Business Products and Services Deals for March 2021
Company Name Description Deal Synopsis
80/20 Developer and manufacturer of modular aluminum T-slot
aluminum building systems intended for industrial and
end-market customers. The company develops and
facilitates multifunction building systems for automation
challenges, robotic support, machine frames, displays,
changing requirements over time, offering customizable
and scalable solutions that meet client requirements.
The company was acquired by MPE Partners and its
management through an LBO on March 03, 2021 for an
undisclosed sum. Antares Capital, Churchill Asset Management
and Manulife Investment Management provided $82.7 million
debt financing in the form of a $10 million revolver and a $72.7
million first lien term loan for the transaction. The company was
recapitalized as a result of this transaction.
Access Capital Group Provider of financial services intended for the life and
health insurance industry. The company uses proprietary
valuation methodologies and streamlined processes to
provide insurance agents and agencies with the necessary
capital to accelerate both their business and personal
objectives.
The company was acquired by Integrity Marketing Group, via its
financial sponsors Harvest Partners and HGGC, through an LBO
on March 2, 2021 for an undisclosed sum. The deal is expected
to provide agents and agencies with necessary flexibility to
monetise their book of business and procure instant capital.
Access Control Related
Enterprises
Operator of an electronic security development company.
The company operates as a platform to consolidate
acquisitions in the electronic security industry.
The company was acquired by Triton through an LBO on March
11, 2021 for an undisclosed sum. The acquisition will enable the
company to invest in innovation and bring leading solutions to
customers.
Ace Asphalt Operator of a full-service asphalt and concrete
maintenance company. The company provides parking lot
maintenance and repair and comprehensive site
development services for paved and concrete surfaces in
five southwestern states of Arizona, Texas, Nevada, New
Mexico and Oklahoma.
The company was acquired by Sunland Asphalt and
Construction, via its financial sponsor Huron Capital, through an
LBO on March 8, 2021 for an undisclosed sum.
AI Fire Provider of fire and life safety services. The company
offers installation, maintenance, inspection, monitoring
and retrofit services for fire alarms, sprinklers, fire
extinguishers and other fire suppression systems that
comply with all codes, providing worry-free inspections,
maintenance and testing programs, in-house repairs and
emergency services to its clients.
The company was acquired by Snow Phipps Group through an
LBO on March 23, 2021 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 March 2021
Company Name Description Deal Synopsis
Allentech Manufacturer and erector of internal floating roofs and
perimeter seal systems for above-ground storage tanks
and covers for API separator basins. The company offers
aluminum internal floating roofs, contact and pontoon
type roofs, cable suspended units, floating roof seals and
separator cover systems with its
customers in the oil and gas industry, including oil
producers, pipeline companies and for-hire storage
terminals.
The company was acquired by HMT, via its financial sponsor
Tailwind Capital, through an LBO on March 29, 2021 for an
undisclosed sum.
Alliance Mechanical Services Provider of installation and maintenance services
intended for commercial building facilities and food
service establishments. The company offers preventative
maintenance programs as well as project management
and installation services for heating, ventilation and air
conditioning, commercial refrigeration and cooking
equipment, enabling clients to minimize interruptions and
inconvenience to their businesses.
The company was acquired by Tech-24, via its financial sponsors
HCI Equity Partners and The Firmament Group, through an LBO
on March 1, 2021 for an undisclosed sum.
Altaflo Manufacturer of fluoropolymer and fluoroplastic pipes
and tubes for the aerospace, pharmaceutical, chemical,
energy and electronics industries. The company
specializes in customized fluid handling solutions for
challenging applications, including those requiring
additional precision and purity, providing cost-effective
products that meet clients' specific requirements.
The company was acquired by Pexco, via its financial sponsor
AEA Investors through an LBO on March 1, 2021 for an
undisclosed sum. The acquisition significantly expands Pexco's
polymer capabilities and technical expertise and brings a
proprietary suite of after-branded products.
Ambit Group Provider of business consulting services intended for the
federal market place. The company offers data driven
solutions in areas including national security, federal
science, citizen service and regulatory, enabling
government clients to make informed decisions.
The company received an undisclosed amount of development
capital from AE Industrial Partners on March 2, 2021. As a part
of this transaction, the company received debt financing from
Atlantic Union Bank. The financing is intended to be used for
acquisition of GreenZone Solutions.
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 March 2021
Company Name Description Deal Synopsis
American Achievement Manufacturer and supplier of commemorative jewelry
and recognition products for high schools, universities,
sports organizations and corporations worldwide. The
company provides class rings, yearbooks and graduation
products such as personalized graduation
announcements, name cards, thank you notes, diplomas,
mini diplomas, diploma covers, certificates, appreciation
gifts, graduation soft goods, caps and gowns.
The company was acquired by Cerberus Capital Management,
Onex Falcon and Prudential Private Capital through an LBO on
March 22, 2021 for an undisclosed sum.
Anser Advisory Provider of capital program advisory and consulting
services intended to successfully guide programs and
projects from concept to closeout. The company offers
consulting services related to engineering, planning,
construction-finance and construction to public and
private customers across different end markets including
transportation, energy, aviation, K-12 and higher
education, healthcare and housing, enabling clients to
evaluate and overcome challenges and subsequently
meet their project objectives.
The company was acquired by Sterling Investment Partners
through an LBO on March 11, 2021 for an undisclosed sum. As a
result of the transaction, the company was recapitalized.
Arete Partners Provider of executive search services intended for venture
capital-backed startups. The company's platform uses
machine learning to identify appropriate candidates for
the roles of vice president, divisional head and director as
per the startup's specific needs, enabling businesses to
find the right leadership talent.
The company was acquired by Riviera Partners, via its financial
sponsors Kayne Anderson Capital Advisors and ROCA Partners,
through an LBO on March 10, 2021 for an undisclosed sum. The
acquisition will enable the company to build upon its focus on
seed-to-B stage VC-backed startups.
B.C. MacDonald Distributor of machine tools, coolants and gaging
equipment intended for specialty manufacturers
throughout the Midwest. The company offers a range of
cutting tools and dimensional gaging products as well as
advanced service contracts to customers in Missouri,
Kansas, Iowa, Nebraska and Illinois, providing businesses
with metrology solutions and localized technical support.
The company was acquired by Concept Machine Tool, via its
financial sponsor Goldner Hawn, through an LBO on March 5,
2021 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 March 2021
Company Name Description Deal Synopsis
Barnes International Manufacturer of filtration products intended for a variety
of industrial applications. The company offers a range of
products including coolant filtration systems, drum fabric
filters, pressure and vacuum filtration systems, grinding
and chip-making machines that provide both permanent
and disposable media filtration.
The company was acquired by Komline-Sanderson, via its
financial sponsor Glen Echo Capital, through an LBO on March
24, 2021 for an undisclosed sum.
