M&A Deal Summary

Allegheny Ludlum Acquires J&L Specialty Products

On June 1, 2004, Allegheny Ludlum acquired manufacturer J&L Specialty Products from Court Square Capital Partners

Acquisition Highlights
  • This is Allegheny Ludlum’s 1st transaction in the Manufacturing sector.
  • This is Allegheny Ludlum’s 1st transaction in the United States.

M&A Deal Summary

Date 2004-06-01
Target J&L Specialty Products
Sector Manufacturing
Buyer(s) Allegheny Ludlum
Sellers(s) Court Square Capital Partners
Deal Type Add-on Acquisition

Target

J&L Specialty Products

United States
One of the leading manufacturers and distributors of stainless steel.

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Buyer(S) 1

Buyer

Allegheny Ludlum

Brackenridge, Pennsylvania, United States

Category Company
Sector Metals/Mining
DESCRIPTION

Allegheny Ludlum LLC, doing business as ATI Allegheny Ludlum Corporation, produces and markets stainless steels, silicon electrical steels, tool steels, titanium, and nickel alloy materials.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 11 of 57
Sector: Manufacturing M&A 2 of 5
Type: Add-on Acquisition M&A Deals 8 of 25
Country: United States M&A 10 of 54
Year: 2004 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-30 Aviall

Dallas, Texas, United States

Aviall, Inc. is a provider of repair, maintenance, and overhaul services and parts distribution for both commercial and general aviation aircraft engines.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 MagnaChip

Cheongju-si, South Korea

MagnaChip is a designer, developer and manufacturer of mixed-signal and digital multimedia semiconductors. It focuses on CMOS image sensors and flat panel display drivers designed for a wide variety of consumer electronics applications such as mobile handsets, flat panel televisions, computer monitors, digital cameras and PDAs. Magnachip Semiconductor was founded in 2004 and is based in Cheongju-si, South Korea.

Buy -