M&A Deal Summary

Golden Gate Capital Acquires Active Minerals International

On November 19, 2018, private equity firm Golden Gate Capital acquired metals/mining company Active Minerals International from Merit Capital Partners

Acquisition Highlights
  • This is Golden Gate Capital’s 3rd transaction in the Metals/Mining sector.
  • This is Golden Gate Capital’s 84th transaction in the United States.
  • This is Golden Gate Capital’s 3rd transaction in Maryland.

M&A Deal Summary

Date 2018-11-19
Target Active Minerals International
Sector Metals/Mining
Buyer(s) Golden Gate Capital
Sellers(s) Merit Capital Partners
Deal Type Secondary Buyout

Target

Active Minerals International

Sparks, Maryland, United States
website
Active Minerals International is a global market leader in the production and distribution of air-float kaolin and gel-grade attapulgite clays for customers in fiberglass, construction, drilling, agriculture, and concrete end markets, among others. The Company’s products provide highly tangible qualities in customers’ end products: Air-float kaolin strengthens fiberglass for usage in printed circuit boards prior to assembly in electronics end products such as phones, tablets, and automobiles. Gel-grade attapulgite is used to increase viscosity of mixtures in a variety of end markets including joint tape compounds used for wallboard construction, and paints & coatings to prevent settling and hard packing. Active Minerals International is headquartered in Sparks, Maryland.

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Buyer(S) 1

Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 94 of 102
Sector (Metals/Mining) 3 of 4
Type (Secondary Buyout) 19 of 21
State (Maryland) 3 of 3
Country (United States) 84 of 92
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Vector Solutions

Tampa, Florida, United States

Vector Solutions is a provider of SaaS-based compliance and safety-focused eLearning and performance optimization solutions serving three end-markets: Public Sector, Education, and Commercial. Vector’s solutions are underpinned by the company’s library of proprietary content (over 7,500 courses with over 30,000 associated accreditations) which is delivered through a SaaS-based software platform to address customers’ mission critical compliance, safety, and regulatory needs. Vector Solutions was founded in 1999 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 ArrMaz Custom Chemicals

Mulberry, Florida, United States

ArrMaz Custom Chemicals, Inc. is a producer of process chemicals to the phosphate fertilizer mining and manufacturing industry, a manufacturer of additives to the asphalt paving market, and a growing supplier of other diversified industrial mineral flotation and surfactant chemicals.

Sell $570M

Seller(S) 1

SELLER

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 40 of 52
Sector (Metals/Mining) 3 of 3
Type (Secondary Buyout) 14 of 20
State (Maryland) 1 of 1
Country (United States) 40 of 51
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 Choice Adhesives

Cincinnati, Ohio, United States

Choice Adhesives is a manufacturer and distributor of specialty, custom formulated industrial adhesives. Choice manufactures solvent‐ and water‐borne adhesives for a wide variety of end-market applications, including high-pressure laminates, building products, footwear, plastics, flooring, belting, and foam fabrication, among others. Choice Adhesives is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Glenn Rieder

West Allis, Wisconsin, United States

Glenn Rieder is a custom architectural millwork manufacturer and commercial interior contractor serving all major markets across the United States. Glenn Rieder has produced and installed millwork for the hospitality, gaming, corporate, institutional, restaurant, winery, sports, retail, and high-end residential markets. Through its subsidiaries, which include Quality Cabinet & Fixture Co., Shamrock Metals LLC, and Shamrock Installations LLC, the company operates manufacturing facilities in Milwaukee, WI, Tijuana, MX, and Las Vegas, NV. Glenn Rieder also maintains offices in Fort Lauderdale, FL, New England and San Diego, CA. Glenn Rieder was founded in 1946 and is based in West Allis, Wisconsin.

Buy -