M&A Deal Summary

CHS Capital and Three Cities Research Acquire Hunt Valve

On October 24, 1995, private equity firms CHS Capital and Three Cities Research acquired machinery company Hunt Valve from Transtech Industries for 18M USD

Acquisition Highlights
  • This is CHS Capital’s 1st and Three Cities Research’s 1st transaction in the Machinery sector.
  • This is CHS Capital’s 6th and Three Cities Research’s largest (disclosed) transaction.
  • This is CHS Capital’s 3rd and Three Cities Research’s 1st transaction in the United States.
  • This is CHS Capital’s 1st and Three Cities Research’s 1st transaction in Ohio.
Investment Fate
  • Hunt Valve was sold to a consortium of financial buyers in 2015.
  • Hunt Valve was recapitalized in 2018.
  • Hunt Valve was sold to a strategic buyer in 2021.

M&A Deal Summary
Date 1995-10-24
Target Hunt Valve
Sector Machinery
Buyer(s) CHS Capital
Three Cities Research
Sellers(s) Transtech Industries
Deal Type Divestiture
Deal Value 18M USD

Target

Hunt Valve

Salem, Ohio, United States
website
Hunt Valve specializes in severe-duty valves and complementary engineered components and system solutions for applications that include primary metals (steel, aluminum), energy (nuclear, hydro, downstream oil & gas), process (chemical), and U. S. Navy nuclear-powered vessels, including all submarines and carriers in operation as well as the Virginia Class, Ford Class, and Columbia Class. Hunt Valve was founded in 1919 and is based in Salem, Ohio.

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Buyer(S) 2

Buyer

CHS Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHS Capital (formerly Code Hennessy & Simmons) is a large private equity firm that targets US based company investments in a variety of sectors. CHS will consider both control and non-control positions in businesses with proven management and strong growth potential. Broad sectors of interest include business services, consumer services, consumer products, distribution, industrial products and infrastructure. The Firm looks for businesses valued from $75 to $300 million. CHS will not invest in venture opportunities or turnaround situations. CHS was formed in 1988 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 42
Sector (Machinery) 1 of 2
Type (Divestiture) 1 of 1
State (Ohio) 1 of 3
Country (United States) 3 of 42
Year (1995) 2 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Weasler Engineering

West Bend, Wisconsin, United States

Weasler Engineering, Inc. is a manufacturer and distributor of mechanical power transmission products for agricultural and lawn & turf machinery.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Stronghaven

Atlanta, Georgia, United States

Stronghaven, Inc. is a corrugated packaging company. Stronghaven has four operating units (Advanced Design & Packaging, K&G Box, Highland Containers and Stronghaven Containers), each of which provides high-quality packaging solutions to its customers.

Buy -
Buyer

Three Cities Research

New York, New York, United States

website

Category Private Equity Firm
Founded 1976
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Three Cities Research (TCR) is a private equity firm focused on investing in underperforming companies. TCR looks for change of control situations where the firm's involvement can lead to improvements. Broad sectors of interest include manufacturing, distribution, industrial, services, and retail. Three Cities Research was formed in 1976 and is based in New York City.

DEAL STATS #
Overall 1 of 14
Sector (Machinery) 1 of 2
Type (Divestiture) 1 of 1
State (Ohio) 1 of 2
Country (United States) 1 of 12
Year (1995) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 HMY Group

Moneteau, France

HMY Group is a provider of retail store fixtures and related services. The company designs, manufactures, delivers and installs a full range of equipment and furnishings for supermarkets and hypermarkets. HMY Group was founded in 1960 and is based in Moneteau, France.

Buy -

Seller(S) 1

SELLER

Transtech Industries

Sewell, New Jersey, United States

website

Category Company
Founded 1995
Sector Electrical Equipment
Employees11
Revenue 413M USD (2009)
DESCRIPTION

Transtech Industries, through its subsidiaries,generates electricity utilizing methane gas, supervises and performs landfill monitoring and closure procedures and manages methane gas recovery operations.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (1995) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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