M&A Deal Summary

One Equity Partners Acquires Momentum Manufacturing Group

On October 29, 2021, private equity firm One Equity Partners acquired manufacturer Momentum Manufacturing Group from Ironwood Capital, Akoya Capital Partners and Landon Capital Partners

Acquisition Highlights
  • This is One Equity Partners’ 10th transaction in the Manufacturing sector.
  • This is One Equity Partners’ 55th transaction in the United States.
  • This is One Equity Partners’ 3rd transaction in Massachusetts.

M&A Deal Summary

Date 2021-10-29
Target Momentum Manufacturing Group
Sector Manufacturing
Buyer(s) One Equity Partners
Sellers(s) Ironwood Capital
Akoya Capital Partners
Landon Capital Partners
Deal Type Secondary Buyout

Target

Momentum Manufacturing Group

Georgetown, Massachusetts, United States
website
Momentum Manufacturing Group provides metal fabrication, machining, powder coating, and assembly operation in New England and serves as a contract manufacturer to a range of consumer and industrial customers. Operations include fabrication and machining with a broad array of process technologies serving diverse end markets. Momentum Manufacturing Group was founded in 1982 and is based in Georgetown, Massachusetts.

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Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.


DEAL STATS #
Overall 96 of 122
Sector (Manufacturing) 10 of 15
Type (Secondary Buyout) 13 of 21
State (Massachusetts) 3 of 3
Country (United States) 55 of 70
Year (2021) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 ResultsCX

Fort Lauderdale, Florida, United States

ResultsCX provides automation-enabled customer support, acquisition, enrollment, retention, membership assistance, technical support, and transaction processing services to companies across the healthcare, telecom and cable, media, and retail industries. ResultsCX was founded in 1990 and is based in Fort Lauderdale, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 USNR

Woodland, Washington, United States

USNR is a manufacturer of products ranging from single machines to highly engineered and technologically sophisticated turnkey solutions for wood processors in the plywood and panel, solid wood, and engineered wood sectors. USNR is based in Woodland, Washington.

Buy -

Seller(S) 3

SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $5 to $20 million in companies generating $20 to $200 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 44 of 51
Sector (Manufacturing) 6 of 8
Type (Secondary Buyout) 10 of 12
State (Massachusetts) 5 of 5
Country (United States) 44 of 51
Year (2021) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-15 Red River Waste Solutions

Dripping Springs, Texas, United States

Red River Waste Solutions is a solid waste management and recycling company specializing in residential and commercial solid waste collection, hauling, and landfill management. Red River Waste Solutions was founded in 1988 and is based in Dripping Springs, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Tracked Lifts

New Oxford, Pennsylvania, United States

Tracked Lifts is a distributor and supplier of Platform Basket and Omme Lift tracked multi-terrain man lifts. Tracked Lifts is based in New Oxford, Pennsylvania.

Buy -
DESCRIPTION

Akoya Capital Partners is a private equity firm focused on acquiring profitable US-based middle-market companies with $25 to $200 million in revenue. The Firm generally pursues privately-owned companies, especially family-owned businesses. Sectors of interest include chemicals, food, information services, consumer products, industrial products, and industrial distribution. Akoya Capital Partners was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 11 of 11
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 3 of 3
State (Massachusetts) 2 of 2
Country (United States) 11 of 11
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 Star Plastics

Ravenswood, West Virginia, United States

Star Plastics is a producer of engineering grade plastic custom color compounds and a provider of tolling and polymer sourcing services. Star Plastics was founded in 1988 and is based in Ravenswood, West Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 WePackItAll

Duarte, California, United States

WePackItAll is a premier supplier of contract packaging, filling, fulfillment, and warehousing services to leading brands in the nutraceutical, dietary supplements, food & beverage, and health & beauty sectors. WPIA’s primary packaging solutions include stick packs, sachets, gummy bottles, powder / tablet bottles, and multipacks. WePackItAll was founded in 1974 and is based in Duarte, California.

Buy -
DESCRIPTION

Landon Capital Partners is a family office focused on acquiring healthcare services, niche manufacturing, business services, and food/beverage companies. Landon Capital seeks control situations and prefers US-based opportunities, although the Firm will opportunistically consider acquisitions in Europe. Target companies generally exhibit opportunities to create value, strong management, and predictable earnings. Landon Capital Partners was formed in 2015 and is based in Boston, Massachusetts, and has offices in New York and London.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Walbro

Tucson, Arizona, United States

Walbro is a large manufacturer of carburetors and a major manufacturer of ignition systems, fuel injection and air/fuel management components, and fuel storage and delivery components for engines targeted at outdoor power equipment, marine, recreational and two-wheel applications. Walbro is based in Tucson, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 iMemories

Scottsdale, Arizona, United States

iMemories is focused on preserving and sharing a lifetime of memories by taking old home movies on 8mm, Super 8, and VHS, as well as photo prints, negatives, and slides, and digitizing them with pristine quality so they last for generations to come. Their innovative app allows customers to view and share memories on any device, organize them, and add to them over time. iMemories was formed in 2006 and is based in Scottsdale, Arizona.

Buy -