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1 month ago | 
ionanalytics.com | Sam Weisberg |Tom Cane |Carlos Martinez
Deal could be announced by end of MarchLanter’s 2024 EBITDA was north of USD 100mAudax Private Equity is closing in on a deal to acquire Lanter Delivery Systems, an Equity Group Investments(EGI)-backed overnight delivery services provider, said three sources familiar with the situation. A deal could be announced by the end of March, one of the sources said. Lanter’s 2024 EBITDA was north of USD 100m, according to the same source. EGI invested in Lanter in 2019.
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Jan 15, 2025 | 
ionanalytics.com | Richard Tekneci |Sam Weisberg |Carlos Martinez
News (Intelligence) PE and strategics interested in the businessUltra Maritime provides undersea warfare systemsAdvent International-backed Ultra Electronics is expected to receive acquisition interest from potential buyers for its Ultra Maritime business if it comes up for sale, said three sources familiar with the matter. In July, St. Louis-based industrial products maker ESCO Technologies Inc.
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Jan 9, 2025 | 
ionanalytics.com | Carlos Martinez |Richard Tekneci |Cristiano Dalla Bona |Sam Weisberg
Data Insight Volume for Industrials, including chemicals, reached USD 197bnConstruction/Building products was biggest segment, comprising one-thirdFalling interest rates and softening inflation led to a surge in North American Industrials and Chemicals M&A deal value in 2024, according to Mergermarket data. The value of disclosed deals in 2024 reached USD 197bn, up close to 64% from USD 120.5bn in 2023, according to Mergermarket data.
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Dec 30, 2024 | 
ionanalytics.com | Sam Weisberg |Carlos Martinez
Hundreds of targets on radarMay close five to 10 deals in 1QNo further divestitures expectedCulligan, a BDT Capital Partners-backed water filtration and treatment services and solutions provider, is in ongoing discussions with bolt-on targets around the globe, said CEO Scott Clawson. The Rosemont, Illinois-based company, with roughly USD 3bn in annual revenue, is interested in targets across all its segments: water softening, filtration, dispensers, and water treatment, he said.
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Oct 24, 2024 | 
ionanalytics.com | Matt O'Brien |Sam Weisberg |Jonathan Carmody |Rouhan Sharma
Logistics services company ConGlobal is working with Wells Fargo on a potential sale process for the operator of intermodal, finished vehicle, and depot service terminals, said four sources familiar with the matter. The bank was hired several months ago, three of the sources said, but has not yet launched the auction as the company’s first move is to improve its earnings figures before soliciting potential buyers.
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Sep 20, 2024 | 
ionanalytics.com | Richard Tekneci |Sam Weisberg |Aldrin Brown |Collin Krabbe
Amid rising geopolitical unrest, demand for defense-related products is driving dealmaking activity in North America. Defense sector dealmaking of USD 87.6bn so far this year puts 2024 on track to be the third highest by volume, behind only 2021 and 2015, according to Mergermarket data. With three and a half months still left, 2024 has already surpassed M&A volume for the whole of 2023 and 2022.
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Aug 12, 2024 | 
ionanalytics.com | Sam Weisberg |Carlos Martinez
SalSon Logistics, a Newark, New Jersey-based provider of warehousing and distribution, drayage, chassis management, transloading, store delivery, and other logistics services, is in talks with a few potential targets, said CEO Jason Fisk. The Sun Capital Partners-backed group has looked at many M&A possibilities recently, said Fisk.
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Jul 26, 2024 | 
ionanalytics.com | Richard Tekneci |Bhavna Kaul |Cristiano Dalla Bona |Sam Weisberg
News (Intelligence) StandardAero, the aviation maintenance company backed by Carlyle Group [NASDAQ:CG], is receiving interest from at least a handful of financial sponsors, said three sources familiar with the matter. Bain Capital is among the private equity firms showing interest in the Scottsdale, Arizona-based company, the same sources said. Bloomberg reported last week that Blackstone [NYSE:BX] and CVC Capital Partners could bid for StandardAero.
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Jun 25, 2024 | 
ionanalytics.com | Tom Cane |Bhavna Kaul |Sam Weisberg |Marlene Givant Star
News (Intelligence) Wind River Environmental, a provider of liquid waste management services, is exploring a sale process, four sources familiar with the situation said. The Gryphon Investors-backed company is working with investment banks William Blair and Baird on the process, said two of the sources. The process has not yet launched, all four sources said.
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Apr 25, 2024 | 
ionanalytics.com | Sam Weisberg |Carlos Martinez
Fenix Parts, a recycler and reseller of various auto parts, has a pipeline of more than 20 potential targets and hopes to complete four acquisitions before the end of 2024, said CEO Bill Stevens. The Hurst, Texas-based company, backed by Stellex Capital Management since 2018, is in discussions with several of these businesses, Stevens added. Fenix has roughly USD 400m in annual revenue, Stellex Managing Director Mike Livanos said in a joint interview with Mergermarket.
