M&A Deal Summary

Anania & Associates Investments Acquires Elmet Technologies

On January 27, 2015, private equity firm Anania & Associates Investments acquired manufacturer Elmet Technologies from Seacoast Capital

Acquisition Highlights
  • This is Anania & Associates Investments’ 1st transaction in the Manufacturing sector.
  • This is Anania & Associates Investments’ 1st transaction in the United States.
  • This is Anania & Associates Investments’ 1st transaction in Maine.

M&A Deal Summary

Date 2015-01-27
Target Elmet Technologies
Sector Manufacturing
Buyer(s) Anania & Associates Investments
Sellers(s) Seacoast Capital
Deal Type Secondary Buyout

Target

Elmet Technologies

Lewiston, Maine, United States
Elmet Technologies is a manufacturer of a wide variety of metals products and advanced enabling materials using tungsten and molybdenum. Elmet transforms these raw materials from their simplest form into various shapes and sizes of rods, plates and sheets for end markets such as lighting products, high temperature furnaces, semiconductor equipment, DVD players and televisions. Elmet Technologies was founded in 1929 and is based in Lewiston, Maine.

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Buyer(S) 1

DESCRIPTION

Anania & Associates Investments is a private investment firm focused on acquiring companies throughout Maine in the US. The Firm targets lower middle-market business services and manufacturing companies with high margins and diverse products/services. Prospective companies are typically profitable with up to $50 million of revenue. Anania & Associates Investments was formed in 2008 and is headquartered in Portland, Maine.


DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Maine) 1 of 3
Country (United States) 1 of 3
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Poly Labs

Lewiston, Maine, United States

Poly Labs is producing engineered molded, self-skinning and small pour molded polyurethane components and PU material systems supporting defense, medical, footwear and impact protection applications. Poly Labs offers state-of-the-art machining capabilities, prototype tooling, material research, product testing, with a team that has over 150 years of combined polyurethane and thermoplastics manufacturing, engineering and sales experience. Poly Labs is based in Lewiston, Maine.

Buy -

Seller(S) 1

SELLER

Seacoast Capital

Danvers, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Seacoast Capital is a private investment firm that invests equity and mezzanine capital in smaller companies with revenues greater than $10 million and at least $2 million in operating income. Sectors of interest include manufacturing, distribution, business services and industrial technologies. Seacoast has a particular interest in companies located in underserved urban and rural markets, and in all cases, partners with management when considering transactions. Seacoast Capital was formed in 1994 and has offices in Danvers, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 7 of 21
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 4 of 7
State (Maine) 1 of 2
Country (United States) 7 of 21
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-16 Frank Entertainment Group

Jupiter, Florida, United States

Frank Entertainment Group operates pure play movie theatres, combination movie theatre/family entertainment complexes, and pure play family entertainment complexes in 5 states on the East coast under the Frank Theatres, CineBowl & Grille, Revolutions and Superplay USA marquees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-26 NEPW Logistics

Portland, Maine, United States

NEPW Logistics provides transportation, warehousing, inventory management, and other value-added services primarily for customers in the pulp and paper industry in New England. NEPW Logistics is based in Portland, Maine.

Buy -