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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: richardred who wrote (4185)8/5/2016 7:17:08 AM
From: richardred
   of 6274
 
More consolidation in the crane business.

Clearlake Capital sells AmQuip Crane to Apollo Global August 4, 2016By Luisa Beltran


Apollo Global Management LLC has acquired AmQuip Crane Rental LLC from Clearlake Capital Group LP. Financial terms weren’t announced. Clearlake acquired AmQuip, which provides rental lifting services to North American energy, industrial and other markets, in October 2014. In connection with the acquisition, Apollo has simultaneously closed the acquisition of Maxim Crane Works LP and plans to combine Maxim Crane with AmQuip. Harris Williams & Co and Oppenheimer & Co Inc served as financial advisors to AmQuip and Clearlake. Stradling Yocca Carlson & Rauth and Cooley LLP served as legal advisors to AmQuip.

PRESS RELEASE

Trevose, PA & Santa Monica, CA – August 4, 2016 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) announced today that AmQuip Crane Rental LLC (“AmQuip” or the “Company”), a leading lifting solutions and crane rental provider to industrial clients across North America, has been acquired by certain funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”). The transaction was completed on July 29, 2016 and financial terms were not disclosed.



In connection with the AmQuip transaction, Apollo simultaneously closed the acquisition of Maxim Crane Works, L.P., which Apollo plans to combine with AmQuip to create a premier lifting solutions provider with a modern crane rental fleet comprised of more than 1,950 cranes, a comprehensive set of value-added service capabilities and a broad geographic footprint across North America.



Founded in 1967 and acquired by Clearlake in October 2014, AmQuip is a leading provider of manned and bare rental lifting solutions to the North American downstream energy, industrial, non-residential construction and other end markets. The Company serves more than 6,600 customers across more than 35 states through a network of 13 branch locations, and operates one of the youngest crane fleets in the industry with more than 550 units ranging in lift capacity from six to 716 tons.



“The strategic transformation that we have executed at AmQuip in partnership with the AmQuip team represents an exciting success story,” said José E. Feliciano, Founding Partner at Clearlake. “When we acquired AmQuip, we identified the Company as a unique asset that would benefit from our proprietary framework for value creation by focusing on optimizing operations, investing in our people and executing on a new growth strategy while leveraging our prior lifting solutions and crane rental sector experience. We are proud to have worked with the AmQuip management team to accelerate the Company’s growth over the last few years, achieve a strong outcome for our limited partners and position the Company for continued success.”



“We are thrilled to have had the opportunity to partner with Clearlake, and appreciative of the strong value-added sponsorship and resources that the Clearlake team dedicated to our business as we pursued organic growth by investing in our team, deploying significant capital to our crane fleet and providing our customers with the highest quality of service with a best in class safety record,” said Al Bove, CEO of AmQuip.



“We are pleased to have sponsored AmQuip through a time of significant growth,” added Arta Tabaee, a principal at Clearlake. “We are strong believers in AmQuip’s vision, people and the tremendous value the Company brings to this new platform. We believe AmQuip is very well positioned for the future, and we are excited for the AmQuip team as they take the business to new levels of success.”



Harris Williams & Co. and Oppenheimer & Co. Inc. served as financial advisors to AmQuip and Clearlake. Stradling Yocca Carlson & Rauth and Cooley LLP served as legal advisors to AmQuip.





About Clearlake

Clearlake Capital Group, L.P. is a private investment firm with a sector-focused approach. The firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational and strategic expertise. The firm’s core target sectors include technology, communications and business services; industrials, energy and power; and consumer products and services. Clearlake currently has approximately $3.5 billion of assets under management. More information is available at www.clearlake.com.



About AmQuip



Headquartered in Trevose, PA, AmQuip provides highly specialized, complex lifting solutions, offering a differentiated value proposition to its customers in North America. A leader in the crane rental and solutions market, AmQuip operates a fleet of more than 550 cranes and specializes in the provision of fully operated rental services, bare rentals, value added consultation services and complete setup and logistics support to its target clientele in the refinery, petrochemical, industrial, non-residential construction, and other sectors. For more information, please visit www.amquip.com.

pehub.com

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To: richardred who wrote (4202)8/5/2016 7:26:17 AM
From: richardred
   of 6274
 
COTT making a coffee acquisition. The pickings are getting slim and IMO JVA is riper than ever.

Cott to acquire S&D Coffee Aug. 4, 2016 - by Monica Watrous


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S&D is the largest coffee and tea manufacturer and supplier to food service in the United States.

TORONTO — Cott Corp., a producer of beverages for retailers, brand owners and distributors, has entered into a definitive stock purchase agreement to acquire S&D Coffee & Tea, the largest coffee and tea manufacturer and supplier to restaurants and convenience stores in the United States, for a purchase price of approximately $355 million on a debt and cash free basis.

