
The company was acquired by Capital Alignment Partners
through an LBO on December 4, 2020 for an undisclosed sum.
Amerit Fleet Solutions Provider of fleet maintenance and management services
based in Walnut Creek, California. The company offers
customized fleet maintenance programs, operating
through a collection of mobile repair units, branch
locations, and on-site customer locations, in order to
increase uptime by identifying and addressing clients'
specific areas of need.
The company was acquired by Brightstar Capital Partners and its
management through an LBO on December 28, 2020 for an
undisclosed sum.
Applied Safety and Ergonomics Provider of consulting services related to human factors
based in Ann Arbor, Michigan. The company specializes in
offering forensic investigations and litigation support,
product safety and warnings consulting, time and motion
studies, usability evaluation and testing, historic research
and analysis and time studies.
The company was acquired by Rimkus Consulting Group, via its
financial sponsor Century Equity Partners, through an LBO on
December 16, 2020 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 December 2020
Company Name Description Deal Synopsis
Aquaguard Waterproofing
Contractors
Provider of waterproofing services for residential and
commercial properties based in Atlanta, Georgia. The
company offers a range of services including foundation
repair, concrete leveling, gutter cleaning and
maintenance and roofing in order to protect the home so
that clients can have a safe and healthy space.
The company was acquired by JES Construction, via its financial
sponsors Cortec Group and Succession Capital Partners, through
an LBO on December 11, 2020 for an undisclosed sum.
Arandell Operator of catalog printing service company aimed at
conserving resources and protecting the environment
using sustainable printing methods. The company utilizes
eco-friendly materials and water-based inks to offer
printing, premedia, paper management, marketing and
data management as well as logistics, delivery and mailing
services to clients.
The company was acquired by Farragut Capital Partners,
Saothair Capital Partners and Ocean Avenue Capital Partners
through an estimated $31.32 million LBO on December 8, 2020.
Siena Lending Group and Great Rock Capital provided financing
to support the transaction.
Area Wide Protective Operator of a chain of traffic control facility intended for
communities, non-profit organizations, private
contractors and major public utilities. The company offers
a wide range of outsourced traffic management solutions,
which include traffic control design and execution
services in support of repair, maintenance and
construction activities, in order to help clients to save
time, protect people and businesses.
The company was acquired by Kohlberg & Company through an
LBO on December 23, 2020 for an undisclosed sum.
ARYZTA (North America's Take-
and-Bake Pizza)
Operator of a take-and-bake pizza business catering to
U.S. foodservice, mass retailers, clubs and grocery stores.
The company manufactures private label take-and-bake
pizzas and flatbreads.
The business division of Aryzta North America was acquired by
Brynwood Partners through an LBO on December 7, 2020 for an
undisclosed sum.
AWT Labels & Packaging Provider of labeling and printing services to the health
care, food and beverage, personal care, household,
specialty and industrial markets. The company offers
pressure-sensitive digital labels, laminating multi-layer
film structures, shrink sleeves, clinical trial labels,
extended content labels and others, enabling clients to
get custom labeling, packaging and converting services.
The company was acquired by Morgan Stanley Capital Partners
through an LBO on December 18, 2020 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 December 2020
Company Name Description Deal Synopsis
BA Major Associates Provider of corporate tax advisory services focused on the
biotechnology, pharmaceutical, medical device,
healthcare, renewable energy and technology sectors.
The company specializes in the accounting and reporting
for complex corporate income tax and tax compliance
services for both public and private companies.
The company was acquired by WilliamsMarston, via its financial
sponsor Align Capital Partners, through an LBO on December 8,
2020 for an undisclosed sum.
Ballast Research Provider of market intelligence and insights intended for
advancing effective policy conversations. The company
offers federal advocacy consulting and state advocacy
consulting services for getting direct feedback from senior
policymakers to government relations professionals,
helping advocates make better use of policymakers' time
and deliver the resources useful to those in government.
The company was acquired by Falfurrias Capital Partners
through an LBO on December 15, 2020 for an undisclosed sum.
As part of the transaction, Mr. David Bradley will remain as a
key investor in the company.
Base2 Engineering Developer of hardware and software tasks for customers
in the United States intelligence, defense, space and
aviation communities. The company specializes in the
design and development of cutting-edge cyber solutions
across the domains of computer network operations,
signals intelligence and quick reaction capability.
The company was acquired by Aegis Technologies Group, via its
financial sponsor Arlington Capital Partners, through an LBO on
December 21, 2020 for an undisclosed sum.
Big City Access Supplier of scaffolding and access equipment services.
The company's products include frame and system
scaffold, suspended scaffold, shoring, trash chutes, bridge
buggies, overhead protection, rolling towers, outrigger
load platforms and safety and equipment include a wide
range of access tools such as canopy frames on sidewalks,
building entrances and exits for pedestrian overhead
protection, stair towers to access floors and rooftops,
enabling building constructors and renovators to hire the
required equipment so as to complete their projects in a
cost-effective yet safe manner.
The company was acquired by BrandSafway, via its financial
sponsors Ardian, Clayton, Dubilier & Rice and Brookfield
Business Partners, through an LBO on December 1, 2020 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 December 2020
Company Name Description Deal Synopsis
BioNaturals Manufacturer and provider of natural ingredients and
clean label products across Europe, the United States and
Asia-Pacific. The company employs proprietary process
technology to manufacture products that are natural,
clean label, multifunctional flavor and provide ingredients
that safeguard the aroma, taste, appearance and shelf-life
of the baked goods helping in optimizing supply chain
costs, improving the safety of the products and reducing
waste.
The company was acquired by Millbo, via its financial sponsor
Ergon Capital Partners, through an LBO on December 16, 2020
for an undisclosed sum.
BluePrint Research Group Owner and operator of a marketing research consultancy
intended to design and execute research to drive global
brand commercialization efforts. The company specializes
in crystallizing the lens, mapping the journey of patients,
developing segmentation to elucidates similarities and
helps in designing a comprehensive performance
management system, enabling healthcare companies to
develop and execute marketing research to inform
strategy development, planning, and execution for a
brand's commercialization efforts.
The company was acquired by Trinity Partners, via its financial
sponsor Parthenon Capital Partners, through an LBO on
December 9, 2020 for an undisclosed sum. The acquisition
enables Trinity Partners to become the top leader in life
sciences industry and solidifies its global presence.
Brady Industries Provider of janitorial and sanitation products and
solutions intended for cleaning and food service
professionals. The company offers a wide range of
cleaning solutions, which include sanitary papers and
disposables, janitorial maintenance equipment, rentals
and service, laundry products, ware wash systems and
other related solutions, to hospitality, education,
healthcare, government, building service contractors and
other sectors.
The company was acquired by Individual FoodService, via its
financial sponsor Kelso Private Equity, through an LBO on
December 14, 2020 for an undisclosed sum.
Brekan Nava Group Provider of commercial real estate appraisal and
consultancy services. The company's services include
commercial appraisals, feasibility studies, development
analysis and rent analysis for various types of properties
like offices, warehouses, apartments, retail and shopping
center and medical clinics.
The company was acquired by Butler Burgher Group, via its
financial sponsor Silver Oak Services Partners, through an LBO
on December 16, 2020 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 December 2020
Company Name Description Deal Synopsis
Cadence Fluidics Manufacturer of custom valves and fluidic subassemblies
for life science OEM customers. The company develops
fluidic components for HPLC, mass spectrometry,
preparative and flash chromatography, microfluidics and
subassemblies for many liquid handling applications.
