Sale to Dometic Group

Industrial
Sale to Dometic Group

Summary

Baird served as a financial advisor to SeaStar Solutions on this transaction

About

SeaStar Solutions (“SeaStar”), a portfolio company of American Securities LLC (“American Securities”), recently announced its sale to Dometic Group (STO: DOM) (“Dometic” or the “Company”) for $875 million.

SeaStar is a leading, global provider of vessel control, fuel systems and system integration to the marine industry. SeaStar Solutions is the market leader in its key product areas with strong market shares. SeaStar today operates some of the strongest brands in the market, such as SeaStar, xtreme, MOELLER, Optimus and Sierra. The Sierra aftermarket platform is the world’s largest independent marine aftermarket supplier. SeaStar is based in Litchfield, Illinois and employs approximately 1,250 people.

Based in New York, New York with an office in Shanghai, China, American Securities is a leading United States private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and / or EBITDA of $50 million to $300 million. American Securities and its affiliates have approximately $15 billion under management.

Dometic is a global market leader in branded solutions for mobile living in the areas of Climate, Hygiene & Sanitation and Food & Beverage. Dometic operates in the Americas, EMEA and Asia Pacific, providing products for use in recreational vehicles, trucks and premium cars, pleasure and workboats, and for a variety of other uses. Dometic offer products and solutions that enrich people’s experiences away from home, whether in a motorhome, caravan, boat or a truck. The Company’s motivation is to create smart and reliable products with outstanding design. Dometic operates 22 manufacturing / assembly sites in nine countries, sells products in approximately 100 countries and manufactures approximately 85% of products sold in-house. The Company has a global distribution and dealer network in place to serve the aftermarket. Dometic employs approximately 6,500 people worldwide, had net sales of SEK 12.4 billion in 2016 and is headquartered in Solna, Sweden.
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Industrial
Sale to Dometic Group
Date
December 2017
Company
SeaStar Solutions
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
Europe

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