M&A Deal Summary

Jadeim Acquires Handy Industries

On September 21, 2010, Jadeim acquired metals/mining company Handy Industries from Aavin Equity Advisors and Midwest Mezzanine Funds

Acquisition Highlights
  • This is Jadeim’s 1st transaction in the Metals/Mining sector.
  • This is Jadeim’s 1st transaction in the United States.
  • This is Jadeim’s 1st transaction in Iowa.

M&A Deal Summary

Date 2010-09-21
Target Handy Industries
Sector Metals/Mining
Buyer(s) Jadeim
Sellers(s) Aavin Equity Advisors
Midwest Mezzanine Funds
Deal Type Add-on Acquisition

Target

Handy Industries

Marshalltown, Iowa, United States
website
Handy Industries, LLC ("Handy") manufactures and distributes steel fabricated shop products and truck accessories.

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Buyer(S) 1

Buyer

Jadeim

Marshalltown, Iowa, United States

Category Company
Sector Manufacturing
DESCRIPTION

Jadeim, LLC is a joint venture between Joel and Mike Jansen of Sully, Iowa, and Tom Deimerly of Marshalltown, Iowa. Both Deimerly and the Jansens bring years of manufacturing and distribution experience to the new company.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1

Seller(S) 2

SELLER

Aavin Equity Advisors

Cedar Rapids, Iowa, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 275M USD
Size Small
Type Sector Agnostic
DESCRIPTION

AAVIN Private Equity is a private investment firm that targets investments in smaller companies at all stages of development from early stage to later stage/buyouts. AAVIN typically looks for opportunities located in the Midwest and typically commits $1 to $5 million of capital per transaction. Sectors of interest include medical services & devices, telecommunications, manufacturing & distribution, industrial products & services and computer & software. AAVIN was formed in 1999 and is based in Cedar Rapids, Iowa.


DEAL STATS #
Overall 4 of 13
Sector (Metals/Mining) 1 of 2
Type (Add-on Acquisition) 3 of 9
State (Iowa) 2 of 3
Country (United States) 4 of 13
Year (2010) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Personna American Safety Razor

Cedar Knolls, New Jersey, United States

Personna American Safety Razor Company has manufacturing facilities located around the world and is one of the largest producers of shaving, medical, and industrial blades.Personna American Safety Razor Company is committed to QUALITY and makes every effort to ensure that its products meet the highest international standards for safety and quality.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-28 Greenleaf Book Group

Austin, Texas, United States

Greenleaf Book Group is a publisher and distributor of adult non-fiction and fiction trade books both paper and electronic that specializes in the development of independent authors and the growth of small presses. Greenleaf Book Group was founded in 1997 and is based in Austin, Texas.

Buy -
SELLER

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 14 of 54
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 6 of 23
State (Iowa) 1 of 2
Country (United States) 14 of 53
Year (2010) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-09 Icu Eyewear

Hollister, California, United States

Icu Eyewear is a designer and marketer of reading glasses, sunglasses and specialty eyewear. Icu Eyewear was founded in 1997 and is based in Hollister, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-04 All Island Media

Hauppauge, New York, United States

All Island Media is a publisher of free weekly shopping newspapers and related niche publications. All Island Media was formed in 1958 and is based in Hauppauge, New York.

Buy -