The company was acquired by Detector Technology, via its
financial sponsor Ampersand Capital Partners, through an LBO
on December 7, 2020 for an undisclosed sum. This acquisition
further enhances Detector Technology's manufacturing and
engineering resources and expertise, allowing it to accelerate
OEM client development projects through offering highly
customizable products for market-specific applications.
Calvin's Electric Provider of electrical wiring and subcontractor services
for residential projects based in Dripping Springs, Texas.
The company specializes in delivering hardwire electric
services for the clients' projects while improving each
customer's electrical efficiency and providing electrical
code compliance consulting as needed.
The company was acquired by In Charge, via its financial
sponsor Search Fund Partners, through an LBO on December 10,
2020 for an undisclosed sum.
Centerline Partners Operator of a life sciences management consulting firm
catering to the healthcare sector. The company's platform
enables clients to standardize and improve the way their
IT and Business Operations organizations interact with
their internal business customers.
The company was acquired by Ettain Group, via its financial
sponsor A&M Capital, through an LBO on December 3, 2020 for
an undisclosed sum.
Centronix Operator of a full-service communications provider. The
company offers two-way radios for a variety of sectors
such as construction, education, healthcare, hospitality
and law enforcement to facilitate wireless
communication.
The company was acquired by Mobile Communications
America, via its financial sponsor Sentinel Capital Partners,
through an LBO on December 18, 2020 for an undisclosed sum.
The acquisition expands Mobile Communications America's
footprint in Texas and offers more than 75 locations across the
United States.
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 December 2020
Company Name Description Deal Synopsis
Centurion Service Group Provider of medical equipment disposition,
refurbishment, and replacement services for hospitals
and other healthcare facilities. The company is a surplus
medical equipment management entity that partners
with hospitals and surgery centers to unlock the value of
medical equipment that frees up important financial
resources and offers new and refurbished equipment for
direct sale to customers, making it hassle-free for
healthcare facilities to create strategies for surplus
equipment liquidation.
The company was acquired by TRIMEDX, via its financial
sponsors Prettybrook Partners and TowerBrook Capital
Partners, through an LBO on December 2, 2020 for an
undisclosed sum. The added capabilities of the company will
allow TRIMEDX clients to gain maximum value from their excess
medical equipment through the company's auction services.
Clean-Tech Company Provider of commercial cleaning services. The company
offers custodial, grounds and facility maintenance to the
educational, medical and industrial sectors.
The company was acquired by HES Facilities, via its financial
sponsor Nautic Partners, through an LBO on December 4, 2020
for an undisclosed sum. The acquisition positions HES Facilities
as a national leader in the provision of outsourced janitorial,
groundskeeping and building management services to clients in
both higher education and K12 school districts.
Cold Steel Manufacturer of knives, cutlery, and tools based in
Ventura, The company's product portfolio includes knives,
swords, tomahawks, machetes, cutlery and other martial
arts items and training equipment made up of carbon
steel, enabling military and law-enforcement personnel to
use this weapons in their day to day life for self defense.
The company was acquired by GSM Outdoors, via its financial
sponsor Gridiron Capital, through an LBO on December 3, 2020
for an undisclosed sum.
Colonnade Group Provider of event management services that engineers
exceptional experiences to elevate every fan's game day.
The company fills a gap in event management expertise
by providing comprehensive logistical solutions in the
areas of premium seating, temporary structures,
interactive fan events, VIP hospitality experiences,
corporate hospitality and sales, fan experiences and
customized solutions intended for a dozen Division I
Universities, the nation's largest collegiate athletic
conferences, the NCAA, and the College Football Playoff.
The company was acquired by Tailgate Guys, via its financial
sponsor Teall Capital, through an LBO on December 15, 2020 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 December 2020
Company Name Description Deal Synopsis
Combustion & Control Solutions Provider of boiler repairing, installation and repairing
services. The company works for original equipment
manufacturers in the fabrication, assembly, factory start-
up and service of boilers and thermal fluid heaters in the
United States and overseas for a variety of manufacturing,
distillery, hospital and chemical businesses.
The company was acquired by Alderman Holdings through an
LBO on December 29, 2020 for an undisclosed sum.
Commonwealth Rolled Products Manufacturer and supplier of automotive and common
alloy aluminum rolled products for the automotive,
building and construction, transportation and consumer
durables industries. The company provides services to
produce sheet and coil in various alloys and tempers, for
many industries and a wide variety of applications.
The company, a subsidiary of Aleris, was acquired by American
Industrial Partners through an approximately $171 million LBO
on December 1, 2020.
CTS Engines Provider of maintenance, repair and overhaul services for
jet engines. The company offers services for the
restoration of engine's gas path, including the overhaul of
the compressor, combuster and turbine as well as
purchase, sale and leasing of turbine engines on a daily
basis.
The company was acquired by J.F. Lehman & Company through
an LBO on December 28, 2020 for an undisclosed sum. As a part
of the transaction Barings Finance and Siemens Financial
Services provided debt financing to support the deal.
Cunningham Associates Heating
and Air Conditioning
Provider of heating, ventilation and air conditioning
services based in Atlanta, Georgia. The company offers
installation, repairs and maintenance services serving
residential and light commercial customers.
The company was acquired by Southern Hvac Corporation, via
its financial sponsor MSouth Equity Partners, through an LBO on
December 22, 2020 for an undisclosed sum.
Dahlquist Machine Provider of precision components primarily for the
electronics, instrumental and industrials end markets. The
company specializes in high-speed precision machining of
light metal, aluminum and plastic products for a customer
base largely comprised of established medical device and
laboratory testing equipment OEMs.
The company was acquired by Incodema3D, via its financial
sponsor CORE Industrial Partners, through an LBO on December
21, 2020 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 December 2020
Company Name Description Deal Synopsis
Dayspring Restoration Provider of restoration, mitigation and renovation
services for residential and commercial properties in
Montana. The company offers water damage clean up,
fire and smoke damage restoration, mold removal.
electronics decontamination and data recovery services.
The company was acquired by Trinity Hunt Partners through an
LBO on December 21, 2020 for an undisclosed sum.
DH Striping Provider of pavement maintenance services serving retail,
property management, real estate development and
other commercial customers. The company specializes in
parking lot maintenance, pavement marking, asphalt
patching, restriping, thermoplastic markings, seal coating,
hydro blasting and signage services.
The company was acquired by Lincoln Road Global Management
and Trivest Partners through an LBO on December 22, 2020 for
an undisclosed sum.
Engineering by Design Provider of interventional medical device and component
manufacturing technologies, including precision coil
winding equipment, catheter laminators and reflow
machines, spooling and unspooling machines and custom
solutions. The Company's equipment and consumables
are used by leading medical device OEMs and contract
manufacturers to manufacture precision devices and
therapeutic components used in a wide variety of growing
cardiovascular and neurovascular interventional
therapies.
The company was acquired by Arcline Investment Management
through an LBO on December 16, 2020 for an undisclosed sum.
ENTACT Provider of field remediation and construction services.
The company offers vapor extraction, environmental
remediation, laboratory soil treatability testing,
stabilization, solidification and compaction services in the
United States.
The company was acquired by J.F. Lehman & Company and its
management through an LBO for an undisclosed sum on
December 15, 2020. As a part of the transaction Deutsche Bank
provided debt financing to support the deal.
