Mon, 13 Mar 2023 | BUSINESS SALE
West Midlands-based manufacturer LoneStar Group has been acquired by private equity firm Epiris through its Epiris Fund III. Following the acquisition, Epiris has said it will seek to transform the business, including through M&A activity.
LoneStar Group is a global manufacturer and supplier of sealing product, fasteners, pipeline packages and precision-engineered components for customers in the global industrial and energy sectors. The group has manufacturing facilities and distribution points in the UK, USA and Middle East.
The firm supplies blue-chip customers, with its products used in extreme environments where the cost of product failure, financially and in terms of safety, is significant. As a result, its products are manufactured within a highly controlled quality system, ensuring full traceability, and are subject to exacting testing and accreditation requirements.
Commenting on the deal, Epiris partner Charles Elkington said: "LoneStar is typical of the kind of business in which we seek to invest. It is a high-quality business: a global market leader with scale and clear competitive differentiation.”
"It operates in attractive markets, benefiting from growing energy demand in both traditional and renewables. Most importantly, it is one which we believe we can transform by bringing our trademark focus on strategy, operational excellence and M&A."
Epiris Managing Partner Alex Fortescue added: “LoneStar caps an exceptionally busy period for us with five new investments, including the final investments for Fund II and now the first two investments for Fund III. Deployment and performance of Fund III are off to a great start and we see an exciting environment ahead for our distinctive approach to investing.”
The acquisition is the second investment made through Epiris’ Fund III, following the take-private of Euromoney Institutional Investor in November 2022. Epiris invests in firms that have an enterprise value between £75 million and £500 million and has invested over £5 billion across more than 200 deals.
Find out about growing through M&A with private equity backing.
If you are looking for an exit, we can help!
Designs and manufactures high-quality bespoke awards and trophies, also providing a range of engraved off-the-shelf designs. Develops awards to clients’ specifications, meeting all budgetary and timescale requirements.
We are seeking industrious parties interested in a purchase of the business and assets of a company specialising in custom, high end joinery fabrication for over 50 years.
Seeking interest in the business and or assets of a environmentally friendly green packaging company. The business comes with three Framework Agreements with council bodies that are due to be income producing in the near future.
14
|
Nov
|
Timber groups merge to carve out new acquisitions | MERGER
Two timber groups have joined together to form a £80 m...
14
|
Nov
|
Swanton Care buys mental health services peer Oaklands Support | BUSINESS SALE
Private equity backed Swanton Care has bought counterpart Oa...
13
|
Nov
|
BWP sets sights on USA after BGF backing | BUSINESS NEWS
A Marlow-based marketing and brand agency has set its sights...
09
|
Oct
|
PE group Epiris swoops for community pub operator | BUSINESS SALE
Amber Taverns, a pub operator based in Blackpool and with ou...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.