Bealine Environmental Services Operator of a non hazardous centralized waste treatment
facility based in Pasadena, Texas. The company offers
industrial wastewater treatment, material recovery and
waste management services, providing the industrial
clients with access to continuous treatment of their
contaminated water.
The company was acquired by Circon Environmental, via its
financial sponsor Kinderhook Industries, through an LBO on
March 11, 2021 for an undisclosed sum. The acquisition will
further expand Circon Environmental's capacity and footprint
within the Houston market.
Binford Supply Manufacturer and distributor of fences based in Balch
Springs, Texas. The company provides fences and fencing
products like chain-link fences, access controls,
agricultural fences, gates and others to residential and
commercial fencing contractors throughout Texas,
Oklahoma and Colorado markets.
The company was acquired by Fencing Supply Group, via its
financial sponsor The Sterling Group, through an LBO on March
2, 2021 for an undisclosed sum.
Blair-Duron Restoration Provider of concrete repair, restoration and installation
services intended for industrial, commercial, healthcare,
university and military facilities. The company specializes
in resinous flooring systems, parking deck coating
systems, terrazzo flooring, vapor moisture control
systems and concrete polishing, helping clients with their
flooring needs.
The company was acquired by Crescendo Capital Partners
through an LBO on March 12, 2021 for an undisclosed sum.
Boston Trade International Provider of interior design and procurement services
intended for the hospitality industry. The company offers
furniture, fixtures & equipment procurement, budgeting
and project management services to full-service hotels,
independent property owners to multi-property
franchisees, providing them with customized solutions
that meet the specific needs of each project.
The company was acquired by Vertically Integrated Projects, via
its financial sponsor Blackford Capital, through an LBO on March
18, 2021 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 March 2021
Company Name Description Deal Synopsis
BridgeView - A Division of
Consero
Provider of finance and administration services to firms
focused on investment and financial management. The
company offers services including business registration,
local licensing, vendor selection and cloud-based
accounting to financial services organizations including
private equity and venture capital firms as well as hedge
funds.
The company was acquired by Consero Global Solutions, via its
financial sponsor Kayne Anderson Capital Advisors, through an
LBO on March 3, 2021 for an undisclosed sum.
Cameron Wire & Cable Distributor of commercial and industrial wire, cable and
related accessories to the renewable energy, building
wire, industrial and utility end markets. The company,
through its electrical distribution business unit, focuses on
copper, aluminum and specialty wire and cable product
offerings and services for the electrical distribution
market while the renewable energy business unit supplies
specialty cable, custom cable kits and customized
engineered services, ensuring productivity and
profitability.
The company received an undisclosed amount of development
capital from Kinderhook Industries on March 30, 2021. In
support of this transaction, Regions Financial provided debt
financing to the company and the company was recapitalized.
Cascadia Custom Molding Provider of thermoplastic components intended for
medical, aerospace and consumer goods. The company
also provides inkjet printing, point of sale packaging, drop
shipment, pad printing and sonic welding.
The company was acquired by Ritus Corporation, via its financial
sponsor Blue Point Capital Partners, through an LBO on March
30, 2021 for an undisclosed sum. The acquisition will expand
Ritus Corporation's product offerings and geographic footprint
into the Pacific Northwest while enhancing manufacturing
capabilities and diversifying end markets served.
Catcon Group Provider of property restoration and damage control
services intended for multifamily, commercial and
industrial properties. The company offers contracting,
renovations, clean-up and construction-defect repairs
with an intention to make the restoration and
reconstruction as seamless and stress-free as possible
with services all across the United States.
The company was acquired by Blackmon Mooring, via its
financial sponsor AEA Investors, through an LBO on March 16,
2021 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 March 2021
Company Name Description Deal Synopsis
Central Analysis Bureau Provider of risk assessment and data services intended for
the transportation insurance industry. The company
utilizes a complex system for rating, tracking and
analyzing motor carrier's financial and safety strength,
enabling insurance carriers and agents to make better,
more informed decisions.
The company was acquired by Randall-Reilly, via its financial
sponsors Aurora Capital Group and The Cambria Group, through
an LBO on March 4, 2021 for an undisclosed sum.
Chirisa Investments (Chicago
Data Center)
A 105,682 square-feet data center facility in Chicago,
Illinois. The asset consists of over 30,000-square-feet of
white space and more than 2.4-megawatt of critical load.
The data center of Chirisa Investments was acquired by
Landmark Dividend, via its financial sponsor American
Infrastructure Funds, on March 4, 2021 for an undisclosed sum
Chris Glynn's Tree Experts Provider of tree care services intended to keep properties
beautiful, safe and protected. The company offers a range
of services including tree pruning, removal, stump
grinding as well as general landscaping to customers.
The company was acquired by SavATree, via its financial
sponsor CI Capital Partners, through an LBO on March 15, 2021
for an undisclosed sum.
Ciro's Sewer Cleaning Provider of sewer cleaning and inspection services to
residential, commercial, industrial and municipal
customers. The company provides liquid waste
management, sewer and drain cleaning, inspection and
repair services throughout the State of Ohio.
The company was acquired by Liquid Environmental Solutions,
via its financial sponsors Audax Group and Diverse Communities
Impact Fund, through an LBO on March 11, 2021 for an
undisclosed sum.
CivilTech Engineering Provider of civil and transportation engineering consulting
services intended for local, state and federal clients. The
company uses its expertise to advise clients on public
infrastructure projects including highways, roads, bridges,
stormwater drainage systems, flood control facilities,
water and wastewater systems and airports.
The company was acquired by Woolpert, via its financial
sponsors Long Point Capital, Stags Participations and TriSpan,
through an LBO on March 3, 2021 for an undisclosed sum.
Cleanstreet Provider of street sweeping services intended to maintain
cleanliness. The company provides M]municipal street
sweeping, stormwater system cleaning, business
improvement services, concrete scrubbing, special event
clean-up, construction sweeping, grease removal to
California municipalities, private contractors, and
commercial properties.
The company was acquired by Sweeping Corporation of
America, via its financial sponsor Warburg Pincus, through an
LBO on March 4, 2021 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 March 2021
Company Name Description Deal Synopsis
Colony Capital (Hospitality
Business Portfolio)
Six hospitality business portfolios in Los Angeles,
California. The six portfolios consist of 22,676 rooms
across 197 hotel properties.
The Hospitality Business Portfolio of Colony Capital was
acquired by Cerberus Capital Management and Highgate Hotels
through a $2.8 billion LBO on March 25, 2021.
Colson Group Manufacturer and distributor of caster and wheel
products based in Oakbrook Terrace, Illinois. The
company engages in producing innovative caster and
wheel products in its facilities as well as provides fulfills
needs, enabling businesses to receive a robust product
offering and making the businesses efficient and
profitable.
The company was acquired by Blue Wolf Capital Partners
through a $230 million LBO on March 1, 2021. The transaction
was supported by $170 million of debt financing in the form of a
senior secured credit facility from MidCap Financial.
