M&A Deal Summary

Ammeraal Beltech Acquires Midwest Industrial Rubber

On February 1, 2020, Ammeraal Beltech acquired machinery company Midwest Industrial Rubber from Incline Equity Partners

Acquisition Highlights
  • This is Ammeraal Beltech’s 2nd transaction in the Machinery sector.
  • This is Ammeraal Beltech’s 1st transaction in the United States.
  • This is Ammeraal Beltech’s 1st transaction in Missouri.

M&A Deal Summary
Date 2020-02-01
Target Midwest Industrial Rubber
Sector Machinery
Buyer(s) Ammeraal Beltech
Sellers(s) Incline Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

Midwest Industrial Rubber

St. Louis, Missouri, United States
Midwest Industrial Rubber is a provider of industrial maintenance, repair, and operations products, specializing in the fabrication and distribution of lightweight conveyor belting and related conveyor components and accessories. MIR is the largest independent lightweight belting fabricator/distributor in the U.S. and holds a sustainable, differentiated position as the value and service leader in its marketplace. Midwest Industrial Rubber was founded in 1980 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Ammeraal Beltech

Heerhugowaard, Netherlands
Category Company
Founded 1964
Sector Manufacturing
Employees2,469
Revenue 325M EUR (2014)
DESCRIPTION

Ammeraal Beltech is a manufacturer, distributor and services conveyor belts for a diverse range of applications in light industries, including food processing, automotive, logistics and textiles. Ammeraal Beltech was founded in 1964 and is based in Heerhugowaard, Netherlands.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-06 Filtration

Avon, United Kingdom

Filtration Ltd is a provider of high quality filters manufacturer for mobile plant applications such as for the construction equipment, agricultural, military and industrial process applications as well as OEM producers.

Sell -

Seller(S) 1

SELLER

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.

DEAL STATS #
Overall 29 of 39
Sector (Machinery) 3 of 3
Type (Add-on Acquisition) 10 of 11
State (Missouri) 1 of 1
Country (United States) 28 of 38
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Foundation Source

Fairfield, Connecticut, United States

Foundation Source is a provider of comprehensive support services for private foundations. Foundation Source complete outsourced solutions include foundation creation (as needed), administrative support, active compliance monitoring, philanthropic advisory, tax, and legal expertise, and online foundation management tools. Foundation Source provides its services to more than 1,600 family, corporate, and professionally staffed foundations, of all sizes, nationwide. Foundation Source was founded in 2001 and is based in Fairfield, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 BFG Supply

Burton, Ohio, United States

BFG Supply distributes a full line of professional horticulture and lawn & garden products including containers, growing media, chemicals, fertilizer, seed, and greenhouse equipment. BFG leverages technology to efficiently serve its customers with industry-leading product selection and service levels. BFG Supply was founded in 1972 and is based in Burton, Ohio.

Buy -
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