M&A Deal Summary

Onex Falcon Acquires Dearborn Mid-West Company

On November 1, 2007, mezzanine finance firm Onex Falcon acquired machinery company Dearborn Mid-West Company

Acquisition Highlights
  • This is Onex Falcon’s 2nd transaction in the Machinery sector.
  • This is Onex Falcon’s 25th transaction in the United States.
  • This is Onex Falcon’s 1st transaction in Michigan.
Investment Fate
  • Dearborn Mid-West Company was sold to a strategic buyer in 2015.

M&A Deal Summary
Date 2007-11-01
Target Dearborn Mid-West Company
Sector Machinery
Buyer(s) Onex Falcon
Deal Type Buyout (LBO, MBO, MBI)

Target

Dearborn Mid-West Company

Taylor, Michigan, United States
Dearborn Mid-West Company is an engineering, procurement, and construction company that provides custom-engineered, turn-key material handling solutions. The company has a long and distinguished track record of over 60 years and serves a blue-chip customer base in diversified end-markets, including the power generation, automotive, general industrial, and postal industries. Dearborn Mid-West Company was founded in 1947 and is based in Taylor, Michigan.

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Buyer(S) 1

Buyer

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 25 of 56
Sector (Machinery) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 16
State (Michigan) 1 of 2
Country (United States) 25 of 53
Year (2007) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-03 RoadSafe Traffic Systems

Bensalem, Pennsylvania, United States

RoadSafe Traffic Systems is a provider in the U.S. of temporary traffic control devices on a rental basis, pavement marking and sign installation services. Roadsafe's customers consist of contractors, state and local departments of transportation and other agencies and railroad and utility companies engaged in highway and street construction and maintenance. Roadsafe also operates a studio equipment rental business engaged in the rental of aerial lift and other high-reach equipment for feature film, episodic television, commercials and video production in the greater Los Angeles area and in Albuquerque, New Mexico. RoadSafe Traffic Systems is based in Bensalem, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Kendrick Electric

Apple Valley, Minnesota, United States

Kendrick Electric is a wholesale electrical distributor, primarily focusing on the sale of electrical supplies to commercial contractors in the Chicagoland area. Kendrick Electric distributes products from a number of leading vendors including Siemens, Cutler-Hammer, Southwire, United Copper Industries, and Allied Tube and Conduit. Kendrick Electric is based in Apple Valley, Minnesota.

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