Confidential Communications
International
Provider of medical record retrieval and deposition
services intended for law firms, insurance companies and
corporations. The company offers records retrieval, court
reporting and process services and acts as a disinterested
third party, providing both plaintiff and defense counsel
with litigation support.
The company was acquired by Lexitas, via its financial sponsor
Apax Partners, through an LBO on March 16, 2021 for an
undisclosed sum.
Construction Services Company Provider of loss assessment services intended for the
construction consulting industry. The company offers
perspective and level of communication, physical
research of records and provides detailed information
focusing on the varied needs of the claims industry.
The company was acquired by Sedgwick Claims Management
Services, via its financial sponsors Ardian, Caisse de dépôt et
placement du Québec, Stone Point Capital and The Carlyle
Group, through an LBO on March 2, 2021 for an undisclosed
sum.
Control Works Provider of building control system services to the
commercial and industrial market spaces. The company's
experienced technicians offer design, installation and
servicing of building automation solutions (BAS) to
customers across Madison.
The company was acquired by Reedy Industries, via its financial
sponsor Audax Group, through an LBO on March 4, 2021 for an
undisclosed sum. The acquisition will allow Reedy Industries to
expand into the Madison metropolitan region by increasing its
building automation and controls prowess.
Cosgrove Enterprises Supplier of janitorial, sanitary and cleaning products
based in Miami Lakes, Florida. The company offers a wide
variety of sanitary, janitorial products, enabling customers
with quick and easy availability of products.
The company was acquired by Imperial Dade, via its financial
sponsor Bain Capital, through an LBO on March 12, 2021 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 March 2021
Company Name Description Deal Synopsis
DFS Marketing Provider of insurance marketing services to finance
professionals and insurance agents. The company
leverages a robust sales training platform to help
independent agents improve their sales performance
through the distribution of fixed index annuities to pre-
retirees, baby boomers and seniors, enabling them to
grow their business.
The company was acquired by AmeriLife Group, via its financial
sponsors Thomas H. Lee Partners and Waterfield Group,
through an LBO on March 2, 2021 for an undisclosed sum.
Digital Signage Expo Operator of a trade show dedicated to digital signage,
interactive technology, and Out-of-Home (OOH)
networks. The company's expo allows attendees to
explore every aspect of digital and interactive display,
from concept and design to content and analytics, while
also offering educational conferences, enabling clients to
transform their business communication, customer
engagement and brand experiences.
The company, a business unit of Exponation, was acquired by
Questex, via its financial sponsor MidOcean Partners, through
an LBO on March 25, 2021 for an undisclosed sum.
Duer Carolina Coil Manufacturer of coil springs intended to meet the most
exacting requirements and needs of customers in every
line of manufacturing. The company offers hot and cold
wound springs in configurations such as compression,
extension, torsion, pigtail, conical and variable pitch
which are processed through computerized load testing
equipment, intended for application in valves and
actuators, mining and construction, automotive, military,
heavy-duty truck suspension and agriculture industry.
The company was acquired by MW Industries, via its financial
sponsor American Securities, through an LBO on March 26,
2021 for an undisclosed sum.
Duquette Refrigeration Provider of superior HVACR service and installations for
supermarkets, convenience stores, refrigerated
warehouses, manufacturing, commercial office and retail
customers. The company provides rack systems, display
cases, self-contained cases, walk-in coolers, warehouse
refrigeration, ice-making equipment and process cooling.
The company was acquired by Coolsys, via its financial sponsor
Ares Private Equity Group, through an LBO on March 31, 2021
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 March 2021
Company Name Description Deal Synopsis
E3 Outsource Provider of outsourced employee benefits management
and technology services intended for handling the HR
needs of a workforce. The company offers open
enrollment, claims, benefit coaching and guidance in
evidence of insurability, enabling employees to make
educated decisions regarding their benefits choices and
alleviating the burden from the HR team.
The company was acquired by Alera Group, via its financial
sponsors Genstar Capital and The Carlyle Group, through an LBO
on March 1, 2021 for an undisclosed sum. The acquisition
provides enhanced employee benefits services to Alera Group
clients in more than 100 locations throughout the country.
Eastern Pipe Service Provider of sewer pipe inspection and pipeline inspection
services based in New Hampshire, United States. The
company provides sewer and drain pipeline cleaning,
catch basin cleaning, hydro-excavation, sewer evaluation
and maintenance services.
The company was acquired by Wind River Environmental, via its
financial sponsor Gryphon Investors, through an LBO on March
3, 2021 for an undisclosed sum.
EBS Healthcare provider of clinic, school and home-based behavioral and
therapeutic services to children with autism, special
needs and developmental/behavior issues. The company
offers education programs in the fields of audiology,
behavior and ABA therapy, occupational therapy,
paraprofessional, physical therapy, psychology, school
nurse, speech-language pathology and teacher of the
deaf and hard of hearing, enabling therapists and special
educators to meet their educational needs.
The company was acquired by Stepping Stones Group, via its
financial sponsors Five Arrows Capital Partners and Florac,
through an LBO on March 15, 2021 for an undisclosed sum.
Madison Capital Funding LLC provided debt financing to
Stepping Stones Group for the transaction.
Enginetics Aerospace Manufacturer of metal-formed components for the
aviation market. The company designs and builds
complex, 3-D formed components and welded assemblies
commercial-grade and military aircraft engines.
The company, a subsidiary of Standex International, was
acquired by Enjet Aero, via its financial sponsor VantEdge
Partners, through a $11.5 million LBO on March 31, 2021.
Eurekanomics Provider of litigation services based in El Cerrito. The
company offers services focused on economics, finance,
damages and valuations to clients.
The company was acquired by Intensity, via its financial sponsor
Tide Rock Holdings, through an LBO on March 16, 2021 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 March 2021
Company Name Description Deal Synopsis
Fire Alarm Services Provider of fire protection services covering the regions of
Denver Metropolitan, Northern Colorado, the central and
plains areas and the rocky mountains. The company offers
a range of services including system monitoring, fire
sprinkler services, pressurization systems testing, security
systems maintenance as well as electrical services to
customers.
The company was acquired by Pye Barker Fire & Safety, via its
financial sponsor Leonard Green & Partners, through an LBO on
March 5, 2021 for an undisclosed sum.
Flanders (US) Manufacturer of electrical motor, automation systems
and components for mining, mills, general industrial,
power and utilities, oil & gas and marine industry. The
company specializes in engineering, manufacturing and
servicing large electrical rotating equipment and systems
as well as offers advanced controls and software for
heavy machines.
The company was acquired by Center Rock Capital Partners
through an LBO on March 1, 2021 for an undisclosed sum.
FocusVision Worldwide Provider of qualitative and quantitative technology
services to the market research industry. The company
offers survey and customer insights software for
qualitative and quantitative research from online surveys
to test brand and product awareness, webcam interviews
and focus groups to uncover the motivations and
emotions behind a person's opinions and behaviors,
through to understanding how products and causes
impact a consumer's lifestyle via social-media styled
online communities, online bulletin boards, video diaries,
point-of-sale display and concept testing.