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 December 2020
Company Name Description Deal Synopsis
FitzMark Provider of third-party logistics services focused on
transportation management and warehousing within the
United States. The company operates as a tech-enabled
national 3PL and provider of transportation management
system products to more than 2,000 shippers and 25,000
carriers by focussing on brokerage and logistics for the
truckload, flatbed, refrigerated and less-than-truckload
markets.
The company was acquired by Calera Capital, Mr. Scott
Fitzgerald and its existing management through an LBO on
December 22, 2020 for an undisclosed sum.
FoodChain ID Provider of food safety testing, third-party certification
and consulting services intended to address challenges
and opportunities in the rapidly evolving food industry.
The company offers data, technologies and tools
necessary to meet the growing demand for higher levels
of transparency, accountability, safety and sustainability
across the supply chain by focussing on areas that include
food safety, organic and non-GMO verification and
testing, product labeling, production methods,
environmental, societal impact and any associated claims
along with regulatory compliance thus validates, verifies
and certifies the full scope of an organization's framework
that ultimately helps to builds consumer trust and brand
equity.
The company was acquired by Berkshire Partners, Mr. Brad
Riemenapp and its management through an LBO on December
8, 2020 for an undisclosed sum. The company was recapitalized
as a part of the transaction.
FortyFour Provider of digital marketing and design services. The
company offers enterprise platforms, digital strategy,
branded content, and content management platforms,
that help global brands design, build platforms and
campaigns that engage customers at every point in the
journey.
The company was acquired by Bounteous, via its financial
sponsor Mountaingate Capital, through an LBO on December 8,
2020 for an undisclosed sum.
Fox Electronics (Commercial
Products)
Supplier of frequency control products for the electronics
market. The company is engaged in manufacturing and
supplying frequency control products, including crystals,
oscillators, timing devices and crystal filters.
The company, a subsidiary of Integrated Device Technology, was
acquired by Abracon, via its financial sponsors The Riverside
Company and Bain Capital Specialty Finance, through an LBO on
December 8, 2020 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 December 2020
Company Name Description Deal Synopsis
Gard'N-Wise Distributors Supplier of landscape products intended for garden
centers, retail and commercial nurseries. The company
offers sourcing, product knowledge training and
warehouse delivery for grower supplies, lawn and garden
fertilizers & chemicals, landscape fabrics, hydroponics as
well as greenhouse and turf products.
The company was acquired by BFG Supply, via its financial
sponsor Incline Equity Partners, through an LBO on December
17, 2020 for an undisclosed sum. The acquisition of Gard'N-
Wise significantly expands the Company's geographic footprint
and ability to serve customers in the Midwest, Southwest and
Mountain West regions.
Gowanda Components Group Designer and manufacturer of board-level magnetic
inductive components for the original equipment
manufacturer (OEM) electronics marketplace. The
company provides application specific and standard
inductors for radio frequency, microwave and power
applications for the defense and medical device sectors.
The company was acquired by iNRCORE, via its financial
sponsors Oaktree Capital Management and The Jordan
Company, through an LBO on December 31, 2020 for an
undisclosed sum.
Graphik Dimensions Provider of fine art printing and framing services intended
for artists, photographers, galleries, grandmas and
governments. The company offers custom printing &
framing, custom decor & supplies such as mirrors, photo
frames, corkboards, chalkboards, dry erase boards,
framing supplies and mat & liners. It also provides
personalized gift services for weddings, graduation and
housewarming.
The company was acquired by Circle Graphics, via its financial
sponsors Falcon Investment Advisors, H.I.G. Capital, Arbor
Ventures (London) and Search Fund Partners, through an LBO
on November 2020 for an undisclosed sum.
Great Oak Landscape Group Provider of landscape maintenance and enhancement
services based in Buford, Georgia. The company provides
full-service grounds management services that include
professional service and maintenance for outdoor
commercial spaces.
The company was acquired by Landscape Workshop, via its
financial sponsors Landscape Workshop and McKinney Capital,
through an LBO on December 9, 2020 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 December 2020
Company Name Description Deal Synopsis
Griffin Dewatering Manufacturer of equipment and designing dewatering
systems for complex groundwater problems in the
construction industry. The company provides turnkey
dewatering services utilizing its self-manufactured
pumping equipment and conducts its operations through
eight branch locations across the United States, as well as
offers deep well and eductor systems, water treatment
and filtration, bypass pumping, pump rental and
groundwater controls and hydraulic submersible pumping
for a wide range of pumping applications.
The company was acquired by Crossplane Capital through an
LBO on December 2, 2020 for an undisclosed sum.
Gudenkauf Provider of self-perform construction services for
telecommunications, utility and systems integration. The
company is a provider of diversified telecommunications,
utility and systems integration services and its offerings
include outside plant construction, splicing, emergency
restoration services, pole line construction, security
system installation and more.
The company was acquired by Congruex, via its financial
sponsor Crestview Partners, through an LBO on December 22,
2020 for an undisclosed sum.
Hope Valley Industries Manufacturer and distributor of automotive accessories
for the OEM market. The company is a multi-functional
manufacturer and outsources all-weather automotive
accessories, including floor-mats, mud-flaps, fender-flares
and a variety of consumer products.
The company was acquired by Adell (Door Edge Guards), via its
financial sponsor Kinderhook Industries, through an LBO on
December 18, 2020 for an undisclosed sum. Debt financing for
the transaction was provided by BBVA USA, Alliance Partners
LLC and Stifel Bank & Trust. The acquisition allows VAI to expand
its network of core OEM relationships and offers entry into an
exciting and growing new product category, all-weather floor
mats.
Horizon Terminal Services Provider of automotive services and port terminal
operations in South and Central America. The company
provides vehicle and equipment processing, warehousing,
long and short-term storage, road and railroad access,
cargoes, including static, breakbulk and project cargo
services.
The company, a subsidiary of Höegh Autoliners, was acquired by
Amports, via its financial sponsor InstarAGF Asset Management,
through an LBO on December 3, 2020 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 December 2020
Company Name Description Deal Synopsis
Hydroprocessing Associates Provider of specialized catalyst handling and reactor
maintenance services. The company has developed
specific equipment and techniques to effectively unload
catalysts for various reactors and processes using
advanced equipment, a trained workforce, and the
ongoing improvement of life support systems as well as
operating procedures that allow safe project execution in
a timely and efficient manner serving a broad range of
industries including oil and gas, exploration and refining,
petrochemical, mining, fertilizer plants, power plants and
utilities.
The company was acquired by Specialty Welding and
Turnarounds, via its financial sponsors ORIX Capital Partners and
Hastings Equity Partners through an LBO on December 28, 2020
for an undisclosed sum.
IMAGEN Brands Supplier of hard goods and imprinted products for
corporate brands. The company specializes in offering
products like rainwear, bags, drinkware, plushies and
coolers for a range of industries and markets including
education, finance, government, insurance, legal, health
and fitness.
The company was acquired by Koozie Group, via its financial
sponsor H.I.G. Capital, through an LBO on December 22, 2020
for an undisclosed sum.
Industrial Electric Motor Works Distributor and service provider of electric motor and
generator. The company offers repairs & maintenance for
drives, motors, generators, pumps, fans, controls and
gearboxes.
