M&A Deal Summary

MW Components Acquires Precision Manufacturing Group

On October 30, 2015, MW Components acquired manufacturer Precision Manufacturing Group from Anvil Capital, HighPoint Capital Management, Argosy Private Equity and Plexus Capital

Acquisition Highlights
  • This is MW Components’ 3rd transaction in the Manufacturing sector.
  • This is MW Components’ 11th transaction in the United States.
  • This is MW Components’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2015-10-30
Target Precision Manufacturing Group
Sector Manufacturing
Buyer(s) MW Components
Sellers(s) Anvil Capital
HighPoint Capital Management
Argosy Private Equity
Plexus Capital
Deal Type Add-on Acquisition

Target

Precision Manufacturing Group

Cedar Grove, New Jersey, United States
Precision Manufacturing Group LLC is a designer and manufacturer of precision electrodeposited nickel bellows, bellows assemblies, flexible shaft couplings, electrical contacts, and lightweight structural electroforms.

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Buyer(S) 1

Buyer

MW Components

Charlotte, North Carolina, United States

Category Company
Sector Manufacturing
DESCRIPTION

MW Components is a manufacturer of products that make machines, engines, and complex sub-assemblies work harder, better, longer, and faster. Its full line of industrial springs, fasteners, machined parts, and flat-stamped spring-related products are engineered for peak performance and made from the world's best materials. MW Components is based in Charlotte, North Carolina.


DEAL STATS #
Overall 11 of 23
Sector: Manufacturing M&A 3 of 13
Type: Add-on Acquisition M&A Deals 11 of 22
State: New Jersey M&A 1 of 2
Country: United States M&A 11 of 23
Year: 2015 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 Helical Products Co.

Santa Maria, California, United States

Helical Products Company, Inc., is a manufacturer of standard and custom couplings, U-Joints, and machined springs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 Servometer

Cedar Grove, New Jersey, United States

Servometer designs and manufactures a high quality line of miniature bellows, flexible shaft couplings, contact springs and bellows assemblies.

Buy -

Seller(S) 4

SELLER

Anvil Capital

Boston, Massachusetts, United States

Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Anvil Capital is a private investment firm that seeks equity investments in established, privately held businesses. The Firm pursues companies with revenues of $8 to $20 million and EBITDA between $1 and $3 million. Anvil looks for businesses with significant organic and acquisition growth opportunities. Funds are generally used to support generational transitions of family businesses, recapitalizations, industry consolidations, and corporate divestitures. Anvil avoids investing in companies that are turnarounds, early stage, or operate in the industries of high technology, real estate, and healthcare. Anvil Capital was formed in 2002 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 2 of 5
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-07 Air Temp Mechanical Services

Berlin, Connecticut, United States

Air Temp Mechanical Services is a HVAC service providers. Air Temp Mechanical Services operates as a full-service mechanical contractor with an emphasis on design-build, service, maintenance, controls, retrofits, replacements, and energy management systems. Air Temp Mechanical Services was founded in 1978 and is based in Berlin, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Atlas Devices

Chelmsford, Massachusetts, United States

Atlas Devices is a developer, manufacturer, and supplier of rapid access solutions for security, defense and rescue applications. Atlas Devices was founded in 2005 and is based in Chelmsford, Massachusetts.

Buy -
SELLER

HighPoint Capital Management

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

HighPoint Capital LLC is a specialty finance company that provides capital for internal growth needs, refinancings, strategic acquisitions, management buyouts and dividend recapitalizations. HighPoint provides cash flow and asset based senior and subordinated term loans ranging between $2 and $10 million for lower middle market companies. The firm focuses on companies with $10 to $100 million of revenue and EBITDA of $2 to $10 million. HighPoint Capital was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 12 of 13
Sector: Manufacturing M&A 4 of 4
Type: Add-on Acquisition M&A Deals 6 of 7
State: New Jersey M&A 2 of 2
Country: United States M&A 12 of 13
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Connect-Air International

Auburn, Washington, United States

Connect-Air International, Inc. is a distributor of specialty low-voltage wire and cable products in the United States. Connect-Air International also designs and distributes cable assemblies, primary focus is on control and signal wires and related devices that are used in HVAC, security and fire alarm systems (both retrofits and new systems).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 Thorne Research

Sandpoint, Idaho, United States

Thorne Research, Inc. is a developer and manufacturer of high-quality, premium supplements sold primarily through medical professionals and also directly to consumers. Thorne Research is based in Sandpoint, Idaho.

Sell -
SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 26 of 55
Sector: Manufacturing M&A 4 of 7
Type: Add-on Acquisition M&A Deals 19 of 39
State: New Jersey M&A 2 of 3
Country: United States M&A 26 of 55
Year: 2015 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 AUC Group

Houston, Texas, United States

AUC Group LP is a provider of a wastewater treatment and water reuse solutions primarily to property developers and municipal customers, including utility districts, in the United States. AUC Group was founded in 1970 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 Linx Technologies

Merlin, Oregon, United States

Linx Technologies provides wireless modules, antennas, connectors, and wireless design services. It offers radio frequency (RF) modules, integrated circuits, OEM RF products, evaluation kits, and master development systems, interface modules, and connectors and cable assemblies. Linx Technologies was founded in 1997 and is based in Merlin, Oregon.

Buy -
SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 17 of 44
Sector: Manufacturing M&A 3 of 4
Type: Add-on Acquisition M&A Deals 10 of 23
State: New Jersey M&A 2 of 2
Country: United States M&A 17 of 44
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-03 RCI

Slidell, Louisiana, United States

RCI is a provider of landscaping maintenance and construction services in the southeastern United States. RRCI was founded in 1976 and is based in Slidell, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-01 LightRiver

Concord, California, United States

LightRiver is a provider of optical, data, and switching products and services for cloud data centers, government, enterprise, and utility sectors. LightRiver was founded in 1998 and is based in Concord, California.

Buy -