M&A Deal Summary

Orica Acquires Excel Mining Systems

On September 23, 2007, Orica Ltd. acquired metals/mining company Excel Mining Systems LLC from TruArc Partners for 670M USD

Acquisition Highlights
  • This is Orica’s 1st transaction in the Metals/Mining sector.
  • This is Orica’s 1st largest (disclosed) transaction.
  • This is Orica’s 2nd transaction in the United States.
  • This is Orica’s 1st transaction in Ohio.

M&A Deal Summary

Date 2007-09-23
Target Excel Mining Systems LLC
Sector Metals/Mining
Buyer(s) Orica Ltd.
Sellers(s) TruArc Partners
Deal Type Add-on Acquisition
Deal Value 670M USD

Target

Excel Mining Systems LLC

Bowerston, Ohio, United States
website
Excel Mining Systems LLC is a provider in the production of roof support for the coal and hard rock mining industries. Excel Mining is a premier supplier of complete roof systems in the United States.

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Buyer(S) 1

Buyer

Orica Ltd.

East Melbourne, Australia

website


Category Company
Founded 1874
SectorChemicals
Employees13,000
Revenue 5.6B AUD (2020)
DESCRIPTION

Orica is a provider of commercial explosives and blasting systems to the mining and infrastructure markets, the provider in the provision of ground support in mining and tunneling, and is a supplier of sodium cyanide for gold extraction. Orica was founded in 1874 and is based in East Melbourne, Australia.


DEAL STATS #
Overall 4 of 6
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Minova International Ltd.

Addlestone, United Kingdom

Minova is a global manufacturer and supplier of securing and solidifying agents for mining and infrastructure customers, supplying both steel products (anchors, steel mesh, etc.) as well as chemical products (resins) and making it one of the top 3 in all relevant markets heard. Minova was established in 1882 and is based in Addlestone, United Kingdom.

Buy £357M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-30 Strata Control Systems, Inc.

Smithfield, Australia

Strata Control Systems specializes in products and services designed to prevent and solve mud and fluid losses in oil and gas drilling, and other applications around the world.

Buy -

Seller(S) 1

SELLER

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 2.4B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York City.


DEAL STATS #
Overall 1 of 16
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (Ohio) 1 of 1
Country (United States) 1 of 16
Year (2007) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-17 Laureate Education, Inc.

Baltimore, Maryland, United States

Laureate is a provider of higher education. The company’s network of 60 accredited campus-based and online universities offers undergraduate and graduate degree programs to more than 740,000 students across 29 countries. Laureate offers more than 130 career-focused, undergraduate, master’s, and doctoral degree programs in fields including architecture, art, business, culinary arts, design, education, engineering, health sciences, hospitality, information technology, law, and medicine. Laureate was founded in 1998 and is based in Baltimore, Maryland.

Buy $3.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-11 ArrMaz Custom Chemicals, Inc.

Mulberry, Florida, United States

ArrMaz Custom Chemicals, Inc. is a producer of process chemicals to the phosphate fertilizer mining and manufacturing industry, a manufacturer of additives to the asphalt paving market, and a growing supplier of other diversified industrial mineral flotation and surfactant chemicals.

Buy -