The company was acquired by Integrated Power Services, via its
financial sponsor Odyssey Investment Partners, through an LBO
on December 15, 2020 for an undisclosed sum.
Infolinx Provider of records management services based in
Kensington, Maryland. The company specializes in
offering physical and digital records management, file and
asset tracking, enabling global organizations to
successfully manage and protect their important physical
records.
The company was acquired by Gimmal, via its financial sponsor
Rubicon Technology Partners, through an LBO on December 1,
2020 for an undisclosed sum.
IntelliSite IoT Manufacturer and provider of advanced surveillance and
monitoring services and equipment based in California,
United States. The company offers technology
configuration, installation and event monitoring services
for a variety of applications, including public safety, traffic
control, theft detection and prevention, human access
and industrial as well as infrastructure maintenance.
The company received an undisclosed amount of development
capital from Capital Southwest on December 11, 2020. The
financing is intended to be used for acquisition purposes.
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 December 2020
Company Name Description Deal Synopsis
Intrepid Advisors Provider of tax consulting services regarding the federal
and state research and development tax credits intended
for manufacturing and technology companies. The
company specializes in providing research and
development tax credit, cost segregation, LIFO inventory,
§179d and §45l solutions nationwide.
The company was acquired by Source Advisors, via its financial
sponsor Gainline Capital Partners, through an LBO on December
8, 2020 for an undisclosed sum.
IPS Fund Services Provider of fund administration and accounting services
to small and mid-sized private equity and venture capital
funds. The company offers tailored, comprehensive back-
office solutions that relieve fund managers of the
administrative tasks associated with funds, providing
seamless, cost-effective and reliable administrative
support that help clients operate efficiently.
The company was acquired by Alter Domus, via its financial
sponsor Permira, through an LBO on December 21, 2020 for an
undisclosed sum. The strategic acquisition solidifies Alter
Domus' presence in North America, increases its scale and
capabilities significantly with an enhanced offering for clients
locally and globally.
JBR Environmental Services Provider of cleaning and other environmental services to
customers in the Southeastern United States. The
company offers a range of services including industrial
cleaning, waste management and disposal, tank removal
and assessment, sewer jetting, vacuum truck services to
its clients.
The company was acquired by VLS Recovery Services, via its
financial sponsor Aurora Capital Group, through an LBO on
Decmeber 3, 2020 for an undisclosed sum.
JCI Industries Provider of rotating equipment and process solutions for
the industrial and municipal markets in the midwestern
United States. The company operates as a leading
provider of pumps, motors, controls, field service,
remanufacturing work and engineered products for a
wide range of industries, including water and wastewater,
power, oil and gas, pipeline, pharmaceutical, pulp and
paper, chemical, food processing and other
manufacturing industries.
The company was acquired by OTP Industrial Solutions, via its
financial sponsor Genstar Capital, through an LBO on December
22, 2020 for an undisclosed sum. This acquisition of JCI further
expands OTP Industrial Solutions' regional footprint into the
Midwest and aligns with its growth strategy of providing current
and future customers in the Midwest with a familiar and trusted
solutions provider.
Jer-And Distributor of commercial products for the flooring
industry and architecture & design community. The
company specializes in offering flooring and flooring
installation products manufactured by various brands.
The company was acquired by Walcro, via its financial sponsor
WILsquare Capital, through an LBO on December 21, 2020 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 December 2020
Company Name Description Deal Synopsis
Jonathan Engineered Solutions Designer and manufacturer of highly-engineered linear
movement systems, enclosures and isolators for military,
aerospace, commercial technology and industrial
applications. The company's proprietary ruggedized
enclosure products safely house electronics hardware for
mission-critical communications, networking and
defensive systems while being built to withstand harsh
operating environments and customized to meet
demanding end-user requirements.
The company was acquired by JLL Partners through an LBO in
December 2020 for an undisclosed sum.
Kimbrough Fire Extinguisher
Company
Provider of fire protection and safety services based in
Mansfield, Texas. The company offers a range of services
including kitchen hood and suppression, vehicle fire
control, alarm and sprinkler monitoring to its clients.
The company was acquired by Summit Companies, via its
financial sponsors CI Capital Partners and PennantPark
Investment, through an LBO on December 2, 2020 for an
undisclosed sum.
King Electric Co. Supplier of electronic equipment based in Burlington,
North Carolina. The company offers a range of products
including wiring, lighting decor, floor lamps, window
blinds, interior accents and landscape lighting to its
customers.
The company was acquired by Aptus Group USA, via its financial
sponsor 3 Rivers Capital, through an LBO on December 23, 2020
for an undisclosed sum.
KM2 Solutions Provider of business process outsourcing services
throughout the Caribbean, Central and Latin America. The
company offers bilingual, technically sophisticated
personnel that provide solutions such as receivables
management, customer care, sales and back-office
support for clients in a diverse set of end-markets,
including auto finance, travel and hospitality and
healthcare sectors.
The company received an undisclosed amount of development
capital from H.I.G. Capital on December 22, 2020. Prospect
Capital purchased $25 million of first lien senior secured floating
rate notes issued to support the deal. As a result of the
transaction, the company was recapitalized.
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 December 2020
Company Name Description Deal Synopsis
KMS Closeouts Distributor of closeout consumer products for retail and e-
commerce customers. The company operates as a
wholesaler of consumer product closeout, overstock and
factory refurbished merchandise alongside its own line of
sourced products that includes clothing, hardware,
housewares and small appliances, providing customers
the opportunity to purchase closeouts and special buys
with the comfort of a legitimate vendor.
The company was acquired by New State Capital Partners
through an LBO on December 2, 2020 for an undisclosed sum.
The company plans to leverage New State's resources to help
build out its logistics, sales and purchasing teams and
capabilities and to invest in technology that will enhance its
competitive position.
Labels West Provider of label printing services for the wine, spirits,
health and beauty, food and nutraceutical industries. The
company offers a diverse portfolio of capabilities
including flexographic and digital printing, extended
content, tamper-evident and promotional label solutions,
enabling clients to fulfill their requirements for labels and
tag products.
The company was acquired by Resource Label Group, via its
financial sponsors First Atlantic Capital and TPG Growth,
through an LBO on December 10, 2020 for an undisclosed sum.
The acquisition broadens Resource Label Group's presence in
the Pacific Northwest.
LoadPath Designer and developer of payload adapters, deployable
structures, and thermal products for the space industry.
The company specializes in the development and delivery
of advanced engineered products and services for launch
vehicles and satellite manufacturing and offers structural
testing and thermal services.
The company was acquired by Redwire (Aerospace), via its
financial sponsor AE Industrial Partners, through an LBO on
December 15, 2020 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 December 2020
Company Name Description Deal Synopsis
LSC Communications (PINX:
LKSDQ)
LSC Communications Inc is primarily a printing services
provider in the United States. It offers a broad scope of
traditional and digital print, print-related services and
office products. The company's operating segment
include Magazines, Catalogs and Logistics; Book; Office
Products; Mexico; Other and Corporate. It generates
maximum revenue from the Magazines, Catalogs and
Logistics segment. The Magazines, Catalogs and Logistics
segment primarily produces magazines and catalogs and
provides logistics solutions to the Company and other
third parties as well as also provides certain other print-
related services, including mail services. Geographically, it
derives a majority of revenue from North America and
also has a presence in Europe and Mexico.
The company was acquired by Atlas Holdings through a $440
million LBO on December 4, 2020. The transaction will be
supported by the company's existing secured creditors.
