M&A Deal Summary

American Securities Acquires MW Industries

On October 3, 2017, private equity firm American Securities acquired manufacturing company MW Industries, Inc. from Genstar Capital

Acquisition Highlights
  • This is American Securities’ 6th transaction in the Manufacturing sector.
  • This is American Securities’ 56th transaction in the United States.
  • This is American Securities’ 5th transaction in Illinois.

M&A Deal Summary

Date 2017-10-03
Target MW Industries, Inc.
Sector Manufacturing
Buyer(s) American Securities
Sellers(s) Genstar Capital
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Latham & Watkins (Legal)

Target

MW Industries, Inc.

Rosemont, Illinois, United States
website
MW Industries, Inc. is a manufacturer of products that make machines, engines, and complex sub-assemblies work harder, better, longer, and faster. Our full line of industrial springs, fasteners, machined parts, and flat-stamped spring-related products are engineered for peak performance and made from the world's best materials. Innovation and value are the linchpins of our company and no one in the industry can match our manufacturing capabilities and reputation for quality.

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Buyer(S) 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 20.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $250 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.


DEAL STATS #
Overall 57 of 73
Sector (Manufacturing) 6 of 7
Type (Secondary Buyout) 26 of 31
State (Illinois) 5 of 5
Country (United States) 56 of 72
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Specialty Care, Inc.

Nashville, Tennessee, United States

SpecialtyCare is a provider of outsourced operating room services including perfusion and intraoperative neuromonitoring, autotransfusion, sterile processing management, surgical assist, and minimally invasive surgical support. Specialty Care was founded in 1977 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-22 SeaStar Solutions, Inc.

Litchfield, Illinois, United States

SeaStar Solutions, Inc. is a provider of OEM and aftermarket products and accessories for the recreational marine and related markets. SeaStar Solutions is based in Litchfield, Illinois.

Sell $875M

Seller(S) 1

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 19.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


DEAL STATS #
Overall 38 of 59
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 14 of 23
State (Illinois) 3 of 5
Country (United States) 34 of 54
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Institutional Shareholder Services, Inc.

Rockville, Maryland, United States

Institutional Shareholder Services, Inc. is a provider of corporate governance and responsible investment (RI) solutions for asset owners, asset managers, hedge funds, and asset service providers. ISS’ solutions include objective governance research and recommendations; RI data, analytics, advisory, and research; end-to-end proxy voting and distribution solutions; turnkey securities class-action claims management (provided by Securities Class Action Services, LLC); and reliable global governance data and modeling tools. Clients rely on ISS’ expertise to help them make informed corporate governance and responsible investment decisions. Institutional Shareholder Services was formed in 1985 and is based in Rockville, Maryland.

Buy $720M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Tekni-Plex, Inc.

King of Prussia, Pennsylvania, United States

Tekni-Plex, Inc. is a globally-integrated company focused on developing and manufacturing innovative packaging materials, medical compounds and precision-crafted medical tubing solutions for some of the most well-known names in the medical, pharmaceutical, personal care, household and industrial, and food and beverage industries. Tekni-Plex is headquartered in Wayne, Pennsylvania, and operates manufacturing sites across eight countries worldwide to meet the needs of its global customers.

Buy -