M&A Deal Summary |
|
|---|---|
| Date | 2023-06-08 |
| Target | WDS |
| Sector | Distribution |
| Buyer(s) | AFC Industries |
| Sellers(s) | Slate Capital Group |
| Deal Type | Add-on Acquisition |
| Advisor(s) | XLCS Partners, Inc. (Financial) |
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| Category | Company |
|---|---|
| Founded | 1987 |
| Sector | Manufacturing |
AFC Industries is a provider of supply chain management services and vendor-managed inventory programs to original equipment manufacturers. The company specializes in fasteners and other essential assembly components. It also provides a wide array of value-added services, including kitting, packaging, assembly, and other customization specific to their customers’ needs. AFC Industries was formed in 1987 and is based in College Point, New York.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 9 |
| Sector (Distribution) | 5 of 7 |
| Type (Add-on Acquisition) | 7 of 9 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 6 of 8 |
| Year (2023) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-30 |
Motor City Industrial
Hazel Park, Michigan, United States Motor City Industrial is a distributor of fasteners and related products to a variety of industries including automotive, trucking, defense, construction, and automation tooling. Motor City Industrial was founded in 1965 and is based in Hazel Park, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-31 |
CIF
West Chicago, United States CIF is a distributor of specialty and standard fasteners throughout North America. The company serves OEMs, hardware providers, and material fabricators across a diverse range of industries including heavy truck, wind and solar generation, defense, and automotive. Products supplied span from multi-processed blueprint custom parts to high-volume common fasteners. CIF was formed in 2003 and is based in West Chicago, Illinois. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Small |
| Type | Sector Agnostic |
Slate Capital Group is a private equity firm focused on acquiring controlling interests in small to mid-sized companies with $3 to $15 million of EBITDA. The Firm prefers companies headquartered in the Eastern half of the US and targets businesses operating in the business services, distribution, light manufacturing, and food & beverage sectors. Prospective companies typically exhibit recurring revenue, sustainable margins, identifiable growth opportunities, and significant barriers to entry. Slate Capital Group was formed in 2004 and is based in Baltimore, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Distribution) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 4 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 6 of 6 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-23 |
Nova Technologies
Tallahassee, Florida, United States Nova Technologies is a diversified high-technology company providing technology and support for training Army, Navy, Air Force, and Marine Corps Warfighters worldwide. Nova Technologies was founded in 1997 and is based in Tallahassee, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-14 |
Cumberland Diversified Metals
Cleveland, Ohio, United States Cumberland Diversified Metals is a value-added distributor and broker of specialty metals. Cumberland has particular product strength in prime and secondary stainless steel, prime and secondary aluminum, titanium, and nickel. CDM has developed a reputation for deep market knowledge and first-class customer service. Cumberland Diversified Metals buys and sells materials throughout the USA, Canada, and Mexico. Cumberland Diversified Metals is based in Cleveland, Ohio. |
Buy | - |
