M&A Deal Summary

Industrial Opportunity Partners Acquires Gulf Coast Machine & Supply

On February 1, 2008, private equity firm Industrial Opportunity Partners LLC acquired manufacturing company Gulf Coast Machine & Supply Co. for 24M USD

Acquisition Highlights
  • This is Industrial Opportunity Partners’ 2nd transaction in the Manufacturing sector.
  • This is Industrial Opportunity Partners’ 1st largest (disclosed) transaction.
  • This is Industrial Opportunity Partners’ 4th transaction in the United States.
  • This is Industrial Opportunity Partners’ 1st transaction in Texas.
Investment Fate
  • Gulf Coast Machine & Supply was sold to a financial buyer in 2012.
  • Gulf Coast Machine & Supply was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2008-02-01
Target Gulf Coast Machine & Supply Co.
Sector Manufacturing
Buyer(s) Industrial Opportunity Partners LLC
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 24M USD

Target

Gulf Coast Machine & Supply Co.

Beaumont, Texas, United States
website
Gulf Coast Machine & Supply Co. is a manufacturer of large forgings for use in the oil and gas, petrochemical, wind energy, and general industrial markets. Gulf Coast Machine & Supply was founded in 1919 and is based in Beaumont, Texas.

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Buyer(S) 1

Buyer

Industrial Opportunity Partners LLC

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 910M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Industrial Opportunity Partners is a private equity firm focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. IOP looks to invest $10 to $75 million in companies with revenues between $30 and $400 million with an EBITDA of $5 to $50 million. Sectors of interest include building products, electronics, foundry, and casting products, precision machining, stamped and fabricated products, automotive components and steel/metal processing. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of businesses. Industrial Opportunity Partners was formed in 2005 and is based in Evanston, Illinois.


DEAL STATS #
Overall 4 of 29
Sector (Manufacturing) 2 of 7
Type (Buyout (LBO, MBO, MBI)) 4 of 14
State (Texas) 1 of 1
Country (United States) 4 of 27
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-05 FAS Controls, Inc.

Shelby, North Carolina, United States

FAS Controls is a manufacturer of pressure switches, valves, circuit breakers, mechanical switches, coils and solenoids. These custom-designed and application specific products are primarily sold to original equipment manufacturers of heavy trucks, automobiles and commercial equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-05 E.B. Bradley Co.

Los Angeles, California, United States

E.B. Bradley is a West Coast distributor of cabinet hardware, laminates and surfacing products, board products, edgebanding, and woodworking supplies, as well as a manufacturer of laminated panels, serving the commercial construction and residential renovation markets. Operating from an established network of 11 facilities located in California, Oregon, Washington and Arizona, E.B. Bradley and its manufacturing subsidiary, West Coast Laminating, serve over 14,000 active customers, providing value-added services and next-day delivery of a broad array of premium branded products.

Buy -