The company was acquired by Confirmit, via its financial
sponsors Zobito and Verdane, through a $365 million LBO on
March 09, 2021. Antares Capital, BMO Capital Markets, HSBC
Bank provided $4.3 million incremental first lien term loan in
support of this transaction.
GE Additive (Three Electron
Beam Printers)
Three electron beam printer. The three printers of General Electric were acquired by Sintavia,
via its financial sponsor Neff Capital Management, through an
LBO on March 2, 2021 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 March 2021
Company Name Description Deal Synopsis
Glass Lewis Provider of global governance services intended to
streamline proxy voting and engagement processes. The
company is focused on providing corporate governance
and proxy vote management to deliver transparency and
efficiency to investments, operations and compliance
teams, enabling institutional investors to understand and
connect with the companies in which they invest.
The company was acquired by Peloton Capital Management and
Mr. Stephen Smith through an LBO on March 16, 2021 for an
undisclosed sum.
Global Eagle Global Eagle Entertainment Inc provides content,
connectivity, and digital media solutions for the travel
industry worldwide. It operates in two segments, Media
and Content, and Connectivity. The Media and Content
buys, produces, manages, distributes, and provides post-
production services and wholly-owned and licensed
media content, video and music programming,
advertising, applications, and video games for and to the
airline, maritime, and other away from home non-
theatrical markets. Its Connectivity segment provides
satellite-based connectivity services to enterprise and
government customers in the aviation, maritime, and land
vertical markets. The company derives maximum revenue
from Connectivity segment and geographically from Asia
and Middle East.
The company was acquired by Apollo Global Management,
Arbour Lane Capital Management, BlackRock, Mudrick Capital
Management, Eaton Vance and Sound Point Capital
Management through a $675 million LBO on March 23, 2021. As
a result of the proposed transaction, the company will reduce
its total debt by approximately $475 million and obtain
significant additional liquidity.
Hammer Packaging Manufacturer of package printing and decoration
products for food and beverage, household, personal
care, wine and spirits brands. The company offers
products including cut and stack, in-mold, pressure
sensitive, roll-fed and shrink sleeve labels and flexible
package printing products.
The company was acquired by Fort Dearborn, via its financial
sponsor Advent International, through an LBO on March 2, 2021
for an undisclosed sum.
Hy-Tek Holdings Provider of material handling services based in Columbus.
The company offers automation integration and handling
system solutions to clients across e-commerce, third-
party logistics and parcel markets.
The companies was acquired by Dunes Point Capital through an
LBO on March 24, 2021 for an undisclosed sum. The debt for
the transaction was provided by M&T Bank.
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 March 2021
Company Name Description Deal Synopsis
In2Food Gourmet Distributor of food products intended to serve the
American pastry market. The company distributes
European premium brand products cake, chocolate,
crepes, pastry creams, tart shells, silicon mats and
decorative toppings.
The company was acquired by IRCA Group, via its financial
sponsors DVR Capital and The Carlyle Group, through an LBO on
March 12, 2021 for an undisclosed sum.
Inici Group Provider of project management and owner's
representation services to public and private clients in the
healthcare, research, justice, sports, academic,
commercial and hospitality sectors. The company offers a
full range of services that guide projects from concept
and design through construction and occupancy, enabling
clients to reduce operational costs.
The company was acquired by Cumming Group, via its financial
sponsors Tailwind Capital, Audax Group and Hartford
Investment Management Company, through an LBO on March
5, 2021 for an undisclosed sum.
Innovative Marking Systems Provider of roadway marking and maintenance services
across the western United States. The company offers
highway striping and removal, epoxy and waterborne
paint pavement markings and sign installation.
The company was acquired by RoadSafe Traffic Systems, via its
financial sponsors Aperion Management and ORIX Capital
Partners, through an LBO on March 8, 2021 for an undisclosed
sum. The acquisition will further establish RoadSafe Traffic
Systems' position in the Mountain West region and facilitate its
expansion into the Utah market.
Instructional Technologies Provider of online training and learning management
system software to transportation and logistics
companies. The company offers flexible lesson
methodologies and training content and 3D animations
that improve retention, ensure subject matter mastery
and lower the total cost of training, enabling companies
to reduce crashes, develop and retain drivers and reduce
liability related to employees and contractors behind the
wheel.
The company was acquired by SambaSafety, via its financial
sponsors HarbourVest Partners and ABRY Partners, through an
LBO on March 19, 2021 for an undisclosed sum.
INW Innovations in Nutrition +
Wellness
Manufacturer of dietary supplements, sports nutrition
and personal care products. The company provides
contract manufacturing, product development and
formulation using a highly automated process with
variable size and product delivery capabilities, providing
clients a one-stop-shop for all contract manufacturing
needs.
The company was acquired by Cornell Capital and its
management through an LBO on March 29, 2021 for an
undisclosed sum. Through this transaction Cornell Capital is also
providing funding for the acquisition of Bee Health.
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 March 2021
Company Name Description Deal Synopsis
Jason Jones Trucking Provider of trucking, logistics and repair services intended
to deliver goods all across the eastern United States. The
company specializes in the transport of flatbed shipping,
general freight, including drywall gypsum, lumber and
brick, heavy-duty truck and tire repair, providing
customers with safe and prompt delivery of their goods.
The company was acquired by PS Logistics, via its financial
sponsor One Equity Partners, through an LBO on March 1, 2021
for an undisclosed sum. The funds will be used for increasing
company's trucking capacity, service offerings and economies of
scale.
JG Advisory Services Provider of compliance consulting services to the
investment adviser community, specifically designed for
hedge and private equity funds. The company specializes
in compliance services for any group or fund size as well
as litigation support, compliance technology
development, ancillary projects and hedge fund
marketing, providing customized support to advisers that
enables them to maximize their business' potential.
The company was acquired by Foreside Financial Group, via its
financial sponsor Lovell Minnick Partners, through an LBO on
March 9, 2021.
John F. Watson and Company Provider of land surveying and land development services
in Texas. The company's services include land mapping,
geographical information systems (GIS) services and
general development-related consulting, providing pre-
development work, planning assistance and project
analysis in the renewable energy sector and the oil and
gas sector as well as other related municipal, industrial
and commercial related sectors.
The company was acquired by Surveying and Mapping, via its
financial sponsor Austin Ventures, through an LBO on March 8,
2021 for an undisclosed sum.
Jordan & Jordan (Market Data
Reporting)
Provider of reporting and related services intended for
compliance with licensing, provisioning, distribution and
reporting policies. The company offers a range of services
including exchange and vendor reporting, audit and
compliance support as well as documentation support
services to businesses.
The business division of Jordan and Jordan was acquired by TRG
Screen, via its financial sponsor Pamlico Capital, through an LBO
on March 3, 2021 for an undisclosed sum.