Based in Concord, N.C., S&D was founded by J. Roy Davis Sr. and Lawrence Switzer to supply fresh roasted coffee to local and regional grocery stores in 1927. After his father’s death, J. Roy Davis Jr. expanded the business in 1965 to independent restaurants seeking to serve a growing demand for premium coffee and iced tea away from home. Over the years, the family-owned business grew into private enterprise with more than $550 million in estimated revenues this year. The acquisition is expected to enable further development and acceleration of S&D’s business model, according to the company.






S&D will become a subsidiary of Cott and will continue to operate under the S&D Coffee & Tea name.

Following the completion of the transaction, S&D will become a subsidiary of Cott and will continue to operate under the S&D Coffee & Tea name. Ron Hinson, president and chief executive officer, will remain in his role, and the management team will retain its responsibilities. The company said it will continue to innovate in coffee, tea and liquid extracts, and the business will remain in Concord.

Ron Hinson, president and c.e.o. of S&D Coffee & Tea
“The Davis family, who founded S&D, deserves our gratitude for all they have done for our company, community and industry,” Mr. Hinson said. “Generations of people have benefitted from their vision, leadership and generosity.

“We could not be more pleased by what the future holds for our stakeholders, including employees and customers, due to this new strategic combination. The synergies S&D has with Cott, whether technology, supply chain, product, distribution channels or markets, are abundantly clear.”

As one of the leading providers in direct-to-consumer beverage services, Cott operates global businesses in office coffee services, direct-to-home and office water delivery and retail segments. The company’s portfolio includes coffee, brewed tea, bottled water, carbonated soft drinks, shelf-stable juice, still and sparkling waters, energy and sports drinks, ready-to-drink teas and micro-ground coffee, hot chocolate and cereals. Prior to the S&D acquisition, Cott employs more than 12,500 people with operations in 21 countries. With more than $3.3 billion in revenue, Cott is publicly listed on the New York Stock Exchange (COT) and the Toronto Stock Exchange (BCB.TO).

Jerry Fowden, c.e.o. of Cott
“The acquisition of S&D enables us to become a leading player in the coffee and tea categories due to their excellence as a manufacturer and their prominence as an elite supplier in the restaurant and convenience retail segments,” said Jerry Fowden, chief executive officer of Cott. “With S&D now part of the Cott family, we can further leverage cost efficiencies and growth opportunities across all the Cott companies.”

He added: "The addition of S&D brings our better-for-you beverage platform to over 65% of our adjusted EBITDA on a pro forma basis with carbonated soft drinks representing just 12% of adjusted EBITDA. After closing the S&D acquisition, we will have a leading position in the coffee and tea food service industry in North America, which is an excellent complement to our leading HOD water, office coffee and filtration business."





foodbusinessnews.net

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From: richardred8/8/2016 10:17:22 AM
   of 6274
 
New buy today HAR - HARMAN INTERNATIONAL INDUSTRIES. This on an acquisition target Idea for APPL by Jake Straw. This for which I agree. IMO It has become a more timely acquisition speculation now, than before.

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From: richardred8/9/2016 12:37:56 PM
   of 6274
 
RE- LNCE speculation

UK-based potato chip brand Tyrrells is to be acquired by US SkinnyPop owner Amplify Snack Brands.

bakeryandsnacks.com

P.S. Not to be confused with Terrells of Syracuse. I'm actually familiar with, and on occasion buy Terrells & Jeans. Jeans chips is also based in Syracuse N.Y.

terrellspotatochips.webs.com

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To: richardred who wrote (4222)8/10/2016 10:11:55 AM
From: richardred
   of 6274
 
Added out of the money Jan 2017 call options in HAR today.

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From: richardred8/11/2016 11:57:26 AM
   of 6274
 
New buy today- FLO- Flowers Foods on the big earnings miss. IMO nice well maintained dividend for a recovery. It might even be a Tasty Cake bargain . Grupo Bimbo has been mentioned before.

P.S. Man cannot live on bread alone and that's why I'm diversified. I'm remembering when Panera Bread was going through hard times. Those who endured, earned a lot of bread.

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To: richardred who wrote (3434)8/11/2016 12:22:59 PM
From: richardred
   of 6274
 
New buy today Re-entering SHLM on today's big price slide. Nice dividend for the recovery.

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To: richardred who wrote (4226)8/11/2016 2:43:22 PM
From: Paul Senior
   of 6274
 
Following you here with a small buy.

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To: richardred who wrote (4216)8/12/2016 9:36:17 AM
From: richardred
   of 6274
 
HPE -Meg. makes a small acquisition-HPE Buying Silicon Graphics in Deal Valued at $275 Million

bloomberg.com

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To: richardred who wrote (4226)8/12/2016 10:33:34 AM
From: richardred
   of 6274
 
Bought Jan 2017 SHLM out of the money call options.

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