M&A Deal Summary

American Industrial Partners Acquires Commonwealth Rolled Products

On December 1, 2020, private equity firm American Industrial Partners acquired metals/mining company Commonwealth Rolled Products from Novelis for 171M USD

Acquisition Highlights
  • This is American Industrial Partners’ 1st transaction in the Metals/Mining sector.
  • This is American Industrial Partners’ 7th largest (disclosed) transaction.
  • This is American Industrial Partners’ 34th transaction in the United States.
  • This is American Industrial Partners’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2020-12-01
Target Commonwealth Rolled Products
Sector Metals/Mining
Buyer(s) American Industrial Partners
Sellers(s) Novelis
Deal Type Divestiture
Deal Value 171M USD

Target

Commonwealth Rolled Products

Lewisport, Kentucky, United States
Commonwealth Rolled Products produces aluminum rolled products serving the automotive and common alloy markets. Commonwealth operates a production facility in Lewisport, KY where it employs approximately 1,000+ associates and maintains its principal sales office in Cleveland, Ohio and its R&D center in Madison Heights, Michigan.

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Buyer(S) 1

Buyer

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 39 of 53
Sector (Metals/Mining) 1 of 2
Type (Divestiture) 13 of 19
State (Kentucky) 1 of 1
Country (United States) 34 of 46
Year (2020) 1 of 3
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 Contiweb

Boxmeer, Netherlands

Contiweb is a manufacturer of auxiliary equipment for offset printing for global markets as well as aftermarket sales and service provider for over 3,000 of its machines installed across a global customer base of commercial printers. Contiweb was founded in 1978 and is based in Boxmeer, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 SEACOR

Fort Lauderdale, Florida, United States

SEACOR is a holding company providing transportation and logistics services to support a wide range of business sectors. The SEACOR portfolio includes six wholly owned business lines and eight joint ventures. SEACOR’s Ocean Transportation and Logistics Services segment includes Seabulk, which owns and operates a diversified fleet of bulk transportation, port and infrastructure, and logistics assets, including U.S. Jones Act tankers and a fleet of harbor towing vessels in seven U.S. ports. It also includes SEACOR Island Lines, provider of liner, short-sea project cargo transportation and logistics services to and from the Bahamas and Turks and Caicos as well as Waterman Logistics/US Ocean, which provide global multi-modal logistics transportation for commercial and government customers via a fleet of car carriers and heavylift vessels. SEACOR was founded in 1989 and is based in Fort Lauderdale, Florida.

Buy $1.0B

Seller(S) 1

SELLER

Novelis

Atlanta, Georgia, United States
Category Company
Founded 2005
Sector Metals/Mining
DESCRIPTION

Novelis, Inc. is a producer of aluminum rolled products and the world's largest recycler of aluminum. Novelis supplies premium aluminum sheet and foil products to transportation, packaging, construction, industrial and consumer electronics markets throughout North America, Europe, Asia and South America. Novelis, Inc. is headquartered in Atlanta, Georgia, operates in 10 countries.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Aleris International

Cleveland, Ohio, United States

Aleris International is a producer of aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Major customers include some of the world’s largest companies in the aerospace, building and construction, containers and packaging, metal distribution, and transportation industries. Aleris serves these customers with its low-cost, flexible, technically advanced and strategically located manufacturing operations supported by industry-leading research and development.

Buy $2.6B
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