July 9, 2007

Carlyle Group to Buy Sequa Corp. for $2.7B

Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Private equity firm The Carlyle Group has agreed to buy Sequa Corporation, a diversified manufacturer, for $2.7 billion.

Sequa Corporation has seven discrete operating units in the following industries: aerospace, automotive, metal coating, specialty chemical, industrial machinery, and other products.
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The Carlyle Group is a global private equity firm with $58.5 billion under …

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Sonepar Subsidiary to Buy Boston Distributor

Companies, Electrical, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors / MDM Staff

NorthEast Electrical Distributors/Eagle Electric Supply, a subsidiary of Sonepar USA, has agreed to buy Ralph Pill Electric Supply, Boston, MA.
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The company was established in 1919 by Ralph Pill, a Lithuanian immigrant. His son Alfred E. Pill has served as president for the past 50 years. RPESCO has 16 locations in Massachusetts, New Hampshire and Maine. RPESCO’s 2006 sales rank them as one of the largest independently-owned electrical distributors in New England and among the top 100 in the country.

They serve the residential, commercial and industrial markets.
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Ralph Pill Electric is known for its panel board shop, trade-marked Bee-Line Boards,” and its online lighting fixture fulfillment offering.

Don Block,&nbsp ; president of …

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Private Equity Firm to Buy Univar for US$2B

Chemicals & Plastics Distribution, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Private equity firm CVC Capital Partners has offered to buy Dutch chemicals distributor Univar NV for US$2.04 billion (1.5 billion euro), a premium of about 37% to Univar’s closing price July 6.

Ulysses Luxembourg, controlled by CVC, will pay 53.50 euros a share for the company, which also operates in the U.S.

Univar operates a network of more than 200 distribution centres, spread primarily across the U.S., Canada, Europe and Asia. In 2006, Univar had pro forma sales of US$8 billion. …

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Activant to Buy Intuit Elipse for $100M

Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Technology / MDM Staff

Activant Solutions Inc. has agreed to buy the Intuit Eclipse Distribution Management Solutions business from Intuit for $100 million in cash.
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Activant has identified the wholesale distribution industry as a key vertical segment for the company’s growth and expansion. The acquisition of the Intuit Eclipse business will augment its customer base and expand its technology offerings in the wholesale distribution segment.

Intuit Eclipse is a provider of business management solutions for wholesale distributors in segments ranging from electrical, plumbing, HVAC and building materials to industrial, janitorial and other durable goods supplies.

We are pleased to have Activant acquire our Intuit Eclipse business,” said David Merenbach, vice president …

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MDM Interview: Clean-Up of a Roll-Up

Finance, Mergers & Acquisitions, Subscriber Only, Top Distributor Sectors / MDM Staff

Since 1997 when the company was formed through the rollup of nine industrial general-line distributors, Industrial Distribution Group, Atlanta, GA, has seen its share of integration challenges. Charles Lingenfelter, a founding member of IDG, became president and CEO of the $550-million national distributor in November 2005. Since taking the helm, Lingenfelter has pushed hard to take the distributor from four divisions to one company.

MDM spoke with Lingenfelter recently at the Industrial Supply Association’s annual meeting in Las Vegas, NV. Lingenfelter spoke of his company’s progress and the work that still has to be done to make IDG’s One Company plan a success.

MDM: Over the past 10 years, IDG has had a series of integration …

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July 9, 2007

Carlyle Group to Buy Sequa Corp. for $2.7B

Sonepar Subsidiary to Buy Boston Distributor

Private Equity Firm to Buy Univar for US$2B

Activant to Buy Intuit Elipse for $100M

MDM Interview: Clean-Up of a Roll-Up

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