Joy's Johns Provider of portable restroom services for construction
and demolition sites as well as sporting events. The
company offers a range of restrooms and accessories
including luxury trailers, storage tanks and event
restrooms to customers.
The company was acquired by Lakeshore Recycling Systems, via
its financial sponsors MapleWood Partners and Goldman Sachs
Growth Equity, through an LBO on March 31, 2021 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 March 2021
Company Name Description Deal Synopsis
Kerkstra Precast Manufacturer of precast and prestressed concrete
products intends to serve the industrial, commercial,
residential and infrastructure markets. The company's
product offering includes structural and architectural wall
panels, hollow-core planks, beams, columns, double tees,
stairs and other specialty products, serving all across the
Midwest.
The company was acquired by Fabcon Precast, via its financial
sponsor Solace Capital Partners, through an LBO on March 31,
2021 for an undisclosed sum. The acquisition strengthens
Fabcon's position in the precast market with seven
manufacturing locations in Minnesota, Michigan, Kansas, Ohio,
Pennsylvania and New York.
Kestrel Health Information Publisher of sourcebook for wound care clinicians,
academics and other medical professionals. The company
is a virtual conference producer, content provider and
also provides marketing services specializing in the wound
care market and medical device marketing.
The company was acquired by HMP Global, via its financial
sponsor Susquehanna Growth Equity, through an LBO on March
23, 2021 for an undisclosed sum.
Kleensweep Construction
Services (Collection and Recycling
Business Division)
Provider of collection and recycling services based in
Milton, Washington. The business unit offers service lines
and fleet assets for the collection and transportation of
recyclables to clients in the southeast Seattle
metropolitan region.
The business unit of Kleensweep Construction Services, was
acquired by DTG Recycling Group, via its financial sponsor
Clairvest Group, through an LBO on March 29, 2021 for an
undisclosed sum. The acquisition will help DTG Recycling Group
establish itself in one of Seattle's regions where it has a limited
presence.
L&G Environmental Operator of a non-hazardous liquid waste processing
facility. The company's facility helps process liquid waste
that will be sent to the composting operations for
beneficial reuse.
The company was acquired by American Allwaste, via its
financial sponsor NewHold Enterprises, through an LBO on
March 8, 2021 for an undisclosed sum.
Label Graphics Manufacturing Provider of labeling and printing services intended to
serve the pharmaceutical, nutraceutical, cosmetics,
beauty and other markets. The company manufactures
custom pressure-sensitive labels and shrink sleeves,
helping businesses with their label printing needs.
The company was acquired by Overnight Labels, via its financial
sponsor Dunes Point Capital, through an LBO on March 31, 2021
for an undisclosed sum.
Leaderboard Branding Provider of naming and branding services intended for
healthcare, biopharma, consumer and B2B companies.
The company offers a detailed brand development
roadmap, strategic insights, relationship management,
design and drug safety to clients.
The company was acquired by Fingerpaint, via its financial
sponsors Knox Lane and Apollo Investment, through an LBO on
March 23, 2021 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 March 2021
Company Name Description Deal Synopsis
LifeProtection Sprinkler Provider of life safety services for warehouses, industrial,
commercial, retail and residential properties. The
company's technicians specialize in wet, dry, preaction,
deluge and fire pumps, offering inspection, service and
installation of fire sprinkler and alarm systems.
The company was acquired by Pye Barker Fire & Safety, via its
financial sponsor Leonard Green & Partners, through an LBO on
March 26, 2021 for an undisclosed sum. The acquisition
expands Pye Barker Fire & Safety's presence in Dallas.
LockeyUSA Manufacturer of keyless door and gate security products
intended for commercial and residential applications. The
company's products include keyless locks, hydraulic gate-
closing hardware and panic hardware, providing home
and business owners with security and convenience.
The company was acquired by Nationwide Industries, via its
financial sponsors Harbour Group and Manulife Investment
Management, through an LBO on March 1, 2021 for an
undisclosed amount.
Lojack (North American Stolen
Vehicle Recovery Business)
Provider of tracking and recovery systems in North
America.
The North American Stolen vehicle recovery business of Lojack,
was acquired by Spireon, via its financial sponsor Greenbriar
Equity Group, through an LBO on March 16, 2021 for an
undisclosed sum.
Mashburn Outdoor Provider of outdoor advertising services in the United
States. The company operates digital and traditional
billboards, working with local, regional as well as national
advertisers.
The company was acquired by Stacker Holdings through an LBO
on March 12, 2021 for an undisclosed sum. The funding will be
used to support future acquisitions.
Midwest Keyless Distributor of replacement automotive remotes,
transponder keys and locksmith tools for locksmiths and
automotive professionals throughout the United States
and Canada. The company remanufactures and supplies
new and refurbished replacement original equipment
manufacturer (OEM) and aftermarket keyless entry
remotes and keys as well as key-cutting and programming
equipment, providing technical support and ongoing
education through its on-staff experts and training
seminars on programming and key-cutting equipment
that improve locksmith education and proficiency.
The company was acquired by Automotive Keys Group, via its
financial sponsor Kinderhook Industries, through an LBO on
March 23, 2021 for an undisclosed sum. The acquisition
magnifies Automotive Keys Group's presence in the wholesale
and locksmith sales channels and adds an experienced and
committed team to the organization. The company's
differentiated procurement model and customer service
processes will be leveraged across the broader Automotive Keys
Group platform.
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 March 2021
Company Name Description Deal Synopsis
Morningside Translations Provider of comprehensive translation services intended
to offer linguists and legal experts in over 100 languages
and dialects. The company's services include deposition,
document management, filing, voiceovers, subtitling,
interpretation services and website translation, enabling
life sciences, legal, consumer products, energy,
electronics, media and entertainment industries to meet
their language and multimedia services.
The company was acquired by Questel, via its financial sponsors
Eurazeo, IK Investment Partners and RAISE, through an LBO on
March 24, 2021 for an undisclosed sum.
Morris Light & Sound Provider of lighting and sound solutions. The company
offers light and sound experiences for multi-stage
festivals, conferences, stadiums, houses of worship and
businesses, providing audio-visual environments tailored
to the client's goals.
The company was acquired by Solotech, via its financial
sponsors Siparex Group, Claridge, Investissement Québec and
Desjardins Capital, through an LBO on March 3, 2021. This
acquisition was made to strengthen Solotech's live productions
and systems integration divisions in the US and to expand its
inventory.
New England Label Provider of printing services. The company specializes in
labeling services, digital printing, flexographic printing,
silkscreen printing and document printing.
The company was acquired by Resource Label Group, via its
financial sponsors First Atlantic Capital and TPG Growth,
through an LBO on March 8, 2021.
NielsenIQ Provider of retail and consumer data platform intended
for retailers and manufacturers. The company offers data
and builds tools that use predictive models to turn market
observations into business decisions and winning
solutions and these data and insights provide the
essential foundation that makes markets possible in the
rapidly evolving world of commerce, enabling better
innovation, faster delivery, and bolder decision-making.
