InSight

Exit and Growth Strategies for Middle Market Businesses

M&A Quarterly News In The Energy Industry Sector

By Roy Graham | Mar 02, 2020

The report below gives a good overview of the first quarter M&A activity in the Energy Industry Sector. M&A activity for North American based target companies in the Energy sector for Q4 2019 included 75 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in November when OMOG JV LLC, a joint venture of Rattler Midstream LP and Oryx Midstream Services LLC, acquired Reliance Gathering LLC, a portfolio company of Metalmark Capital LLC, for US$356 million in cash. Reliance Gathering is a crude oil gathering affiliate of Permian Basin-focused Reliance Energy. Reliance is a private Midland based oil and gas company focused on developing upstream and midstream assets. The Company has over 100,000 net acres in the Permian Basin, including approximately 40,000 net acres in the prolific Northern Midland Basin.

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M&A Quarterly News In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | Feb 28, 2020

The report below gives a good overview of the first quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom sector for Q4 2019 included 421 closed deals, according to data published by industry data tracker FactSet.

One of the largest lower middle market transactions closed in November when PTC, Inc. acquired Onshape, Inc., a portfolio company of Commonwealth Capital Ventures, NEA Management Co LLC, AH Capital Management LLC and North Bridge Venture Partners for US$470 million in cash. PTC engages in the development and provision of software-based product management and development solutions. Onshape is a modern CAD system that unites advanced modeling tools and design data management in a secure cloud workspace that is accessible on any device.

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M&A Quarterly News In The Business Services Industry Sector

By Brad Purifoy | Feb 28, 2020

The report below gives a good overview of the first quarter M&A activity in the Business Services Industry Sector. M&A activity for North American based target companies in the Business Services sector for Q4 2019 included 773 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in December when NV5 Global, Inc. acquired Quantum Spatial, Inc., a portfolio company of Arlington Capital Partners LLC, for US$318 million in cash. NV5 Global engages in the provision of professional and technical consulting and certification solutions for the public and private sectors. Quantum Spatial is the largest full-service geospatial solutions provider in North America.

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M&A Quarterly News In The Industrials Sector

By Steve Hauser | Feb 21, 2020

The report below gives a good overview of the first quarter M&A activity in the Industrials Sector. M&A activity for North American based target companies in the Industrials sector for Q4 2019 included 125 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in December when Arcline Fm Holdings LLC, a portfolio company of Arcline Investment Management acquired Fairbanks Morse Engine from EnPro Industries, Inc. for US$450 million in cash, subject to potential adjustments at closing. Arcline Fm Holdings provides investment services. Fairbanks Morse Engine engages in engine technology and manufacturing. The firm’s products include diesel products, dual fuel products and gas products. The company was founded in 1885 and is headquartered in Beloit, WI.

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M&A Quarterly News In The Print and Packaging Industry Sector

By Jeff Wright | Feb 21, 2020

The report below gives a good overview of the first quarter M&A activity in the Print and Packaging Industry Sector. M&A activity for North American based target companies in the Print and Packaging sector for Q4 2019 included 36 closed deals, according to data published by industry data tracker FactSet

One of the notable middle market transactions in the sector was announced in November when Advanced Barrier Extrusions LLC, a portfolio company of Graham Partners, Inc., acquired Flexographic Packaging Co for an undisclosed amount. Since its founding in 1988, Graham Partners has focused on acquiring and investing in higher growth, middle-market consumer and industrial manufacturing-related companies. Flexographic Packaging provides flexographic printing and custom laminating services. The company was founded in 1995 and is headquartered in Waupun, WI

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M&A Quarterly News In The Metal Fabrication Industry Sector

By Jim Zipursky | Feb 20, 2020

The report below gives a good overview of the first quarter M&A activity in the Metal Fabrication Industry Sector. M&A activity for North American based target companies in the Metal Fabrication sector for Q4 2019 included 40 closed deals, according to data published by industry data tracker FactSet.

Kaman Aerospace Group, Inc., a subsidiary company of Kaman Corp, acquired Bal Seal Engineering, Inc. for US$330 million in cash, subject to customary adjustments for net debt and working capital. Kaman Aerospace Group manufactures aircraft components and aero structures. Bal Seal Engineering manufactures coil springs. The Company offers sealing, connecting, conducting, electromagnetic interference shielding, and grounding components.

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M&A Quarterly News In The Healthcare Industry Sector

By Daniel Sirvent | Feb 20, 2020

The report below gives a good overview of the first quarter M&A activity in the Healthcare Industry Sector. There were 189 completed North American-based Healthcare M&A deals in Q4 2019, according to FactSet Research Systems.

A notable middle-market transaction announced in Q4 was Charles River Laboratories International, Inc.’s [NYSE: CRL] acquisition of HemaCare Corporation [OTCMKTS: HEMA] for approximately $380 million in cash. The acquisition expands Charles River’s scientific capabilities in the emerging, high-growth cell therapy sector, creating a comprehensive cell therapy solution that can help developers and manufacturers advance their critical programs from discovery through commercialization.

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M&A Quarterly News In The Wholesale Distribution Industry Sector

By Jeremiah Hughes | Feb 19, 2020

The report below gives a good overview of the first quarter M&A activity in the Wholesale Distribution Industry Sector. M&A activity for North American based target companies in the Wholesale and Distribution sector for Q4 2019 included 143 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in October when Platinum Equity Advisors, LLC acquired TruckPro LLC, a portfolio company of Harvest Partners LP, OCM Mezzanine Investments Group and Partners Group, for an undisclosed amount. Platinum Equity is a global private equity firm. TruckPro is a distributor of heavy-duty truck & trailer products and advanced repair services. Through a distribution network of more than 150 stores and advanced service shops, TruckPro delivers a comprehensive range of products to support commercial and government customer requirements in the areas of brake systems, electrical, engines, gear & drivetrain and more.

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M&A Quarterly News In The Commercial Real Estate Industry Sector

By Peter Moore | Feb 19, 2020

The report below gives a good overview of the first quarter M&A activity in the Commercial Real Estate Industry Sector. According to data released by CBRE, a leading commercial real estate firm, global investment volume totaled US$260 billion in Q3 2019, up by 7% over the previous quarter but down by 2% from Q3 2018. The U.S. recorded a relatively soft third quarter due to political uncertainty, low yields and some recession fears.

Investment volume in the Americas declined by 17% year-over-year an, mainly driven by lower volumes in Canada and the U.S.

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M&A Quarterly News In The Financial Services Industry Sector

By David Sinyard | Feb 14, 2020

The report below gives a good overview of the first quarter M&A activity in the Financial Services Industry Sector. M&A activity for North American based target companies in the Financial Services sector for Q3 2019 included 224 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in October when Redwood Trust, Inc. acquired CoreVest American Finance Lender, LLC from Fortress Investment Group LLC, ultimately owned by SoftBank Group Corp, for US$492 million with an undisclosed amount in cash and stock, subject to adjustments. CoreVest American Finance Lender is located in Irvine, California and provides loans to residential real estate investors.

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