M&A Deal Summary

Aterian Investment Partners Acquires Pioneer Metal Finishing

On August 2, 2018, private equity firm Aterian Investment Partners acquired metals/mining company Pioneer Metal Finishing from Prairie Capital

Acquisition Highlights
  • This is Aterian Investment Partners’ 2nd transaction in the Metals/Mining sector.
  • This is Aterian Investment Partners’ 13th transaction in the United States.
  • This is Aterian Investment Partners’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2018-08-02
Target Pioneer Metal Finishing
Sector Metals/Mining
Buyer(s) Aterian Investment Partners
Sellers(s) Prairie Capital
Deal Type Secondary Buyout

Target

Pioneer Metal Finishing

Green Bay, Wisconsin, United States
Pioneer Metal Finishing is a provider of metal finishing services, with primary processes including anodizing of aluminum and electroless nickel plating of ferrous and non-ferrous metals. Pioneer Metal Finishing was founded in 1945 and is based in Green Bay, Wisconsin.

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Buyer(S) 1

Buyer

Aterian Investment Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aterian Investment Partners is a special situations private equity firm that invests in middle-market businesses that are financially or operationally challenged, or require a creative transaction solution. Aterian invests in businesses generating $25 to $500 million of revenue with strong franchises. Sectors of interest include manufacturing, chemicals, industrials, consumer products, food, beverages, distribution, metals/mining, retail, restaurants, and healthcare services. Aterian Investment Partners LLC is formed in 2009 and is based in New York City.


DEAL STATS #
Overall 13 of 26
Sector (Metals/Mining) 2 of 3
Type (Secondary Buyout) 3 of 5
State (Wisconsin) 1 of 2
Country (United States) 13 of 25
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Vander-Bend Manufacturing

San Jose, California, United States

Vander-Bend Manufacturing is a developer, manufacturer, and assembler of precision products sold into medical technology, data center infrastructure, semiconductor capital equipment, and other end-market applications. Vander-Bend Manufacturing was founded in 1979 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 XGS

Chattanooga, Tennessee, United States

XGS is a provider of transportation and logistics services for the floor covering industry. XGS was founded in 1986 and is based in Chattanooga, Tennessee.

Buy -

Seller(S) 1

SELLER

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 45 of 55
Sector (Metals/Mining) 2 of 2
Type (Secondary Buyout) 21 of 26
State (Wisconsin) 2 of 2
Country (United States) 44 of 54
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 National Enzyme

Forsyth, Missouri, United States

National Enzyme Co. is a contract manufacturer of vitamins and supplements and offers its customers end-to-end product management, including ingredients, formulation development, creative packaging, and label design, production and packaging, and laboratory testing. National Enzyme was established in 1932 and is based in Forsyth, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 ProVest

Tampa, Florida, United States

ProVest is a provider of outsourced service of process and related services to law firms, leveraging its footprint of more than 2,000 process servers nationwide. Service of process is legally required consumer protection which ensures appropriate notification in legal cases. ProVest was founded in 1991 and is based in Tampa, Florida.

Sell -