Lumin8 Transportation
Technologies
Provider of traffic and intelligent transportation systems
services and technology. The company provides
engineering services for traffic signal timing &
coordination, traffic signal designs, system
communications and also assists in traffic signal and
lighting installation, management and execution, traffic
signal and lighting maintenance, detailed equipment
health inspections, real-time maintenance and repairs
reporting thus helping its clients make adjustments to
meet demand during peak hours or during a special
event.
The company was acquired by Crest Rock Partners and its
management through an LBO on December 1, 2020 for an
undisclosed sum. This will support to fast-track the company's
planned expansion throughout the United States and to
accelerate the development of innovative products and services
for its customers.
Lynne Services Provider of pavement maintenance services to facilities
throughout the Southeastern United States. The company
specializes in asphalt maintenance including parking lot
layouts, restriping of existing parking lots, crack sealing,
hydro blasting, seal coating and asphalt repair.
The company was acquired by DH Striping, via its financial
sponsors Lincoln Road Global Management and Trivest Partners,
through an LBO on December 22, 2020 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 December 2020
Company Name Description Deal Synopsis
Majestic Metals Manufacturer of precision sheet metals serving numerous
end markets, including analytical instruments, medical,
aerospace and defense, electronics and industrials. The
company offers design and manufacturing services with a
focus on low-to-mid volume production while also
providing support for designing, metal fabrication,
painting and screen printing to final assembly.
.
The company was acquired by Incodema3D, via its financial
sponsor CORE Industrial Partners, through an LBO on December
23, 2020 for an undisclosed sum.
Mapson Engineering Provider of precision graphic technologies for specialty
electronic applications. The company provides specialized
services in support of many prominent programs primarily
in the aerospace and defense industries.
The company was acquired by Fralock, via its financial sponsor
Arsenal Capital Partners, through an LBO on December 22, 2020
for an undisclosed sum.
Mid-State Lumber Wholesaler of building materials for the retail lumber
dealer. The company distributes PVC, fiber cement,
railing, porch flooring, clear & knotty boards, wood sliding
and stepping.
The company was acquired by U.S. Lumber Group, via its
financial sponsor Madison Dearborn Partners, through an LBO
on December 4, 2020 for an undisclosed sum.
Moulton Logistics Management Provider of fulfillment services for e-commerce and direct
response companies. The company operates as a third-
party fulfillment firm with a focus on e-commerce, direct
response marketplace, direct-to-consumer support, retail
distribution, and customer care services. In addition, it
also offers brands with web software solutions to manage
their marketing campaigns and operations.
The company was acquired by Amware Fulfillment, via its
financial sponsors Rotunda Capital Partners, Bratenahl Capital
Partners, Capital Southwest and Avante Capital Partners
through an LBO on December 23, 2020 for an undisclosed sum.
The acquisition makes the Amware, one of the nation's largest
privately held, national fulfillment companies and positions it to
meet rising e-commerce demand from consumers shopping
from home during the pandemic.
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 December 2020
Company Name Description Deal Synopsis
NEOS (Management Consulting) Owner and operator of a business management
consultancy intended to help insurers design business
strategies and improve their operational performance in
real time. The company's services specialize in providing
database modernization, program budget re-forecasting,
product and program assessment, product development
process and governance modeling, sponsor coalition
planning, company culture trust analysis, process
investment evaluation, business process outsourcing,
robotic process automation and project and program
management, enabling insurance and financial service
industries to improve performance, increase efficiencies
and gain profitability.
The company was acquired by Capco Group, via its financial
sponsor Clayton, Dubilier & Rice, through an LBO on December
2, 2020 for an undisclosed sum.
Neptune Boat Lifts Manufacturer of the industrial-duty boat lift for marine
contractors and marinas. The company's offerings include
the dock, marine lifts and accessories markets while
accommodating all boat types, sizes and applications with
the help of certified structural engineers focusing its
design and manufacturing on product safety for the
marine industry.
The company was acquired by ShoreMaster, via its financial
sponsor Invision Capital, through an LBO on December 1, 2020
for an undisclosed sum.
New West Oil Company Distributor of lubricants, fuel and car care products to
dealerships, quick lubes and service centers. The
company offers lubricants, automotive chemicals and
flush service systems, automotive appearance products
and automotive maintenance programs with professional
sales, service writer and technician training
complemented by customer retention tools and
marketing solutions to help develop a comprehensive
service maintenance program that will increase both
service profitability and customer satisfaction.
The company was acquired by RelaDyne, via its financial
sponsors Audax Group and Antares Capital, through an LBO on
December 9, 2020 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 December 2020
Company Name Description Deal Synopsis
North American Pipeline Services Provider of water and sewer services to both the private
and public sectors. The company covers the full spectrum
of pipework from traditional sewer and stormwater
maintenance programs to a full range of trenchless
services including CCTV inspection and cleaning, pipe
bursting, manhole rehabilitation, CIPP lining and large
diameter geopolymer pipe to deliver cost-effective long-
term services.
The company was acquired by Vortex Companies, via its
financial sponsor Platform Partners, through an LBO on
December 23, 2020 for an undisclosed sum.
Northstar Aviation (FBO Assets at
Theodore Francis Green State
Airport)
Fixed-base operator assets at the Theodore Francis Green
State Airport, Rhode Island.
The FBO Assets of Northstar Aviation, were acquired by Lynx
FBO Network, via its financial sponsor The Sterling Group,
through an LBO on December 15, 2020 for an undisclosed sum.
Ozark Mountain Energy Distributor of motor fuel and propane supplying retail
outlets, trucking companies and other end users. The
company is a wholesale business of gasoline and diesel to
gas stations and convenience stores.
The company was acquired by Offen Petroleum, via its financial
sponsor Court Square, through an LBO on December 15, 2020
for an undisclosed sum.
Pacific Handy Cutter Designer and manufacturer and of specialized safety
cutting tools and replacement blades. The company's
products include self-retracting knives, safety grips,
specialty utility knives, tools, cutters and accessories that
are engineered to eliminate workplace injuries and
product damage, enabling its clients to standardize the
method of opening corrugated packaging in grocery,
retail, quick-service restaurant and industrial warehouse
operations.
The company was acquired by Bertram Capital Management
through an LBO on December 17, 2020 for an undisclosed sum.
PartCycle Technologies Developer of an e-commerce platform designed for auto
part industry. The company's modern and user-friendly
platform operates as an online marketplace for quality
recycled original equipment manufacturer (OEM) auto
parts which are tested by robust quality control
procedures, in order to enable customers to buy the
required auto parts.
The company was acquired by Original One Parts, via its
financial sponsor Kinderhook Industries, through an LBO on
December 17, 2020 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 December 2020
Company Name Description Deal Synopsis
PCI Pharma Services Provider of integrated pharmaceutical development
services to healthcare companies. The company provides
pharmaceutical services like analytical services,
formulation development, clinical trial supply, commercial
manufacturing and packaging as well as QP services,
supply chain management, storage and distribution to the
healthcare industry.
The company was acquired by Kohlberg & Company and
Mubadala Development Company through an LBO on December
1, 2020 for an undisclosed sum. The company received $ 1.2
billion debt financing in the form of a $125 million revolver
facility, a $920 million first lien loan and a $300 million second
lien loan from Jefferies Finance, Credit Suisse, Deutsche Bank
and Antares Capital to support this transaction
Plan Benefit Services Provider of employee benefits consulting, management
and brokerage services based in Columbia, South
Carolina. The company specializes in offering retiree
benefits, individual insurance, compliance management,
and wellness programs, committed to delivering
customized services to its clients.
