M&A Deal Summary

American Industrial Partners Acquires Shape Technologies Group

On August 15, 2013, private equity firm American Industrial Partners acquired machinery company Shape Technologies Group from Nordstjernan for 148M USD

Acquisition Highlights
  • This is American Industrial Partners’ 6th transaction in the Machinery sector.
  • This is American Industrial Partners’ 8th largest (disclosed) transaction.
  • This is American Industrial Partners’ 20th transaction in the United States.
  • This is American Industrial Partners’ 1st transaction in Washington.

M&A Deal Summary
Date 2013-08-15
Target Shape Technologies Group
Sector Machinery
Buyer(s) American Industrial Partners
Sellers(s) Nordstjernan
Deal Type Secondary Buyout
Deal Value 148M USD

Target

Shape Technologies Group

Kent, Washington, United States
Shape Technologies Group is a manufacturer of proprietary ultra-high pressure (“UHP”) pumps, waterjet cutting systems, and integrated robotic automation solutions that enable the processing of modern industrial materials. SHAPE offers customers a productivity solution that maximizes machine uptime, minimizes post-processing, and decreases cycle times. SHAPE serves customers in mission critical environments for industries including food processing, material handling, aerospace, automotive lightweighting, and general industrial markets.

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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 21 of 53
Sector (Machinery) 6 of 12
Type (Secondary Buyout) 3 of 7
State (Washington) 1 of 1
Country (United States) 20 of 46
Year (2013) 1 of 2
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 Potomac Supply

Kinsale, Virginia, United States

Potomac Supply Corporation manufactures a diverse range of wood products, including treated lumber, wood pellets, decking, fencing and pallets, in its wood-processing and production facilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-25 Manac

Saint-Geogres, Quebec, Canada

Manac, Inc. is a manufacturer of flatbed trailers, low-bed trailers, forestry trailers, chip trailers, dry-vans, and dump trailers. Manac was founded in 1996 and is based in Saint-Geogres, Quebec.

Sell -

Seller(S) 1

SELLER

Nordstjernan

Category Family Office
Founded 1890
PE ASSETS 23.0B SEK
Size Large
Type Sector Agnostic
DESCRIPTION

Nordstjernan is a family-backed private investment firm focused on long-term investments and acquisitions of companies throughout Sweden. The Firm looks to commit SEK 500 million to SEK 3 billion in situations where ownership is looking for a new partner to help with organic growth, acquisitions, or other strategic changes. Areas of investment interest include industrial, trade, healthcare, construction, real estate, and technology. Nordstjernan was established in 1890 and is based in Stockholm.

DEAL STATS #
Overall 2 of 12
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 1 of 4
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2013) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-25 Rutab AB

Nassjo, Sweden

Rutab AB is a supplier of electro-technical materials and components for automation technology with focus on cable glands, grommets and conduits for cabling solutions as well as machinery cables. Rutab was formed in 1987 and is based in Nassjo, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-13 BHG Group

Malmö, Sweden

BHG Group is a fast-growing European online platform for DIY and Home Furnishing (“Home Improvement”) with a clear market-leading position in the Nordics. It operates approximately 100 online sites comprising bygghemma.se, trademax.se, chilli.se, nordicnest.se, and furniturebox.se, as well as approximately 70 showrooms. BHG Group was formed in 2006 and is based in Malmö, Sweden.

Buy -
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