M&A Deal Summary

O2 Investment Partners and Northcreek Mezzanine Acquire Alpha Precision Group

On January 23, 2014, private equity firm O2 Investment Partners and Northcreek Mezzanine acquired manufacturer Alpha Precision Group from Cyprium Partners and Lynwood Capital Partners

Acquisition Highlights
  • This is O2 Investment Partners’ 3rd and Northcreek Mezzanine’s 3rd transaction in the Manufacturing sector.
  • This is O2 Investment Partners’ 3rd and Northcreek Mezzanine’s 10th transaction in the United States.
  • This is O2 Investment Partners’ 1st and Northcreek Mezzanine’s 1st transaction in Pennsylvania.
Investment Fate
  • Alpha Precision Group was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2014-01-23
Target Alpha Precision Group
Sector Manufacturing
Buyer(s) O2 Investment Partners
Northcreek Mezzanine
Sellers(s) Cyprium Partners
Lynwood Capital Partners
Deal Type Secondary Buyout

Target

Alpha Precision Group

Ridgway, Pennsylvania, United States
website
Alpha Precision Group is a manufacturer of high-precision powder metal components for the automotive, small engine, recreation vehicle, lawn & garden, agricultural equipment and commercial vehicle industries. Alpha Precision Group was founded in 1967 and is based in Ridgway, Pennsylvania.

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Buyer(S) 2

Buyer

O2 Investment Partners

Bloomfield Hills, Michigan, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

O2 Investment Partners is a Midwest US-based private equity group that acquires majority interests in small and mid-sized businesses operating in traditional industries, including manufacturing, niche distribution, select service and technology businesses. Target companies typically have stable cash flows, sustainable and defensible business models, and growth potential. O2 Investment Partners was formed in the year 2010 and is based in Bloomfield Hills, Michigan.


DEAL STATS #
Overall 4 of 24
Sector (Manufacturing) 3 of 4
Type (Secondary Buyout) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 3 of 23
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-12 Mercury Manufacturing

Wyandotte, Maine, United States

Mercury Manufacturing Co. is a designer, developer and manufacturer of custom precision valves and light mechanical assemblies for the AC/Refrigeration, Automotive and Heavy Truck industries. Mercury engineers and manufactures a variety of check valves, pressure relief valves, solenoid valves, quick adjust mechanisms for manual clutches, hydraulic shaft assemblies and a variety of other specialty valves, machined components and mechanical assemblies for a worldwide customer base. The company was founded in 1964 and is based in Wyandotte, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 Silbond

Weston, Michigan, United States

Silbond Corp. is a supplier of tetra ethyl ortho silicate (TEOS), a specialty chemical sold to an international customer base in the semiconductor, electronics, industrial protective coating, investment casting and chemical processing industries.

Sell -
Buyer
DESCRIPTION


DEAL STATS #
Overall 10 of 29
Sector (Manufacturing) 3 of 5
Type (Secondary Buyout) 2 of 5
State (Pennsylvania) 1 of 1
Country (United States) 10 of 29
Year (2014) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-13 ACME Cosmetic Components

Secaucus, New Jersey, United States

ACME Cosmetic Components is a designer and manufacturer of metal pans used in cosmetics packaging and the food and drug industry. ACME Cosmetic Components was founded in 1935 and is based in Secaucus, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-16 Whitworth Tool

Hardinsburg, Kentucky, United States

Whitworth Tool specializes in two primary types of business - precision parts manufacturing (both long and short run) and quick turn-around tool & die emergency repair and new tool manufacturing. Whitworth Tool was founded in 1998 and is based in Hardinsburg, Kentucky.

Buy -

Seller(S) 2

SELLER

Cyprium Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cyprium Partners is a private investment firm that provides mezzanine and equity capital to profitable, middle-market companies. The Firm will consider both non-control and control positions in businesses with revenue of $50 to $300 million and at least $8 million of EBITDA. Sectors of interest include traditional industries such as manufacturing, distribution, and services. Cyprium avoids investments in financial services, real estate, energy, commodities, natural resources, restaurants, long-term care and healthcare companies. Cyprium was formerly known as Key Principal Partners. The Firm has offices in Cleveland, Ohio and New York City.


DEAL STATS #
Overall 24 of 28
Sector (Manufacturing) 4 of 4
Type (Secondary Buyout) 10 of 12
State (Pennsylvania) 4 of 4
Country (United States) 23 of 27
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 ACT Entertainment

Hackensack, New Jersey, United States

ACT Entertainment is a distributor and manufacturer of lighting control consoles, lighting fixtures, and ancillary products for the live entertainment market. As the exclusive U. S. distributor for two premiers European OEMs, Clay Paky and MA Lighting. ACT Entertainment was founded in 1993 and is based in Hackensack, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-05 Honsador Holdings

Kapolei, Hawaii, United States

Honsador is the largest independent distributor of building products and electrical supplies in the state of Hawaii, serving the residential, commercial, and military markets. Founded in 1935, the Company operates out of two divisions: Honsador Lumber and Building Materials (“LBM”) and Alpha Electric (“Alpha”). LBM is the largest independent lumber and building materials distributor on the big island, and Alpha is the largest independent distributor of electrical products in the state of Hawaii.

Sell -
SELLER

Lynwood Capital Partners

Denver, Colorado, United States

website


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Lynwood Capital Partners, Inc. is a private equity firm focused on investments in lower middle-market businesses valued from $1 to $100 million. Lynwood does not have any sector preferences and generally targets 'highly focused companies serving niche markets'. Lynwood will consider both majority or minority ownership and will fund a variety of transaction situations, including, management buyouts, acquisitions, recapitalizations, corporate divestitures, growth financings, startups, and consolidations. Lynwood Capital Partners, Inc. was formed in 1989 and is based in Denver, Colorado.


DEAL STATS #
Overall 3 of 6
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 3 of 6
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-15 Chieftain Sand and Proppant

Garland, Arkansas, United States

Chieftain Sand and Proppant LLC is a manufacturer and supplier of frac sand and proppants for natural gas and oil wells, as well as a producer of industrial minerals for specialty markets and aggregates for the construction industry. Chieftain Sand and Proppant was founded in 2009 and is based in Garland, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 UPF Services

Spokane Valley, Washington, United States

UPF Services LLC is a provider of residential and commercial real estate mortgage and loan services to its financial institution customers. Mortgage lenders and loan servicers use these services to quantify and qualify risk and manage loss mitigation throughout the mortgage and loan spectrum.

Sell -