The company was acquired by The Hilb Group, via its financial
sponsor The Carlyle Group, through an LBO on December 1,
2020 for an undisclosed sum.
Potters Industries Manufacturer of engineered glass materials serving oil
and gas industry, polymer additives, highway safety,
metal finishing, and conductive particle markets. The
company specializes in the production of engineered glass
materials that include hollow glass microspheres used as
weight-reducing fillers in fabricated plastics, automotive
body putties, as extenders in adhesives and
paints/coating formulations and are used as sensitizers in
industrial explosives and it also offers highway safety
marking glass beads and metal finishing beads.
The company, a subsidiary of PQ Group was acquired by The
Jordan Company through a $650 million LBO on December 14,
2020. Barclays Bank, Credit Suisse, Keybanc Capital Markets,
Antares Capital, MUFG Union Bank provided undisclosed
amount of debt financing in support of this transaction.
PrimeSource Building Products Distributor of construction fasteners and non-lumber
building products in North America. The company
specializes in the distribution of products that includes
nails, screws, collated fasteners, tools, compressors,
roofing products, gypsum, wire fencing and other
products.
The company was acquired by Clearlake Capital Group through
an LBO on December 31, 2020 for an undisclosed sum. The
acquisition will enable Clearlake Capital Group to expand its
portfolio in the specialty distribution sector by carrying out add-
on acquisitions.
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 December 2020
Company Name Description Deal Synopsis
Proactive Dealer Solutions Operator of a training and consulting company
specializing in the implementation and rehabilitation of
business development initiatives within automotive
dealerships. The company works with dealers to increase
their business without increasing their advertising
budgets, by maximizing the sales and service
opportunities that they currently have, improving
productivity and profitability through a better structure,
control and accountability of dealership operations.
The company received an undisclosed amount of development
capital from Capitala Group on December 10, 2020. As a result
of the transaction, the company was recapitalized.
ProctorU Provider of a full suite of online proctoring and identity
management services for academic, professional
development and certification organizations. The
company's on-demand exam development and delivery
platform utilizes artificial intelligence which increases
access to online learning, enabling students and test-
takers to complete their exams using only a computer,
webcam and an internet connection from nearly any
location while still ensuring the academic integrity of the
exam for the institution.
The company was acquired by Gryphon Investors through an
LBO on December 22, 2020 for an undisclosed sum. The
investment will allow the company to solidify its position and
accelerate growth, both organically and through strategic
acquisitions.
ProModel Government Services Provider of analytic software services to the Department
of Defense and Federal Government. The company's
mission-critical predictive and prescriptive analytic
software solutions visualize complex and disparate data,
synchronize operational needs, mitigate risk and optimize
resources to support strategic and tactical decisions.
The government services division of ProModel Corporation, was
acquired by NuWave Solutions, via its financial sponsor AE
Industrial Partners, through an LBO on December 22, 2020 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 December 2020
Company Name Description Deal Synopsis
PVR Research Operator of research and testing facility based in Duluth,
Georgia. The company manages and operates the facility,
recruiting and support for a wide variety of qualitative
and quantitative research that includes taste tests,
sensory testing, focus groups, in-depth interviews, mock
jury, off-site intercepts, in-store intercepts, children
studies, telephone interviews/surveys, and consumer
goods and product testing.
The company was acquired by Curion, via its financial sponsor
Monroe Capital, through an LBO on December 4, 2020 for an
undisclosed sum.
Raydon Developer of virtual reality training technology for the
United States military. The company designs and develops
highly configurable operator stations and simulated
vehicles and weapons enabling effective virtual training
for warfighters providing full lifecycle solutions including
engineering, custom manufacturing and supply chain
management solutions in support of the DOD's virtual
training and simulation programs.
The company was acquired by By Light Professional IT Services,
via its financial sponsor Sagewind Capital, through an LBO on
December 4, 2020 for an undisclosed sum.
Reco Biotechnology Provider of non-hazardous wastewater treatment and
disposal services intended to clean the environment. The
company provides soil remediation, vacuum truck
services and disposal, wastewater and sludge treatment
and approved disposal and fuel recovery services in
Virginia, enabling clients to maintain a healthy
environment.
The company was acquired by Shamrock Environmental, via its
financial sponsor CenterOak Partners, through an LBO on
December 15, 2020 for an undisclosed sum.
Red Monkey Foods Provider of contract manufacturing services intended to
offer private label, organic spices and seasonings. The
company's services manage gourmet store brand flavor
programs for food, mass and specialty retailers through a
global organic supply chain, strong product development
capabilities and data-driven category management
expertise.
The company was acquired by Norwest Equity Partners through
an LBO on December 9, 2020 for an undisclosed sum. As a part
of the transaction, Varagon provided senior secured credit
facility; Norwest Mezzanine Partners provided subordinated
debt financing and Bank of Ireland provided debt financing.
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 December 2020
Company Name Description Deal Synopsis
Redwing Ecological Services Provider of a wide range of ecological assessment,
environmental engineering and NEPA compliance
services. The company is an ecological services firm
specializing in streamlining the permitting process for
wetland, stream and endangered species issues
supporting public and private development and mitigation
projects.
The company was acquired by Resource Environmental
Solutions, via its financial sponsor Kohlberg Kravis Roberts,
through an LBO on December 21, 2020 for an undisclosed sum.
Risked Revenue Energy
Associates
Provider of risk management consulting services in energy
hedging. The company provides analytics, hedge
execution, trade capture, valuation and reporting, hedge
programs that protect the value and accelerate growth by
transforming corporate price risk into a strategic
advantage
The company was acquired by AEGIS Hedging Solutions, via its
financial sponsors Baird Capital and Trilantic North America,
through an LBO on December 17, 2020 for an undisclosed sum.
RND Automation & Engineering Desiner and manufacturer of custom robotics, packaging
and assembly machinery for packaging and assembly
applications in the medical device, life sciences, and
consumer products sectors, among others. The company
specializes in dial indexing, linear motion, robotic
assembly, machine vision, horizontal & vertical form fill
and seal packaging machines and also offers platform-
agnostic robotics and vision systems integration, custom
& standard packaging and assembly automation
equipment.
The company was acquired by Saw Mill Capital through an LBO
on December 17, 2020 for an undisclosed sum.
RR Health Strategies Provider of medical coding, compliance and operational
excellence management consulting services based in
Hauppauge, New York. The company specializes in
offering a full suite of medical coding compliance-focused
and operational excellence management services to
health systems, academic medical centers, law firms, CPA
firms, billing vendors, private equity firms, and healthcare
practices.
The company was acquired by VMG Health, via its financial
sponsor Northlane Capital Partners, through an LBO on
December 8, 2020 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 December 2020
Company Name Description Deal Synopsis
RuckIt Developer of a collaborative logistics platform designed
for construction material producers, contractors, and
carriers to order, track and manage the movement of bulk
materials from plants to job sites. The company's
platform automates invoice processing and reconciliation,
optimizes the dispatch and routing of haulers and
streamlines transportation management, enabling asphalt
companies, haulers, general contractors and aggregate
producers nationwide to unlock massive savings from
their material transportation costs.
