M&A Deal Summary

Atkore International Acquires United Poly Systems

On June 22, 2022, Atkore International acquired manufacturer United Poly Systems from Industrial Opportunity Partners and NMP Capital

Acquisition Highlights
  • This is Atkore International’s 12th transaction in the Manufacturing sector.
  • This is Atkore International’s 12th transaction in the United States.
  • This is Atkore International’s 1st transaction in Missouri.

M&A Deal Summary
Date 2022-06-22
Target United Poly Systems
Sector Manufacturing
Buyer(s) Atkore International
Sellers(s) Industrial Opportunity Partners
NMP Capital
Deal Type Add-on Acquisition

Target

United Poly Systems

Springfield, Missouri, United States
United Poly Systems is a manufacturer of made-to-order high-density polyethylene (“HDPE”) pipe for a variety of infrastructure applications. The company product offering is commonly used in the Telecommunications, Power Utility, Electrical, CATV, Sewer, Potable Water, and Oil/Gas collection industries. United Poly Systems was founded in 2011 and is based in Springfield, Missouri.

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Buyer(S) 1

Buyer

Atkore International

Harvey, Illinois, United States
Category Company
Founded 1959
Sector Building Materials
Revenue 1.4B USD (2010)
DESCRIPTION

Atkore International, Inc. is a manufacture of galvanized steel tubing, sprinkler pipe, steel and flexible non-metallic conduit, pre-wired armored and metal clad electrical cables, cable tray, strut and metal framing systems.

DEAL STATS #
Overall 17 of 20
Sector (Manufacturing) 12 of 13
Type (Add-on Acquisition) 17 of 20
State (Missouri) 1 of 1
Country (United States) 12 of 15
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Talon

Bristol, Indiana, United States

Talon is a provider of patented, non-metallic, injection molded cable cleats for use in power distribution applications. Sold as Talon® Cable Cleats, the product supports and holds electrical cables when installed at intervals along the length of cable. Talon is based in Bristol, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-31 Cascade

Woodburn, Oregon, United States

Cascade is a manufacturer specializing in smooth wall HDPE conduit made from recycled materials, primarily serving the telecommunications, utility, and datacom markets. Cascade is based in Woodburn, Oregon.

Buy -

Seller(S) 2

SELLER

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Industrial Opportunity Partners is a private equity firm focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. IOP looks to invest $15 to $100 million in companies with revenues between $50 and $500 million with an EBITDA of $5 to $50 million. Sectors of interest include building products, electronics, foundry, and casting products, precision machining, stamped and fabricated products, automotive components and steel/metal processing. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of businesses. Industrial Opportunity Partners was formed in 2005 and is based in Evanston, Illinois.

DEAL STATS #
Overall 22 of 22
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 14 of 14
State (Missouri) 1 of 1
Country (United States) 20 of 20
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 N.B. Handy

Lynchburg, Virginia, United States

N.B. Handy is a building products distributor specializing in HVAC products, architectural metal roofing and machinery, with vertically integrated fabrication operations for select products. The Company has been in operation for over 130 years and serves the commercial and residential markets in the Southeast and Mid-Atlantic regions through its 21 locations in 6 states.

Buy -
SELLER

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 51 of 54
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 24 of 27
State (Missouri) 1 of 1
Country (United States) 49 of 52
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-15 McIntosh Group

New York, New York, United States

McIntosh Group is a developer of high-performance audio equipment controlling McIntosh, Audio Research, Sonus Faber and Wadia brands. McIntosh Group is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Vehicle Management Solutions

Mokena, Illinois, United States

Vehicle Management Solutions (VMS) is a provider of end-to-end vehicle management solutions including dispatch, vehicle storage and traffic incident management. The Company’s mission is to keep streets, roads and highways moving more safely and effectively. With a nationwide presence in 16 cities across 12 states, VMS focuses on building long-term relationships with states, municipalities, law enforcement agencies, insurance companies, logistics companies and various other clients to serve their communities. Vehicle Management Solutions was founded in 2005 and is based in Mokena, Illinois.

Buy -
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