M&A Deal Summary

GenNx360 Capital Partners Acquires Salford Group

On November 21, 2013, private equity firm GenNx360 Capital Partners acquired machinery company Salford Group

Acquisition Highlights
  • This is GenNx360 Capital Partners’ 2nd transaction in the Machinery sector.
  • This is GenNx360 Capital Partners’ 7th transaction in the United States.
  • This is GenNx360 Capital Partners’ 1st transaction in Iowa.
Investment Fate
  • Salford Group was sold to a publicly-traded strategic buyer in 2022 for 260M CAD.

M&A Deal Summary
Date 2013-11-21
Target Salford Group
Sector Machinery
Buyer(s) GenNx360 Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Salford Group

Osceola, Iowa, United States
website
Salford Group is a designer and manufacturer of tillage, seeding, and fertilizing equipment for the agricultural industry. The company's products are engineered and built to be durable, innovative, and complementary to mainline OEM products with distinct performance advantages related to higher productivity, greater efficiency, and environmental sustainability. It has been able to leverage technological developments in precision agriculture to allow producers to manage their crop production with an ever-increasing degree of accuracy. Salford Group was formed in 1978 and is based in Osceola, Iowa.

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Buyer(S) 1

Buyer

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 9 of 26
Sector (Machinery) 2 of 5
Type (Buyout (LBO, MBO, MBI)) 5 of 10
State (Iowa) 1 of 1
Country (United States) 7 of 24
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Horsburgh & Scott

Cleveland, Ohio, United States

Horsburgh & Scott (H&S) is a manufacturer of large diameter industrial gears and custom mechanical gear drives. H&S provides specialized services including heat treatment, technical solutions and on-site customer service. Horsburgh & Scott is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-23 Tooling Tech Group

Fort Loramie, Ohio, United States

Tooling Tech Group is a supplier of high-quality tooling for a variety of material forming processes including: thermoforming, twin-sheet and single-sheet vacuum forming, pressure forming, compression molding, rotational molding, blow molding, resin transfer molding, rubber and polyurethane molding, carpet and metal stamping, foundry tooling and pulp molding. The full range of in-house capabilities, including patterns, models, cast tooling, finishing, CNC machining as well as design and engineering, provides customers with a complete, one-stop solution for their tooling needs. Tooling Tech Group was formed in 1982 and is based in Fort Loramie, Ohio.

Buy -
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