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Announced

Completed

Apollo and Oaktree-backed ABC Technologies completed the acquisition of dlhBOWLES from MPE Partners for $255m.

Financials

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Transaction Value£188m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Cross Border

cleaning solutions

Majority

Electronic Components and Equipment

Acquisition

Single Bidder

Private

Friendly

Private Equity

Completed

Synopsis

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Apollo and Oaktree-backed ABC Technologies, a manufacturer and supplier of technical plastics and lightweightning innovations,completed the acquisition of dlhBOWLES, a camera and sensor cleaning systems provider, from MPE Partners, a private equity firm, for $255m. “The acquisition of dlhBOWLES further solidifies ABC Technologies’ leadership position in the North American washer systems market, strengthening our product portfolio to better serve our global customers and enhance the capabilities of our Fluid Management division, while improving ABC’s process automation. This acquisition will create a complete product system offering within our Fluid Management division, which we believe will be a win for our customers as well as ABC," Todd Sheppelman, ABC Technologies President and CEO.

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