M&A Deal Summary

G.L. Ohrstrom Acquires Magnatech International

On May 23, 2008, private equity firm G.L. Ohrstrom and Co. acquired machinery company Magnatech International, Inc. from Hamilton Robinson Capital Partners and Altus Capital Partners for 56M USD

Acquisition Highlights
  • This is G.L. Ohrstrom’s 1st transaction in the Machinery sector.
  • This is G.L. Ohrstrom’s 1st largest (disclosed) transaction.
  • This is G.L. Ohrstrom’s 2nd transaction in the United States.
  • This is G.L. Ohrstrom’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2008-05-23
Target Magnatech International, Inc.
Sector Machinery
Buyer(s) G.L. Ohrstrom and Co.
Sellers(s) Hamilton Robinson Capital Partners
Altus Capital Partners
Deal Type Secondary Buyout
Deal Value 56M USD
Advisor(s) Houlihan Lokey (Financial)

Target

Magnatech International, Inc.

Robesonia, Pennsylvania, United States
website
Manufacturer of equipment and replacement parts for the reinforced hose marketplace.

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Buyer(S) 1

Buyer

G.L. Ohrstrom and Co.

New York, New York, United States

Investor

website


Category Private Equity Firm
Founded 1926
SizeSmall
Type Sector Agnostic
DESCRIPTION

G.L. Ohrstrom & Co. Inc. (GLO) is an investment firm focused on private equity investments in companies that manufacture a wide range of engineered products. GLO specifically targets manufacturers that serve the industrial, energy, aerospace, medical, and consumer markets. GLO will only consider control investments and prospective companies should be located within the US and Canada. GLO will not invest in real estate, restaurants, retail, telecommunications, or financial services. Prospective transaction situations include recapitalizations, growth capital, and buyouts. GLO was formed in 1926 and has offices in New York City and Atlanta, Georgia.


DEAL STATS #
Overall 2 of 3
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-24 Tritex Corp.

Columbus, Ohio, United States

Tritex Corp. is a designer and manufacturer of fractional horsepower linear actuators, lead screw assemblies, rotary stepper motors and hermetically sealed switches for niche market applications. Tritex was founded in 1973 and is based in Columbus, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-09 Seal Industries, Inc.

Spring, Texas, United States

Seal Industries, Inc. is a provider of technical repair and compliance services to the refinery, petrochemical and utility markets.

Buy -

Seller(S) 2

SELLER

Hamilton Robinson Capital Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Hamilton Robinson (HR) is a private equity firm that targets investments in small to mid-sized companies with revenues between $15 and $200 million headquartered in the US or Canada. Preferred industries include industrial processes and engineered products, energy and utility equipment and services, business and commercial services, and specialty publishing. HR looks for companies needing equity capital for management buyouts, corporate growth, and recapitalizations. HR will not invest in commodity businesses, companies with high customer concentration, real estate, natural resources, or early stage opportunities. HR prefers to lead investments and will consider both majority or minority positions. Hamilton Robinson was formed in 1984 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 8 of 17
Sector (Machinery) 2 of 5
Type (Secondary Buyout) 3 of 8
State (Pennsylvania) 2 of 2
Country (United States) 7 of 15
Year (2008) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-25 Dexter Magnetic Technologies, Inc.

Elk Grove Village, Illinois, United States

Dexter Magnetic Technologies, Inc. is a designer, manufacturer and provider of mission-critical, highly-engineered magnetic solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-07 GranQuartz Holdings LLC

Tucker, Georgia, United States

GranQuartz is a stone tool distributor located in Tucker, GA (a suburb of Atlanta). GranQuartz sells tools, equipment and supply items to the natural stone market in North America. GranQuartz Holdings was founded in 1971 and is based in Tucker, Georgia.

Sell -
SELLER

Altus Capital Partners

Wilton, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 280M USD
SizeMiddle-Market
Type Sector Focused
DESCRIPTION

Altus Capital Partners is a private equity firm focused on acquiring and investing in medium sized North American-based manufacturing companies. Altus looks for businesses with EBITDA of at least $4 million and valued between $25 and $100 million. Typical transaction types include buyouts, recapitalizations, consolidations, and divestitures. Alta Capital was formed in 2003 and has offices in Wilton, Connecticut and Lincolnshire, Illinois.


DEAL STATS #
Overall 1 of 13
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 1 of 4
State (Pennsylvania) 1 of 2
Country (United States) 1 of 13
Year (2008) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-22 Thermafiber, Inc.

Wabash, Indiana, United States

Thermafiber, Inc. is a producer of mineral wool insulation products used primarily in commercial and industrial buildings. Thermafiber's products are sold to construction markets, power and process markets, and a wide variety of industrial and OEM markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-02 The D.S. Brown Co., Inc.

North Baltimore, Ohio, United States

The D.S. Brown Co., Inc. is a manufacturer of critical, specialty components for bridges, elevated roadways, highways, airfield pavement structures and other elements of the transportation infrastructure.

Buy -