National Technical Systems, a provider of testing and engineering services, has entered into an agreement to be acquired by Aurora Capital Group for $23 per share in cash which equates to an equity valuation of approximately $267 million. National Technical Systems (NASDAQ: NTSC) is a provider of engineering services to the aerospace, defense, telecommunications, automotive […]
Archives for August 16, 2013
American Industrial Partners Acquires KMT Group
American Industrial Partners has signed an agreement to acquire KMT Group, a manufacturer of ultrahigh-pressure pumps, from Nordstjernan at an enterprise value of $147.5 million, representing a 6.4x multiple of adjusted 2012 EBITDA. KMT is a developer, manufacturer and supplier of ultrahigh-pressure pumps and associated robotic systems which utilize this technology. The company’s products are […]
Parthenon Capital Acquires Bracket
Bracket has been acquired by Parthenon Capital Partners from Express Scripts Holding Company. Bracket was previously a business unit within United BioSource Corporation, which was acquired by pharmacy benefit manager Medco Health Solutions in September 2010, which was then acquired by Express Scripts in April 2012. “We are excited to partner with Parthenon given their […]
Mesirow Financial Advises Precision Products on Sale to Long Point and Greyrock
Mesirow Financial was the exclusive financial advisor to Precision Products Group on its recent sale to Long Point Capital and Greyrock Capital Group. “Mesirow Financial was instrumental in identifying a strong group of strategic and financial prospective buyers and conducting an effective transaction process. Our customers and employees will both benefit as Long Point Capital, […]