M&A Deal Summary

Monomoy Capital Partners Acquires Cast-Crete USA

On January 6, 2022, private equity firm Monomoy Capital Partners acquired building materials company Cast-Crete USA from Stonebridge Partners, Promus Equity Partners and Stockwell Capital

Acquisition Highlights
  • This is Monomoy Capital Partners’ 2nd transaction in the Building Materials sector.
  • This is Monomoy Capital Partners’ 39th transaction in the United States.
  • This is Monomoy Capital Partners’ 4th transaction in Florida.

M&A Deal Summary

Date 2022-01-06
Target Cast-Crete USA
Sector Building Materials
Buyer(s) Monomoy Capital Partners
Sellers(s) Stonebridge Partners
Promus Equity Partners
Stockwell Capital
Deal Type Secondary Buyout
Advisor(s) BlackArch (Financial)
Kirkland & Ellis (Legal)

Target

Cast-Crete USA

Seffner, Florida, United States
Cast-Crete USA is a manufacturer and distributor of precast and prestressed concrete lintels and sills. Cast-Crete USA was established in 1955 and is based in Seffner, Florida.

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Buyer(S) 1

Buyer

Monomoy Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monomoy Capital Partners is a private equity firm that invests in mid to large-sized companies valued up to $1 billion. Monomoy prefers cash flow positive companies with $20 to $100 million of EBITDA. Sectors of interest include automotive, industrial, distribution, consumer products, packaging, and transportation. Monomoy Capital Partners was formed in 2005 and is headquartered in New York City.


DEAL STATS #
Overall 39 of 44
Sector (Building Materials) 2 of 3
Type (Secondary Buyout) 6 of 7
State (Florida) 4 of 4
Country (United States) 39 of 44
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Thetford

Ann Arbor, Michigan, United States

Thetford is a manufacturer of mobile sanitation products for the RV, marine, camping and truck markets. Thetford was founded in 1963 and is based in Ann Arbor, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 Artesian Spas

Las Vegas, Nevada, United States

Artesian Spas is a manufacturer of hot tubs and swim spas that provide the best quality hot tubs and spas, the most features, and the greatest range of products. Artesian Spas is headquartered in Las Vegas, Nevada.

Buy -

Seller(S) 3

SELLER

Stonebridge Partners

White Plains, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stonebridge Partners is a private equity firm that targets investments in mid-sized privately-owned companies or divisions of public companies primarily serving the industrial or commercial marketplaces. The Firm 'particularly seeks companies where manufacturing equipment, processes, technology, patents, brand identity and/or reputation provide sustainable barriers to entry for potential competitors'. Target sectors include specialty manufacturing, value-added distributors, specialty packaging, building materials, and infrastructure. Stonebridge prefers businesses located in the US and Canada. Stonebridge Partners was formed in 1986 and is based in White Plains, New York.


DEAL STATS #
Overall 19 of 21
Sector (Building Materials) 3 of 3
Type (Secondary Buyout) 7 of 7
State (Florida) 2 of 2
Country (United States) 18 of 20
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 National Trench Safety

Houston, Texas, United States

National Trench Safety is an independent national provider of trench shoring and safety solutions in the U.S., with a differentiated business model that targets projects requiring a high level of consultative, construction services expertise. National Trench Safety was founded in 2003 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Godwin Formwork Solutions

Oklahoma City, Oklahoma, United States

Godwin Formwork Solutions designs, rents, and sells complex concrete formwork equipment and systems throughout the Midwest and Southwest U.S. markets. Godwin Formwork Solutions is based in Oklahoma City.

Buy -
SELLER

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 7
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 6 of 6
State (Florida) 1 of 1
Country (United States) 7 of 7
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Clarion

Milford, Pennsylvania, United States

Clarion is a provider of standards-based visual safety labels and signs that support original equipment manufacturers, facility owners, and employers in reducing risk and protecting workers. It serves thousands of customers across the world in a large and diverse set of industries. Customers rely on Clarion’s expertise to help them navigate applicable regulatory and safety standards related to risk communication, resulting in the implementation of tailored systems of risk reduction. Clarion Safety Systems was established in 1989 and is based in Milford, Pennsylvania.

Sell -
SELLER

Stockwell Capital

Austin, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.


DEAL STATS #
Overall 41 of 41
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 9 of 9
State (Florida) 3 of 3
Country (United States) 33 of 33
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Aurorium

Indianapolis, Indiana, United States

Aurorium is a manufacturer of high-value specialty chemicals used in the agroscience, nutrition, pharmaceutical, personal care, and performance materials markets. Aurorium producer of pyridine and picoline chemicals that function as key intermediates in the manufacturing of herbicides, insecticides, biocides, and a range of pharmaceutical and industrial products. Aurorium was founded in 1857 and is based in Indianapolis, Indiana.

Sell -