Benefits of a leveraged recapitalization
Leveraged recapitalization vs. selling outright The following is a hypothetical scenario whereby Mr. Gary Reasons, the 55-year-old owner of Reasons Cleaning Corp., would recapitalize his company through a leveraged recapitalization versus selling his company outright. Reasons Cleaning was founded in 1987 and provide tank cleaning services to oil and gas companies located in the Gulf […]
Actuant to acquire Mirage
Actuant Corp. has agreed to purchase Mirage, a provider of industrial and energy maintenance tools, from Acteon. The transaction is subject to customary regulatory approvals and closing conditions. “The Mirage business, headquartered in the U.K., is a strong complement to our portfolio. It broadens our product line offerings, most notably in the flange facing and […]
DISA acquires Midwest Toxicology Services
DISA Global Solutions Inc. has acquired Midwest Toxicology Services (MTS). MTS has over 25 years of experience providing drug and alcohol testing and third-party administration services to thousands of clients. “We are excited to expand our DISA team, and we look forward to working with and serving MTS’ valued clients,” said John Peterson, CEO of […]
Mahaffey acquires $24.2 million in tent, structure assets
Mahaffey Fabric Structures has acquired more than $24.2 million in assets from Classic Party Rentals, including tents, structure frame, fabric pieces and specialty structures. With this purchase, Mahaffey will have an expanded network of both personnel and products to cover large-scale activations, corporate events, festivals, sporting events, film productions and other special events nationwide. The […]
Calpine to be acquired by consortium led by Energy Capital
Calpine Corp. has entered into a definitive agreement under which Energy Capital Partners, along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board, will acquire Calpine for $15.25 per share in cash, or $5.6 billion. The transaction follows a competitive strategic review process and was unanimously approved by Calpine’s […]
Ashtead Group plc acquires CRS Contractors Rental Supply
Ashtead Group plc’s North American business, Sunbelt Rentals, has signed an agreement to acquire CRS Contractors Rental Supply (CRS) for an initial cash consideration of $275 million (Canadian) with an additional earn out of up to $20 million (Canadian) dependent on future performance. CRS is a leading provider of rental equipment in Ontario, Canada, employing […]
PSC, HydroChem agree to combine companies
PSC, a portfolio company of Littlejohn & Co. LLC, and Aquilex Holdings LLC, owner of HydroChem and a portfolio company of Centerbridge Partners LP, have signed a purchase agreement whereby PSC will acquire all of the outstanding ownership interests of Aquilex, combining PSC and HydroChem to create a premier industrial cleaning and environmental services company […]
United Rentals to acquire Neff Corp.
United Rentals Inc. and Neff Corp., operating as Neff Rental, have entered into a definitive agreement under which United Rentals will acquire Neff for $25 per share in cash, representing a total purchase price of approximately $1.3 billion. The transaction is expected to be immediately accretive to cash earnings per share and free cash flow. […]
BHI Energy acquired by AE Industrial Partners
BHI Energy has been acquired by AE Industrial Partners LLC (AEI), a private equity investor in aerospace, power generation and specialty industrial companies. The terms of the transaction were not disclosed. “We are excited to work with the outstanding team at AEI and benefit from their deep and unique experience partnering with specialty service providers […]
Buyout garners industrial service provider new rental division
Rotating Solutions’ current executive team — in combination with V Capital Holdings, 2SV Capital and Tuckerman Capital — recently acquired the majority interest in Rotating Solutions LLC and Power Cleaning Equipment LLC from Richard Cates. The new entity will operate under one name: Rotating Solutions Inc. (RSI). Tuckerman Capital is an equity fund based on […]
Mesa Industries Inc. acquires WG Seals Inc.
Mesa Industries Inc., a global manufacturer of products for the oil and petroleum industry through the Mesa Engineered Tank Products (ETP) division, has acquired WG Seals Inc. (WGS), a supplier of custom-designed floating-roof tank seals and rim-mounted foam dams. Mesa ETP has been serving the industry for more than 50 years, and this transaction represents […]
Jacobs to acquire CH2M, create premier global solutions provider
Jacobs Engineering Group Inc. and CH2M HILL Companies Ltd. have entered into a definitive agreement under which Jacobs will acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value of approximately $3.27 billion. The combination unites two industry-leading, innovative companies with complementary capabilities, cultures and relationships, resulting […]
Guaranty acquires Gatorworks
Guaranty Communications, a subsidiary of Guaranty Corp. and parent company of Guaranty Media, unveiled the acquisition of Gatorworks, a Baton Rouge-based, full-service digital marketing agency. The new partnership provides both organizations the opportunity to extend and improve their suites of integrated marketing services. “Because of the growing demand of digital advertising and marketing solutions for […]
K-Solv acquires Garner Environmental Services Inc.
K-Solv LP has acquired Garner Environmental Services Inc. (GESI), a company founded in 1981 by Lyndal D. Garner, who will retire as president after the sale. GESI offers a broad range of emergency response and environmental services, including industrial maintenance services, disaster response, stand-by rescue, waste disposal, safety training and product sales. Russell W. Allen, […]
Industrial Scientific welcomes new owner Fortive Corp.
Industrial Scientific has signed a definitive purchase agreement to join the Fortive family of industrial technology companies as a member of its Field Solutions platform. The new ownership will provide Industrial Scientific with additional capacity to accelerate the company’s vision of eliminating death on the job by the year 2050. With 2016 revenues of $6.2 […]
Small company for sale
A small company specializing as an electrical distributor is for sale. It distributes electrical connectors to entertainment venues and rental generator industries 95% of sales orders are generated via its website Sales average $600K, profitable Asking $450K Established in 1979 in Baton Rouge, LA For more information, please contact Thomas Brinsko
