M&A Deal Summary

Angeles Equity Partners Acquires Acieta

On January 23, 2024, private equity firm Angeles Equity Partners acquired machinery company Acieta from Mitsui & Co

Acquisition Highlights
  • This is Angeles Equity Partners’ 2nd transaction in the Machinery sector.
  • This is Angeles Equity Partners’ 14th transaction in the United States.
  • This is Angeles Equity Partners’ 1st transaction in Iowa.

M&A Deal Summary

Date 2024-01-23
Target Acieta
Sector Machinery
Buyer(s) Angeles Equity Partners
Sellers(s) Mitsui & Co
Deal Type Divestiture
Advisor(s) Lincoln International (Financial)

Target

Acieta

Council Bluffs, Iowa, United States
Acieta is a full-service automation solutions provider with significant systems, controls, and software engineering capabilities. Acieta was formed in 1983 and is based in Council Bluffs, Iowa.

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Buyer(S) 1

Buyer
DESCRIPTION

Angeles Equity Partners LLC is a private equity firm focused on acquiring North American headquartered companies valued up to $350 million. Angeles is a hands-on investor and prefers underperforming companies in need of restructuring, non-core assets of larger businesses, or family/founder owned businesses that could benefit from operational assistance. Target sectors include automotive, building materials, machinery, chemicals, electronics, manufacturing, metals, transportation/logistics, packaging, and distribution. Angeles Capital Partners was formed in 2014 and is based in Los Angeles, California.


DEAL STATS #
Overall 15 of 16
Sector (Machinery) 2 of 2
Type (Divestiture) 2 of 2
State (Iowa) 1 of 1
Country (United States) 14 of 15
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Custom Goods

Carson, California, United States

Custom Goods is a 4PL provider of customized logistics solutions, including warehousing, transloading, drayage, value-added packaging & fulfillment services, and freight consolidation, to blue-chip commercial customers throughout the United States. Custom Goods was founded in 1962 and is based in Carson, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-30 O’Hara’s Son Roofing

Chicago, Illinois, United States

O’Hara’s Son Roofing is a national commercial and industrial roofing provider that provides new commercial roof construction, replacement, leak repair service, and preventative maintenance for commercial roofs. O’Hara’s Son Roofing was founded in 1987 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Mitsui & Co

Tokyo, Japan

Category Company
Founded 1947
Sector Diversified
Employees53,602
Revenue 13.32T JPY (2024)
DESCRIPTION

Mitsui & Co engages in the export, import, wholesale, and retail of steel products; steel processing; mining and sale of iron ores; and sale and trading of ferrous scrap and alloy products and chemicals, energy, food, food & retail management, healthcare & service, consumer business, IT & communication business, corporate development business. Mitsui & Co was founded in 1947 and is based in Tokyo, Japan.


DEAL STATS #
Overall 14 of 14
Sector (Machinery) 1 of 1
Type (Divestiture) 9 of 9
State (Iowa) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-27 EKA Mobility

Pune, India

EKA Mobility is an automotive & technology company, introducing, sustainable, profitable & efficient new energy commercial vehicles & solutions to accelerate mass adaptation. EKA Mobility was formed in 2019 and is based in Pune, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Sneha

Hyderabad, India

Sneha is an integrated production business encompassing feed manufacturing, broiler production, meat processing and packing, and the sale of meat products. Sneha was formed in 1982 and is based in Hyderabad, India.

Buy -