Private Equity Continues to Support Acquisitive Growth
November 02, 2011
Drexel Metals, a portfolio company of Arborview Capital since February, has acquired Metal-Fab Manufacturing, a provider of custom metal roofing and architectural sheet metal solutions. The acquired company serves the greater D.C., Maryland and Virginia region, and its acquisition adds a Baltimore-based distribution point to Drexel. Arborview is a private investment firm based in Chevy Chase, MD.
So far this year, PE-backed U.S. companies have completed 448 add-on acquisitions, according to the PitchBook Platform. Most of the target companies in those deals have been headquartered in the United States, but occasionally, those PE-backed U.S. companies have chosen to acquisitively grow outside of the U.S. 5% of the add-ons included European target companies, the highest share for a non-U.S. region. The most acquisitive PE-backed companies in 2011 to date have been HUB International and Confie Seguros Insurance Services.