The company was acquired by Command Alkon, via its financial
sponsors Ares Capital and Thoma Bravo, through an LBO on
December 23, 2020 for an undisclosed sum.
Santa Fe Midstream (Gas
Gathering and Processing Assets)
Portfolio of plant, gas gathering pipelines and natural gas
liquids pipelines assets from Yoakum County, Texas. The
assets include 30-30 Gas Treating and Processing Plant,
low-pressure gas gathering pipelines, downstream
residue, and NGL lines. It also includes a long-term
acreage dedication from a San Andres oil and gas
producer.
The gas gathering and processing assets of Santa Fe Midstream
were acquired by Stakeholder Midstream, via its financial
sponsor EnCap Flatrock Midstream, through an LBO on
December 15, 2020 for an undisclosed sum.
Smith Hamilton Provider of equipment and security services for financial
institutions. The company offers installation, equipment
service, alarm monitoring, physical security, electronic
security and advanced solutions with expertise in retail
bank branches and credit unions.
The company was acquired by Convergint Technologies, via its
financial sponsor Ares Private Equity Group, through an LBO on
December 2, 2020 for an undisclosed sum.
SOS Self Storage Operator of a climate-controlled and storage unit based in
Noblesville, Indiana. The company specializes in
temperature-controlled and storage units along with
parking for recreational vehicles and boats.
The company was acquired by StorageMart, via its financial
sponsor Cascade Investment, through an LBO on December 18,
2020.
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 December 2020
Company Name Description Deal Synopsis
Spectrio Operator of an end to end technology-enabled customer
engagement marketing firm intended to help clients
deliver effective marketing messaging to their end users.
The company operates as a provider of customer
engagement services offering on-hold messaging, digital
signage, interactive kiosks, wifi marketing, in-store music
and scent marketing to an industry base ranging from
small and medium businesses to enterprise level rollouts,
serving over 100,000 locations world-wide, enabling
businesses and corporate clients to engage and interact
with their customers and achieve their marketing goals.
The company was acquired by The Jordan Company through an
LBO on December 15, 2020 for an undisclosed sum.
SpeedClean Manufacturer of maintenance tools for residential and
light commercial HVAC professionals. The company
provides HVAC maintenance and coil cleaning tools such
as portable and rechargeable coil cleaning systems, tablet-
based coil cleaners and portable cleaning systems for
tankless water heaters and mini-splits.
The company, a subsidiary of Goodway Technologies, was
acquired by DiversiTech, via its financial sponsor Permira,
through an LBO on December 15, 2020 for an undisclosed sum.
StampSource Provider of metal fabrication and stamping services based
in Charlotte, North Carolina. The company uses in-house
tool and die and design capabilities to offer metal
stamping and fabrication, laser cutting, CNC stamping,
metal forming, welding, tool and die support and other
services.
The company, a subsidiary of Power Partners, was acquired by
Phoenix Stamping Group, via its financial sponsor JBA Capital,
through an LBO on December 14, 2020 for an undisclosed sum.
Stein Steel Mill Services Provider of slag processing and steel mill-related products
and services to steel producers. The company's full-
service operations enable metal producers to handle a
range of steel mill processing services such as slag
removal and metallics reclamation, scrap handling, scrap
management, recycling, raw material screening, material
handling, and maintenance and repair services.
The company was acquired by TMS International, via its
financial sponsors DNS Capital and The Pritzker Organization,
through an LBO on December 31, 2020 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 December 2020
Company Name Description Deal Synopsis
Stericycle Expert Solutions Provider of remediation and product recall services in the
United States, United Kingdom and Canada. The company
offers strategic planning, streamlined customer
interactions, retrieval, reverse logistics, call center and
other services, enabling businesses to manage the risks
and minimize the impacts of business and product crises.
The company, a subsidiary of Stericycle, was acquired by
Sedgwick Claims Management Services, via its financial
sponsors The Carlyle Group, Ardian and ONEX, through an LBO
on December 2, 2020 for an undisclosed sum.
Steven H. Gentry & Associates Operator of a litigation services court reporting firm in
Texas. The company specializes in deposition coverage,
draft and condensed transcripts, statewide process and
subpoena/citation service, court filings, legal videography
and document reproduction, scanning and imaging.
The company was acquired by Lexitas, via its financial sponsor
Apax Partners, through an LBO on December 15, 2020 for an
undisclosed sum.
Swiss Precision Machining Manufacturer of consumable instrument components
utilized in robotic surgery and other high technology end
markets. The company offers CNC swiss screw machined
tight tolerance micro components and accessories,
prototyping, engineering, assembly, among others.
The company was acquired by Vander-Bend Manufacturing, via
its financial sponsor Aterian Investment Partners, through an
LBO on December 7, 2020 for an undisclosed sum.
Talent Function Operator of a human resource management consultancy
intended to facilitate the evolution of the corporate
staffing function. The company offers talent acquisition
structure and design, requirement solicitation, change
management, and other associated services to leading
global organizations, helping them with coherent
strategies, leading recruiting technology, effective
business processes, and deployments, to deliver ROI and
business performance.
The company was acquired by Cielo (Wisconsin), via its financial
sponsor Permira through an LBO on December 3, 2020 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 December 2020
Company Name Description Deal Synopsis
The Atlas Developer of an online community platform intended to
transform flat marketing materials into interactive,
evergreen case studies. The company's platform allows
users to share success stories, learn what's working in
other cities, build relationships with partners and source
new tools and partners, enabling local government
officials and implementing partners to make their cities
safer, smarter and more sustainable.
The company was acquired by Government Executive Media
Group, via its financial sponsor Growth Catalyst Partners,
through an LBO on December 3, 2020 for an undisclosed sum.
The Income Tax School Provider of e-learning to tax, accounting and financial
services professionals based in Glen Allen, Virginia. The
company also offers a career center, an internship
program, retreats for tax business owners and tax
practice Management manuals to help people get into the
tax preparation industry and assist those who are already
in the tax business.
The company was acquired by KnowFully Learning Group, via its
financial sponsor NexPhase Capital, through an LBO on
December 1, 2020 for an undisclosed sum.
The Ridgefield Supply Supplier and dealer of building products based in
Ridgefield, Connecticut. The company offers a range of
product mixes including lumber, paint, windows, doors,
millwork, decking and interior and exterior trim to its
clients.
The company was acquired by US LBM Holdings, via its financial
sponsor Kelso Private Equity, through an LBO on December 1,
2020 for an undisclosed sum.
The Shadowlight Group Provider of commercial photography and visual graphic
designing services based in Leola, Pennsylvania. The
company offers a range of services including computer-
generated imagery, photography, stock sets, video editing
and soundstage rental, committed to making the clients'
visions a reality.
The company was acquired by TC Studios, via its financial
sponsor 24/6 Capital Partners, through an LBO on Decmeber 14,
2020 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 December 2020
Company Name Description Deal Synopsis
The Vincit Group Operator of vertically-integrated organization of member
companies intended to provide a single-source solution
for chemical services, contract management and
automation and engineering solutions. The company
specializes in a range of services including customized
chemical support, specialized logistics and outsourced
services including professional plant sanitation
management, continuous training and facilities
wastewater management, enabling clients to focus on
their core businesses.
The company was acquired by Harvest Partners through an LBO
on December 15, 2020 for an undisclosed sum.