The company, a subsidiary of The Nielsen Company (NYSE:
NLSN), was acquired by Advent International and Mr. James
Peck through a $2.7 billion LBO on March 5, 2021. As a part of
the transaction, $1.845 billion debt financing in the form of
revolving credit line and term loan B was provided by Bank of
America, Capital One Financial, UBS Investment Bank, Barclays,
Deutsche Bank AG, HSBC, RBC Capital Markets, MUFG and Wells
Fargo.
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 March 2021
Company Name Description Deal Synopsis
nuCloud Provider of interactive campus map and tour software
service for college students. The company provides a
software-as-a-service (SaaS)-based application that allows
users to navigate and click through the map on a touch
device as well as to upload icons, photos, videos,
panoramas and audio files to associate with their points
of interest on campus, enabling education institutions to
build interactive maps and virtual tours that make it easy
for students to experience the campus of their choice in a
unique way.
The company was acquired by Modern Campus, via its financial
sponsors Saratoga Investment and The Riverside Company,
through an LBO on March 23, 2021 for an undisclosed sum. The
acquisition allows Modern Campus to improve the student
experience and deliver a personalized learner-to-earner
journey.
Oasis Materials Manufacturer of ceramic heaters used in semiconductor,
medical, defense and aerospace applications. The
company's products include stainless steel and glass
heaters, ultra-thin flexible zirconia, thin-film circuits and
wafer heaters.
The company was acquired by Fralock, via its financial sponsor
Arsenal Capital Partners, through an LBO on March 9, 2021 for
an undisclosed sum. This acquisition will enable Fralock Holdings
to incorporate the company's technology into its existing suite
of products to offer a wider variety of solutions for customers
seeking cost-competitive ways to augment precision thermal
management in critical applications.
Ortega Group Provider of consulting services intended to serve Amazon
sellers and vendors. The company offers a range of
services including strategic retail operations, A9 search
optimization, negotiating vendor contracts and trade
terms, content optimization and catalog evergreening,
product white space analysis, demand forecasting and
product launches, helping clients with retail strategies
that meet their business needs.
The company was acquired by Tinuiti, via its financial sponsors
New Mountain Capital and Capital Southwest, through an LBO
on March 17, 2021 for an undisclosed sum. The acquisition will
enable the company to deepen its expertise in marketplaces
and retail media and to expand its services globally.
Pacific Sweeping Provider of street sweeping services throughout Southern
California counties of San Diego, Orange, San Bernardino
and Riverside. The company offers a range of services
including municipal street sweeping, parking lot
sweeping, power washing services as well as fugitive dust
control services to municipalities, commercial businesses
and general contractors.
The company was acquired by Sweeping Corporation of
America, via its financial sponsor Warburg Pincus, through an
LBO on March 4, 2021 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 March 2021
Company Name Description Deal Synopsis
Packard Distributor and supplier of HVACR (heating, ventilation,
air conditioning and refrigeration) motors and parts. The
company specializes in offering a variety of compressors,
draft inducers, air handling equipment like blower wheels
and metal fan blades, electrical components like
capacitors, contactors along with accessories like
mounting brakes and shaft adapters to its clients.
The company was acquired by DiversiTech, via its financial
sponsor Permira, through an LBO on March 5, 2021 for an
undisclosed sum.
PDC Machines Designer and manufacturer of specialty gas compression
systems for hydrogen energy applications worldwide. The
company engages in the design and engineering of basic-
to fully-instrumented leak-free, non-contaminating
reciprocating diaphragm gas compression systems in
accordance with customer specifications for automobiles,
bus and material handling fueling market, enabling clients
to increase their engineering efficiency, shorten the
delivery cycle and comply with domestic and international
codes.
The company received an undisclosed amount of development
capital from Arcline Investment Management on March 23,
2021. As a result of the transaction, the company was
recapitalized.
Pelco Products Manufacturer and supplier of traffic and utility hardware
based in Oklahoma, United States. The company's
products include traffic signal hardware, utility products
and decorative outdoor lighting.
The company was acquired by River Associates Investments
through an LBO on March 17, 2021 for an undisclosed sum.
Financing for this transaction was provided by Madison Capital
Funding and Northstar Mezzanine Partners to support hte
transaction.
Pioneer Well Services Provider of well service rigs and packages intended for
workover or completion operations and construction
services sector. The company offers fluid transfer, hot
oiling, frac tank rental, well site construction, fishing
packages and heavy machinery in Permian Basin.
The company, a subsidiary of Pioneer Natural Resources, was
acquired by Argonaut Private Equity, through an LBO on March
22, 2021 for an undisclosed sum.
PLTFRMR Provider of marketing, advertisement and brand
management services intended for startups and large
corporations. The company specializes in defining,
designing and developing brand marketing platforms for
new and existing companies.
The company was acquired by VICE Media, via its financial
sponsors Lupa Systems and TPG, through an LBO on March 30,
2021 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 March 2021
Company Name Description Deal Synopsis
PRGX Global PRGX Global Inc is engaged in providing recovery audit
and spends analytics service. Its services include recovery
audit, spend analytics and supplier information
management services. The company conducts its
operations through three reportable segments: Recovery
Audit Services - Americas, Recovery Audit Services -
Europe/Asia-Pacific and Adjacent Services. The Recovery
Audit Services - Americas segment are the largest
segment in terms of clients served and revenue
generated. The Recovery Audit Services - Europe/Asia-
Pacific segment represents recovery audit services
provided in Europe, Asia, and the Pacific region. Adjacent
Services offerings are generally provided to clients on a
global basis. The vast majority of the firm's revenue
comes from recovery audit.
The company was acquired by Ardian through an estimated
$195 million public-to-private LBO on March 4, 2021.
Pro-Tek Mechanical Provider of maintenance services intended for industrial,
commercial, and residential customers. The company
offers to maintain, install and repair mechanical devices
such as heating or air conditioning systems, energy-saving
thermostats, air filtration and humidification products as
well as piping systems for lab equipment, distribution
panels, dry coolers, washers and chillers, ensuring its
clients improved efficiency and lower costs.
The company was acquired by Reedy Industries, via its financial
sponsor Audax Group, through an LBO on March 16, 2021 for an
undisclosed sum. With this acquisition, Reedy Industries will
expand its market share in the Chicago metropolitan region by
maintaining focus on their core end markets - industrial and
pharmaceutical/labs customers.
Public Label Provider of marketing services intended to help brands
recognize and align with consumer motivations and
cultural movements. The company identifies and
harnesses cultural trends by tapping into what people
already believe in to build stronger brand affinity and
loyalty, enabling clients to accelerate brand growth.
The companies, subsidiaries of Match Marketing Group, were
acquired by Innovatus Capital Partners through an LBO on
March 17, 2021 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 March 2021
Company Name Description Deal Synopsis
PWS Laundry Distributor of commercial laundry equipment and parts
based in California, United States. The company provides
laundromats for sale, laundry equipment for sale, laundry
services, laundry parts and supplies, home laundry
equipment, multi-housing equipment.
