Buyout (LBO, MBO, MBI) • Metals/Mining

KPS Capital Partners and Monroe Capital Acquire AmeriCast Technologies

On December 1, 2003, private equity firm KPS Capital Partners and lender Monroe Capital acquired metals/mining company AmeriCast Technologies

Acquisition Context
  • This is KPS Capital Partners’ 1st and Monroe Capital’s 1st transaction in the Metals/Mining sector.
  • This is KPS Capital Partners’ 7th and Monroe Capital’s 2nd transaction in the United States.
  • This is KPS Capital Partners’ 2nd and Monroe Capital’s 1st transaction in Kansas.
Investment Fate
  • AmeriCast Technologies was sold to a consortium of financial buyers in 2006 for 110M USD.
  • AmeriCast Technologies was sold to a publicly-traded strategic buyer in 2008 for 288M USD.

Explore All 266 Buyout (LBO, MBO, MBI) Metals/Mining Deals - Search the Database Free


M&A Deal Summary

Date December 1, 2003
Target AmeriCast Technologies
Sector Metals/Mining
Buyer(s) KPS Capital Partners
Monroe Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

AmeriCast Technologies

Atchison, Kansas, United States
AmeriCast Technologies is a designer, manufacturer and supplier of high-engineered steel and iron castings and machined components for customers such as Caterpillar, General Electric and Electro-Motive.
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Buyers Overview 2

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 21.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $200 million to $2 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York, New York.


Deal Context for Buyer #
Overall 8 of 55
Sector: Metals/Mining 1 of 4
Type: Buyout (LBO, MBO, MBI) 4 of 10
State: Kansas 2 of 2
Country: United States 7 of 41
Year: 2003 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-05 Speedline Technologies

Franklin, Massachusetts, United States

Speedline Technologies, Inc., is a producer of manufacturing equipment and services for the printed circuit board and semiconductor packaging industries. Speedline's four core product lines - MPM®, Electrovert®, Accel®, and Camalot® - and its Protect services together provide a comprehensive product and service line for customers’ Surface Mount Technology (SMT) and Semiconductor Packaging requirements. Speedline has the largest installed base in the SMT industry, and its clients include many of the world's blue-chip electronics companies.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-02 NFI Group

Winnipeg, Manitoba, Canada

NFI Group, through its subsidiaries, including ​New Flyer Industries is a manufacturer of heavy-duty transit buses, offering a diverse range of sustainable transportation solutions including battery electric, fuel cell electric, hybrid-electric, compressed natural gas, and clean diesel buses. The Company operates multiple manufacturing facilities across Canada and the United States, producing its flagship Xcelsior® and Xcelsior CHARGE bus models. NFI Group was incorporated in 1895 and is based in Winnipeg, Manitoba.

Sell -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 2 of 135
Sector: Metals/Mining 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 39
State: Kansas 1 of 1
Country: United States 2 of 134
Year: 2003 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-01 Brook Furniture Rental

Lake Forest, Illinois, United States

Brook Furniture Rental primarily rents furniture, accessories and related services to individuals, corporations and small companies in the “rent-to-rent” segment of the furniture rental industry. The “rent-to-rent” segments serve both corporate and individual customers who desire flexibility in meeting their temporary and transitional needs. Brook Furniture Rental was founded in 1979 and is based in Lake Forest, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 TLC Health Care Services

Lake Success, New York, United States

TLC Health Care Services include nursing services, rehabilitation services, mental health services, wound management and hospice care. The company has maintained a track record of excellence and dedication to the highest standards in quality care.

Buy -