M&A Deal Summary |
|
|---|---|
| Date | 2022-07-19 |
| Target | Tenere |
| Sector | Metals/Mining |
| Buyer(s) | Cadrex Manufacturing Solutions |
| Sellers(s) | Watermill Group |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1976 |
| Sector | Manufacturing |
Cadrex Manufacturing Solutions is a provider of complex production parts, weldments, assemblies, and proprietary products for a variety of end markets, including information & communication and technology, aerospace & defense, warehouse automation, robotics, medical, electronic gaming, food, and industrials. With locations in 11 states and Mexico, Cadrex offers in-house manufacturing capabilities, including laser cutting, sheet metal fabrication, injection molding, electromechanical assembly, CNC punching, CNC machining, robotic welding, stamping, fastener insertion, and tool and die manufacturing, to effectively serve customers with manufacturing capabilities from low- through high-volume production. Cadrex Manufacturing Solutions was formed in 1976 and is based in Romeoville, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 9 |
| Sector (Metals/Mining) | 1 of 1 |
| Type (Add-on Acquisition) | 6 of 9 |
| State (Wisconsin) | 2 of 2 |
| Country (United States) | 6 of 9 |
| Year (2022) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-01 |
Elite
Bloomingdale, Illinois, United States Elite is a supplier of innovative precision sheet metal components and assemblies that specializes in manufacturing cabinets, consoles, and electro-mechanical assemblies for the electronic gaming industry. The Company also provides components and final or near-final enclosures for a variety of other end markets, including medical, telecommunications, food service, and industrial equipment. Elite was formed in 1991 and is based in Bloomingdale, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-20 |
IDL Precision Machining
Mukilteo, Washington, United States IDL Precision Machining is an engineering-focused manufacturer of highly complex precision components and assemblies primarily for the aerospace & defense end market. IDL Precision Machining was founded in 1987 and is based in Mukilteo, Washington. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| Size | Middle-Market |
| Type | Sector Agnostic |
The Watermill Group is a private investment firm focused on acquiring/investing in mid-sized businesses operating in traditional industries. Watermill generally looks for US or Canada-based companies which require operating, strategic and capital resources to grow. Sectors of interest include metals, rubber/plastics, paper, packaging, chemicals, food products, value-added distribution, manufacturing, business services, and building products/services. Prospective companies typically generate $35 to $400 million revenues, however Watermill will consider certain smaller businesses as well. Watermill will not invest in fashion businesses, tech companies or industries characterized by short product life cycles or binary outcomes. Watermill was formed in 1978 and is based in Lexington, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 11 |
| Sector (Metals/Mining) | 2 of 2 |
| Type (Add-on Acquisition) | 7 of 7 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 11 of 11 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-04 |
Weston Forest Products
Mississauga, Ontario, Canada Weston Forest Products is a distributor and remanufacturer of softwood & hardwood lumber and specialty panel products, serving North America’s industrial and construction sectors. Weston’s remanufacturing and inventory management services help customers create specified crating, packaging, pallets and boxes, and other niche wood products that are essential for the production or shipment of Industrial goods. Weston Forest Products was founded in 1953 and is based in Mississauga, Ontario. |
Buy | - |
