M&A Deal Summary

Oakland Standard and NewSpring Capital Acquire Lawton Standard

On December 1, 2014, private equity firms Oakland Standard and NewSpring Capital acquired metals/mining company Lawton Standard

Acquisition Highlights
  • This is Oakland Standard’s 1st and NewSpring Capital’s 1st transaction in the Metals/Mining sector.
  • This is Oakland Standard’s 1st and NewSpring Capital’s 81st transaction in the United States.
  • This is Oakland Standard’s 1st and NewSpring Capital’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2014-12-01
Target Lawton Standard
Sector Metals/Mining
Buyer(s) Oakland Standard
NewSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Lawton Standard

De Pere, Wisconsin, United States
Lawton Standard provides alloy and complicated metallurgical castings. Lawton Standard is a specialist in high alloy and complicated metallurgical castings. Lawton Standard is based in De Pere, Wisconsin.

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Buyer(S) 2

DESCRIPTION

Oakland Standard Co. is a private equity firm focused on lower middle-market (sub $10 million of EBITDA) industrial companies in the US and Canada. Specific areas of interest include niche manufacturers, value-added distributors, machinery, automotive, and building products. Prospective transaction situations include family-owned companies, recapitalizations, consolidations, divestitures, and out-of-favor industries. Oakland Standard Co. is based in Birmingham, Michigan.


DEAL STATS #
Overall 1 of 7
Sector (Metals/Mining) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 6
State (Wisconsin) 1 of 1
Country (United States) 1 of 7
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Motor City Industrial

Hazel Park, Michigan, United States

Motor City Industrial is a distributor of fasteners and related products to a variety of industries including automotive, trucking, defense, construction, and automation tooling. Motor City Industrial was founded in 1965 and is based in Hazel Park, Michigan.

Buy -
Buyer

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 82 of 196
Sector (Metals/Mining) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 22 of 41
State (Wisconsin) 1 of 4
Country (United States) 81 of 192
Year (2014) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 RedPath Integrated Pathology

Pittsburgh, Pennsylvania, United States

RedPath Integrated Pathology, Inc., based in Pittsburgh, PA, is a national specialty laboratory that provides complex cancer diagnostic testing for pathologists, oncologists and clinicians. Its patented molecular-based analysis, PathFinderTG?, integrates with routine pathology review of fixed slides, cytology and fluid specimens to render an early and definitive diagnosis where none would otherwise exist, thus improving patient outcomes and reducing healthcare costs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 SpeedConnect

Frankenmuth, Michigan, United States

SpeedConnect, Inc. is a privately-held Broadband Wireless Access (BWA) provider. Today, SpeedConnect is one of the nation’s largest rural wireless broadband Internet providers which serves over 20,000 residential and commercial wireless broadband Internet customers in Arizona, Idaho, Illinois, Iowa, Michigan, Montana, Nebraska, South Dakota, and Texas.

Buy -