The company was acquired by Alliance Laundry Systems, via its
financial sponsors BDT Capital Partners, Torreal and Ontario
Teachers' Pension Plan, through an LBO on March 1, 2021 for an
undisclosed sum.
Rabco Enterprises Provider of self-storage design options and different types
of steel buildings, including agricultural steel buildings,
airplane hangars and sports facilities intended for
maximizing site utilization for the best possible return on
self-storage investment. The company provides expert
site planning, unit/mix analysis, installation and
customization options for roof systems, insulation and
framing systems, offering customers quality, flexibility,
versatility and minimized self-storage development costs.
The company was acquired by Mako Steel, via its financial
sponsor New State Capital Partners, through an LBO on March
17, 2021 for an undisclosed sum.
Registry Monitoring Insurance
Services
Provider of insurance monitoring and compliance services
intended for brokers, third-party logistics and shippers.
The company provides collecting and monitoring
insurance certificates and manages compliance rules as
well as offers customized tools to manage and track
carriers, vendors, suppliers, tenants and contractors,
enabling its clients to reduce risk, cut costs, eliminate
paperwork and automate the registration and compliance
process.
The company was acquired by Truckstop.com, via its financial
sponsors Golub Capital BDC and ICONIQ Capital, through an LBO
on March 22, 2021 for an undisclosed sum. The acquisition will
give Truckstop.com carrier onboarding and insurance
monitoring and solidifying its leadership in providing solutions
that strengthen broker, shipper and carrier relationships.
Rocky Mountain Construction
Wholesale
Distributor and wholesaler of insulation and related
building materials based in Colorado, United States. The
company provides fiberglass insulation, blowing wool,
spray foam insulation.
The company was acquired by Specialty Products & Insulation,
via its financial sponsor Dunes Point Capital, through an LBO on
March 4, 2021 for an undisclosed sum.
S&S Activewear Distributor of premium wholesale apparel and accessories
based in Bolingbrook, Illinois. The company specializes in
retail sales of blank sportswear, corporate apparel and
accessories, including T-shirts, fleece, sweatshirts,
headwear, athletics and outerwear sourced from variety
of brands.
The company was acquired by Clayton and Dubilier & Rice and
its management through an LBO on March 11, 2021 for an
undisclosed sum. The transaction was financed by a $625
million second lien term loan, a $175 million term loan B and a
$225 million asset-based revolver, from a Barclays, Deutsche
Bank, BMO, Credit Suisse, Natixix, Truist and Keybank.
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 March 2021
Company Name Description Deal Synopsis
SEI Group Provider of residential building products installation
services based in Doraville, Georgia. The company
engages in offering a diverse range of products including
insulation, gutters, garage doors, fireplaces, house wrap,
door hardware and mailboxes, enabling builders and
general contractors to residential construction markets in
Atlanta to receive reliable services.
The company was acquired by Quad-C Management through an
LBO on March 15, 2021 for an undisclosed sum.
Southern Truck Center Provider of truck and trailer repair and maintenance
service. The company specializes in offering a range of
services including electronic diagnostics, transmission
repair, wheel alignment, fleet refurb, engine rebuild and
roadside services, helping the drivers to get back to the
road as soon as possible.
The company was acquired by FleetPride, via its financial
sponsors TPG Growth, American Securities and ACE & Company,
through an LBO on March 31, 2021 for an undisclosed sum.
SS Industries Manufacturer of building products and materials for the
homeowner, contractor and professional stair customers.
The company offers materials including spiral stairs,
straight stairs and barn doors to clients.
The company was acquired by The Marwin Company, via its
financial sponsors Validor Capital and Tecum Capital, through an
LBO on March 30, 2021 for an undisclosed sum. The deal leads
to further diversifying The Marwin Company's product offering
and expanding its distribution capabilities with a direct-to-
consumer ("DTC") model.
System One Holdings Provider of professional staffing services in the U.S. The
company provides staffing and technical outsourcing
services to clients in the energy, engineering healthcare
and scientific sectors. It also offers a technology platform
that provides vendor management system functionality
needed to standardize workflows for key hiring processes.
The company was acquired by GFI Energy Group through an LBO
on March 2, 2021, for an undisclosed sum. In support of the
transaction, Truist, MUFG Union Bank, and Stifel Financial
provided $335 million of debt financing in the form of a $45
million revolving credit line and a $290 million term loan B.
Terra Group Corporation Developer and manufacturer of water purification
systems intended for military field applications. The
company offers portable, tactical and emergency water
purification, storage as well as distribution systems for
disasters and Nuclear, Biological and Chemical (NBC)
decontaminations, enabling rapid response, remote
locations and expeditionary teams to provide potable
water and sanitation support.
The company was acquired by HDT Global, via its financial
sponsor Charlesbank Capital Partners, through an LBO on March
8, 2021 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 March 2021
Company Name Description Deal Synopsis
Tessendorf Mechanical Services Provider of mechanical services intended to install and
repair commercial, industrial and residential mechanical
systems. The company employs expert technicians to
troubleshoot, service and replace complex mechanical
systems, preventing problems before they occur and
maintaining systems at a low cost.
The company was acquired by Reedy Industries, via its financial
sponsor Audax Group, through an LBO on March 3, 2021.
The Young Engineers Manufacturer of aircraft and aerospace hardware
products based in California. The company's product
range consists of various industry-standard and
proprietary potted-in, mechanically attached, floating nut
and floor panel fasteners, along with rivet inserts, tensile
fasteners and installation tooling for industrial use.
The company was acquired by Novaria Group, via its financial
sponsor Kohlberg Kravis Roberts, through an LBO on March 9,
2021 for an undisclosed sum.
Triatomic Environmental Provider of indoor air quality products based in Florida,
United States. The company specializes in indoor air
quality, clean air technology, blue-tube UV, and
ultraviolet germicidal irradiation products.
The company was acquired by DiversiTech, via its financial
sponsor Permira, through an LBO on March 24, 2021 for an
undisclosed sum.
TricorBraun Distributor of packaging products in North America. The
company provides packaging products ranging from
plastic and glass containers, closures, dispensers, to tubes
and flexibles across a wide array of customer end
markets, as well as offers services in package design,
engineering and development, global sourcing and
logistics management.
The company was acquired by Ontario Teachers' Pension Plan
and Ares Management through an LBO on March 3, 2021 for an
undisclosed sum. Credit Suisse, Antares Capital, Nomura
Securities, UBS Securities, Alcentra, Anchorage Capital, Audax,
Barings, Canyon Partners, Carlyle, CBAM, CVC, Eaton Vance,
Golub Capital and other lenders provided $1.447 billion debt
financing in the form of a $1.067 billion first lien term loan B, a
$140 million asset based revolver, a $240 million first lien
delayed drawn term loan and a $343 million second lien term
loan in support of this transaction.
