M&A Deal Summary

High Street Capital Acquires Knight Material Technologies

On December 9, 2021, private equity firm High Street Capital acquired manufacturing company Knight Material Technologies from Koch Industries, Inc.

Acquisition Highlights
  • This is High Street Capital’s 4th transaction in the Manufacturing sector.
  • This is High Street Capital’s 24th transaction in the United States.
  • This is High Street Capital’s 3rd transaction in Ohio.

M&A Deal Summary

Date 2021-12-09
Target Knight Material Technologies
Sector Manufacturing
Buyer(s) High Street Capital
Sellers(s) Koch Industries, Inc.
Deal Type Divestiture

Target

Knight Material Technologies

East Canton, Ohio, United States
website
Knight Material Technologies designs, manufactures, installs, and repairs custom acid-resistant linings used in highly corrosive processes for the chemical and mining industries. Knight Material Technologies was founded in 1910 and is based in East Canton, Ohio.

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Buyer(S) 1

Buyer

High Street Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 165M USD
SizeSmall
Type Sector Agnostic
DESCRIPTION

High Street Capital is a private investment firm focused on acquiring lower middle-market businesses generating revenues $10-$100 million with an EBITDA up to $15 million. The Firm typically invests in recapitalizations, management buyouts and growth equity financings. Target sectors include business services, aerospace/defense, healthcare product manufacturers and suppliers, testing and analytical services, chemicals and coatings, specialty plastics, and test/measurement equipment manufacturers. High Street looks to commit $2 to $8 million of equity per transaction and will consider both control and non-control situations. High Street will not invest in retail businesses, restaurants, oil and gas, entertainment, commodities, turnarounds, or start-ups. High Street Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 24 of 24
Sector (Manufacturing) 4 of 4
Type (Divestiture) 2 of 2
State (Ohio) 3 of 3
Country (United States) 24 of 24
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 NeoSystems LLC

Tysons Corner, Virginia, United States

NeoSystems is a full-service strategic outsourcer, IT systems integrator, and managed services provider to the government contractor market. NeoSystems was founded in 2003 and is based in Tysons Corner, Virginia.

Buy -

Seller(S) 1

SELLER

Koch Industries, Inc.

Wichita, Kansas, United States

website


Category Company
Founded 1940
SectorManufacturing
Employees60,000
Revenue 115.0B USD (2012)
DESCRIPTION

Koch Industries, Inc., owns a diverse group of companies engaged in refining and chemicals; fibers and polymers; commodity and financial trading; and forest and consumer products.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Depcom Power, Inc.

Scottsdale, Arizona, United States

Depcom Power is a development support, engineering procurement & construction (EPC), and operations & maintenance (O&M) services provider for the Utility-Scale Solar industry. Depcom Power was founded in 2013 and is based in Scottsdale, Arizona.

Buy -