Mergers & Acquisitions Report and Outlook for Fall/Winter 2024

The first half of 2024 demonstrated a dynamic landscape for mergers and acquisitions (M&A) in the United States. Despite macroeconomic uncertainties, including the interest rate environment and inflationary pressures, strategic consolidations gained momentum, driven by factors such as technological advancement, supply chain optimization, and market expansion. The first half of 2024 recorded ...
Mergers & Acquisitions Report

Heater Specialists Acquires ParFab Industries

Heater Specialists, a fully integrated single-source manufacturer of refinery and petrochemical equipment, acquired the fabrication business of ParFab Industries in Inola, Oklahoma. ParFab Industries is a wholly owned subsidiary of the ParFab group of companies. HSI is a wholly owned subsidiary of Energy Process Technologies, Inc. (“EPTI”). ClearRidge advises EPTI and HSI's Management team and Board on acquisition strategy. In this acquisition, the ClearRidge team advised on financial and business matters, managed the process and due diligence.
Heater Specialists Acquires ParFab Industries

Window Technology, Inc (WinTech) acquires Pocahontas Aluminum Company

WinTech, a leading US manufacturer and supplier to the construction industry has acquired 100% of the stock of Pocahontas Aluminum Company, a window and door manufacturer based in Pocahontas, Arkansas. ClearRidge advises WinTech’s Senior Management team and Board on acquisition strategy. In this acquisition, the ClearRidge team advised on financial and business matters, managed the process and due diligence. Click through for more information on the acquisition.
WinTech Pocahontas Acquisition

Mergers & Acquisitions Report, News and Outlook for Q1 2024

In the central region of the United States, M&A activity has remained robust, but across the broader United States, activity was muted in the first half of 2023, picking up through the remainder of the year. Looking ahead to 2024, two factors that will likely bring greater activity: i) stabilizing interest rates contribute to higher valuations and/or higher activity, and ii) consolidation trends in many industries. For the first time in ...
Q1 2024 Outlook Mergers Acquisitions

Mergers & Acquisitions Report, News and Outlook – ClearRidge Quarterly Update

2023 has been a stronger year for M&A than many were expecting. At the same time, different industry sectors have registered greater disparity in valuations, deal activity and deal volumes than we typically see. We continue to have strong demand for acquisitions and more clients bringing businesses to market than in a typical year. This may be isolated to Oklahoma, Texas, and the Midwest, but our feel for M&A is …
Mergers & Acquisitions Report

Innovex has acquired a minority interest in Downhole Well Solutions (DWS)

DWS (www.downholewellsolutions.com) designs, manufactures, and rents proprietary downhole drilling optimization tools, including the PowerGLIDE oscillation tool, the RIPstick anti-stall and anti-stick slip tool, and most recently the new PileDRIVER. DWS engaged ClearRidge to advise them on acquisition strategy.  The ClearRidge team managed the process and due diligence. DWS will continue to operate as a standalone business under the leadership and majority ownership of ...
DWS_Innovex_ClearRidge

What’s next for Mergers & Acquisitions in 2023? ClearRidge M&A Trends and Outlook

While many anticipated a slowdown in 2023 with talks of a recession, we haven’t seen that in our central and southern region so far. At ClearRidge, we have had one of the busiest starts to any year since our founding fifteen years ago.  As we continue through 2023, we’re anticipating a further pickup in deal activity as there continue to be unprecedented levels of cash available for acquisitions, both from strategic and private acquirers.  Even in the event of a mild recession, company balance sheets are stronger now than when the US economy entered previous recessionary periods. With higher interest rates, companies have been committing more equity to ...
MergersAcquisitionsUpdate_03.02.2023

Boyne Capital – McKee Utility Acquisition

Boyne Capital partnered with management acquiring McKee Utility Contractors, a water and sewer infrastructure services platform providing pipeline installation, replacement, tunneling, and boring for water, wastewater, and stormwater utility customers. (www.mckeeutility.com). With an exhaustive process to prepare McKee Utility, identify and approach potential partners, the ClearRidge team managed the planning, process and due diligence to complete the acquisition.
McKee Boyne ClearRidge

Summit Steel acquires Laser Specialties

Laser Specialties, Inc. has been acquired by Summit Steel Fabricating. Laser Specialties is a full-service custom and contract metal manufacturing company. Founded in 1993, LSI operates out of a 131,000 sq ft campus in Tulsa, Oklahoma and has over 55 employees, with a client list that includes OEMs, Military Products, Environmental, Energy, Construction, Transportation, and Agriculture. The owners of LSI engaged ClearRidge to represent them in the sale. With an exhaustive process to prepare LSI, identify and approach potential acquirers, the ClearRidge team managed the sale process, and due diligence.
Summit Steel acquires Laser Specialties

M&A Activity Diverges from Larger to Smaller Transactions in Q3 2022. What’s next for M&A in 2023?

Global M&A activity plummeted in the third quarter of 2022, but that was attributable to a decline in large transformational industry transactions. Volatile equity markets (that comprise many public company strategic acquirers), rising interest rates and economic uncertainty have weighed on M&A activity. However, for ClearRidge and our private company transactions ($20 Million - $100 Million in revenues), transaction volume has been robust in …
M&A Activity Diverges from Larger to Smaller Transactions in Q3 2022
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