Triple T Pipe & Supply Distributor of waterworks products located in Lubbock,
Texas. The company offers pipe, valves, hydrants, fittings
and other related products to contractors for any size job
sourced from quality manufacturers.
The company was acquired by Core & Main, via its financial
sponsor Clayton, Dubilier & Rice, through an LBO on March 1,
2021 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 March 2021
Company Name Description Deal Synopsis
Truist (BB&T Recordkeeping
Retirement Business)
Provider of recordkeeping business services based in
Charlotte, North Carolina.
The BB&T recordkeeping retirement business of Truist was
acquired by Ascensus, via its financial sponsors Genstar Capital,
Atlas Merchant Capital, Aquiline Capital Partners and
Government of Singapore Investment Corporation (GIC),
through an LBO on March 3, 2021 for an undisclosed sum.
U.S. Nursing Provider of nurse staffing services. The company staffs
and helps to avert nursing labor disputes nationwide and
staffing services including staffing job actions, traveling
healthcare and per diem on-site registry to the healthcare
industry.
The company was acquired by Cornell Capital and Trilantic
North America through an LBO on March 5, 2021 for an
undisclosed sum.
Ultco Distributor of specialty seafood dedicated to bringing a
sustainable and traceable approach to high growth areas
of the seafood industry. The company primarily focuses
on responsibly ocean raised and wild harvested species
and caters to clients ranging from high end natural food
retailers and white tablecloth restaurants to business
class airline service and fast casual dining, providing them
with quality, clean label seafood products in new and
accessible formats.
The company was acquired by Milarex, via its financial sponsor
Summa Equity, through an LBO on March 15, 2021 for an
undisclosed sum.
United Infrastructure Group Provider of construction services for multiple sectors
including environment, facilities, the federal government,
safety, infrastructure, transportation and real estate. The
company offers services including bridge rehabilitation,
replacement, and new construction of the marine,
interstate, interchange, and secondary road bridges,
interstate widening, repair, and construction, site grading,
paving, resurfacing for the clients.
The company received a $20 million of development capital
from AAVIN Private Equity and management on March 22,
2021. The financing is intended to be used for acquisition of
Carolina Marine Structures. The company also received senior
debt financing for the transaction.
Universal Lighting Technologies Manufacturer and distributor of LED lighting solutions for
the commercial market. The company offers easy-to-
install centralized and decentralized digital lighting
control systems, dimming ballasts and controls, compact
fluorescent ballasts, electronic and magnetic ballasts for
fluorescent and high-intensity discharge lighting
throughout North America.
The company, a subsidiary of Panasonic, was acquired by Atar
Capital through an LBO on March 17, 2021 for an undisclosed
sum. Debt financing for the transaction was provided by FGI
Worldwide.
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 March 2021
Company Name Description Deal Synopsis
Venture Development Center Provider of advisory services in the areas of data
monetization and creative data sourcing. The company
offers alternative data enrichment solutions and makes
use of Artificial Intelligence (AI) and Machine Learning
(ML) to identify, define and implement new revenue
streams and enhance the current data set.
The company was acquired by Stirista, via its financial sponsor
Wavecrest Growth Partners, through an LBO on March 10, 2021
for an undisclosed sum. The acquisition will add unique and
authoritative data offerings and will expand Stirista's identity
assets and power its new data marketplace exchange.
VineBrook Homes (2,267 Single
Family Rental Homes)
A portfolio of 2,267 single family rental homes across
multiple markets in the United States. The homes have
storage, yards, privacy, security and are professional
management, providing an affordable and safe living
space for families.
The single family rental homes were acquired by VineBrook
Homes, via its financial sponsors Access Capital Partners and
NexPoint Real Estate Advisors, through an LBO on March 8,
2021.
Vinventions Manufacturer of a comprehensive range of wine closures.
The company offers screwcaps and closures designed to
maximize performance, design, and sustainability to
support the diverse requirements of still and sparkling
wine producers.
The company was acquired by L-GAM Advisers through an LBO
on March 17, 2021 for an undisclosed sum. The deal will enable
the company to implement an ambitious organic and external
growth roadmap and to establish the company as the leading
supplier of products and services for the wine industry.
Vision Government Solutions Provider of provided property tax software and services
for government organizations. The company's offerings
include land parcel management software technology and
services, enabling local government organizations to get
access to efficient assessment, billing, collections,
mapping, and permitting solutions.
The company was acquired by Rubicon Technology Partners
through an LBO on March 9, 2021 for an undisclosed sum.
VISTA Provider of centralized broadcast services intended for
sports, entertainment, news, corporate and a range of
other industries. The company provides transmission,
production, broadband applications, digital technological
resources to orchestrate media solutions for diversified
projects and allows the clients to make available their
content to the widest possible audience.
The company was acquired by NEP Group, via its financial
sponsors The Carlyle Group and Entrepreneur Partners, through
an LBO on March 2, 2021 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 March 2021
Company Name Description Deal Synopsis
Watlow Manufacturer of complete thermal systems intended to
recommend, develop and deliver the optimum thermal
solution for customer's equipment and process heat
requirements. The company's products include industrial
heaters, sensors, controllers, system assemblies and
software, designed to be customized for almost any
thermal application.
The company was acquired by Tinicum through an LBO on
March 2, 2021 for an undisclosed sum. BMO, Bank of America,
Barclays, Citizens Bank provided $565million debt financing in
the form of term loan B to support the acquisition consisting of
a $515 million term loan B and a $50 million revolving credit
facility. The transaction helps the company to fund significant
investments, enable its acquisition strategy and accelerate its
broader long-term strategy.
Wave Electronics Distributor of electronic equipment intended to build
strong long-term business partnerships through
unparalleled customer service, education, marketing, and
quality products. The company offers cables, headphones,
speakers, subwoofers, volume controls, video screens and
displays, temperature, and lighting control systems,
security cameras, access control systems, and other
related products and accessories.
The company was acquired by Altamont Capital Partners
through an LBO on March 18, 2021 for an undisclosed sum. This
investment will provide liquidity that will support the company's
existing capabilities and expand its inventory, creating an ample
runway for continued growth.
Wolo Manufacturing Manufacturer and distributor of vehicle horns, industrial
equipment and products intended for protection and
safety. The company offers horn design and technology in
electric, air, truck, marine, motorcycle and industrial
equipment and vehicle emergency and safety warning
lights for cars, trucks, industrial equipment and
emergency vehicles.
The company was acquired by 1847 Holdings through an LBO on
March 31, 2021 for an undisclosed sum.
Woolpert Provider of architecture, engineering and geospatial (AEG)
services. The company's AEG services deliver value to
clients by strategically blending engineering excellence
with leading-edge technology and geospatial applications.
Long Point Capital sold a stake in the company to MSD Private
Capital on March 24, 2021.
Cook M&A Advisory Services
212 W Kinzie Street, Ste. 600
Chicago, IL 60654
Arnis Kins
Managing Director(312) 755-5615