Toll Global Logistics (United
States Operations)
Provider of logistics services based in the United States. The business operations of Toll Global Logistics were acquired
by Taylored Services, via its financial sponsors Siguler Guff &
Company and Saybrook Capital, through an LBO on December
17, 2020 for an undisclosed sum.
Traffic Safety Rentals Provider of traffic safety equipment and worksite traffic
control services in Utah and New Mexico. The companies
provide traffic equipment from high-tech message boards
to traditional signs and barricades and also offer stands,
vertical panels, barricades, light plants, message and
arrow boards on a rental basis. It also provides pavement
marking services including thermoplastic application as
well as paint and also installation, inspection and
maintenance of all traffic control devices on the project to
its clients.
The companies were acquired by Area Wide Protective, via its
financial sponsors Audax Group and The Riverside Company,
through an LBO on December 2, 2020 for an undisclosed sum.
The addition of these companies as well as the opening of nine
new Area Wide Protective facilities during 2020, extends its
operations to more than 100 facility locations in 23 US states
and four Canadian provinces.
Treecology Provider of tree and landscape maintenance services
based in Golden Valley, Minnesota. The company
specializes in maintaining commercial and residential
landscapes and operates with a focus on client education
and involvement in the tree and shrub care process in
addition it offers services including tree and shrub
planting, pruning, cabling, removals, mulching, PHC
treatments for insects, mites and disease, application of
fertilizers, biostimulants and growth regulators to keep
client properties beautiful, safe and protected.
The company was acquired by SavATree, via its financial
sponsor CI Capital Partners, through an LBO on December 7,
2020 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 December 2020
Company Name Description Deal Synopsis
Trench Plate Rental Provider of trench safety and traffic-control systems to
the underground construction and other infrastructure-
related industries. The company offers trench and
manhole shields, trench plates, boxes, shoring equipment,
traffic-control message boards and barriers to utilities and
contractors who are maintaining, upgrading and replacing
aging infrastructure.
The company was acquired by Tailwind Capital through an LBO
on December 3, 2020 for an undisclosed sum.
Tri-County Building Supplies Distributor of building materials serving contractors in the
Southern New Jersey area. The company offers lumber
and specialty building materials, including roofing, siding,
wallboard, insulation, millwork, hardware, cabinetry,
interior and exterior doors, windows and stair rail
installation, to professional customers and homeowners.
The company was acquired by US LBM Holdings, via its financial
sponsor Kelso Private Equity, through an LBO on December 17,
2020 for an undisclosed sum.
United Laser Provider of managed print services and related hardware
and software for small, medium and large organizations
including hospitals, banks, universities and corporations in
the United States. The company provides a variety of
printers and office supplies in the industry including OEM,
compatible and remanufactured products and the
company's print management system will enable clients
to manage, service and supply their printers and MFP's
thus allowing them to gain control, improve efficiencies,
manage costs and focus on their core business.
The company was acquired by Novatech (IT Services), via its
financial sponsor Trivest Partners, through an LBO on December
18, 2020 for an undisclosed sum.
US LBM Holdings Distributor of specialty building materials to residential
and commercial construction end markets. The
company's portfolio of products includes windows, doors,
millwork, roofing, siding, cabinetry and wallboard, as well
as wood products intended for home-builders and
specialty contractors.
The company was acquired by Bain Capital through an
estimated $2.5 billion LBO on December 18, 2020. Barclays,
Bank of America, Royal Bank of Canada, Truist, Credit Suisse,
Deutsche Bank and Siemens provided $2.7 billion debt financing
in the form of a $500 million asset based revolver credit line, a
$1.3 billion term loan B, a $300 million delayed drawn term loan
and a $550 million senior debt in support of this transaction.
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 December 2020
Company Name Description Deal Synopsis
VA Forensics Provider of biomechanical and accident reconstruction
forensic engineering services. The company specializes in
biomechanical injury analysis, accident reconstruction,
human factors, slip trip and falls.
The company was acquired by Forensic Engineering Services, via
its financial sponsor Trinity Hunt Partners, through an LBO on
December 22, 2020 for an undisclosed sum.
Viper Northwest Manufacturer of precision fabricated, machined parts and
assemblies serving wafer processing, transportation,
medical, aerospace, light industrial, electronics, consumer
goods and automation industries. The company offers full
engineering support, prototyping, fabrication, milling,
turning, testing and assembly of vertical and horizontal
machining, CNC Turning and wire EDM.
The company was acquired by Precinmac, via its financial
sponsors Pine Island Capital Partners, Compass Partners and
Bain Capital Credit through an LBO on December 15, 2020 for an
undisclosed sum.
Wakely Actuarial Operator of an insurance-focused actuarial consulting
business catering to the life and health market. The
company provides actuarial, regulatory compliance,
valuation for financial reporting and renewal commission
and risk management consulting services.
The company was acquired by Davies Group, via its financial
sponsors Alberta Investment Management and HGGC, through
an LBO on December 17, 2020 for an undisclosed sum.
Weber Logistics Provider of logistics services to grocery, confectionery,
beverage, chemical and consumer packaged goods
markets. The company's expertise includes freight
management, LTL and TL services including temperature-
controlled, dedicated and shared warehousing,
distribution, cross-docking/pool distribution, trans-
loading, network optimization and analysis. It also offers
retail compliance, order fulfillment, material handling,
supply chain management, real estate development and
personnel staffing to various industries.
The company was acquired by Stellex Capital Management
through an LBO on December 10, 2020 for an undisclosed sum.
The company was recapitalized through this transaction.
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 December 2020
Company Name Description Deal Synopsis
Westcor Land Title Insurance
Company
Provider of insurance underwriting services in Maitland,
Florida. The company's platform offers national lender
services, auditing, commercial marketing and training of
underwriter which focuses on agent support, provide
direct access to underwriting staff with no complicated
phone menus, enabling customers to get access to the
desired capital at affordable interest rates.
The company was acquired by The Orogen Group, via its
financial sponsor Atairos, through an LBO on December 3, 2020
for an undisclosed sum.
Wincraft Manufacturer of licensed and promotional hardgoods and
non-apparel products for retailers, professional sports
teams, concessionaires, colleges, businesses, distributors,
and schools. The company's product line includes home,
office and automotive sports-themed merchandise, such
as clocks and banners, bumper stickers, koozies, towels,
magnets, banners and signs.
The company was acquired by Fanatics, via its financial sponsors
Franklin Templeton Investments, Insight Partners, Neuberger
Berman, Temasek Holdings, SoftBank Investment Advisers,
Fidelity Management & Research and Silver Lake Management
through an LBO on December 7, 2020 for an undisclosed sum.
Yesterdays Sportswear Provider of screen-printing services to the resort and wine
industry. The company offers garment printing and
embroidery services across California and Florida.
The company was acquired by Lakeshirts, via its financial
sponsor Carlson Private Capital Partners, through an LBO on
December 1, 2020.
Zayo Group Holdings (zColo Data
Center Assets)
Portfolio of 44 data centers in 20 markets across the
United States and Europe. The co-location data centers
provide a sharing option where companies buy their own
cloud servers and equipment and rent space in the
center, which provides technical support, cooling, security
and other services.
The data center assets of Zayo Group were acquired by
DataBank , via its financial sponsors Brookside Equity Partners,
Colony Capital, Teachers Insurance and Annuity Association of
America and Allstate Investments, through a $1.4 billion LBO on
December 15, 2020.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615