M&A Deal Summary

August Corporate Partners Acquires Exocor

On September 12, 2018, August Corporate Partners acquired metals/mining company Exocor from Saugatuck Capital Company, Ironwood Partners and NorthSpring Capital Partners

Acquisition Highlights
  • This is August Corporate Partners’ 1st transaction in the Metals/Mining sector.
  • This is August Corporate Partners’ 1st transaction in Canada.
  • This is August Corporate Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2018-09-12
Target Exocor
Sector Metals/Mining
Buyer(s) August Corporate Partners
Sellers(s) Saugatuck Capital Company
Ironwood Partners
NorthSpring Capital Partners
Deal Type Add-on Acquisition

Target

Exocor

St. Catharines, Ontario, Canada
Exocor, Inc. is a provider of welding filler metals used in fabrication, repair, and refurbishment across a diverse group of heavy industries including oil and gas, power generation, and infrastructure. Exocor was established in 1997 and is based in St. Catharines, Ontario.

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Buyer(S) 1

Buyer

August Corporate Partners

Burnaby, British Columbia, Canada

Category Company
Founded 1983
Sector Business Services
DESCRIPTION

August Corporate Partners is an active holding company, partnering with management to make great companies even greater. August Corporate Partners was established in 1983 and is based in Burnaby, British Columbia.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 3

SELLER

Saugatuck Capital Company

Wilton, Connecticut, United States

Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saugatuck Capital is a private equity firm that provides capital for growth, buyouts, and industry consolidations. Saugatuck targets smaller middle-market companies with revenues of $15 to $100 million operating in fragmented service and manufacturing industries. Saugatuck will not invest in high tech, real estate, or financial businesses, as well as start-ups and turnaround situations. Saugatuck was formed in 1982 and is a registered SBIC. The Firm is based in Wilton, Connecticut.


DEAL STATS #
Overall 8 of 11
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 7
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-20 American Pipe & Plastics

Kirkwood, New York, United States

American Pipe & Plastics, Inc. is a U.S. manufacturer of PVC conduit serving the Telecommunications, Cable TV, Power and Fiber Optic infrastructure markets. American Pipe and Plastics is located in Kirkwood, NY, just outside of Binghamton, NY, and has more than 45 employees. It has the capability of operating 24 hours a day, 7 days a week to meet customer demand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 AdvancedPCB

Santa Clara, California, United States

AdvancedPCB is a manufacturer of high reliability, technologically advanced, quick-turn printed circuit board prototypes for aerospace and defense, industrial, and consumer electronics companies. The company offers its customers world-class cycle times and quality, robust engineering capabilities, and comprehensive global program management. AdvancedPCB was founded in 1977 and is based in Santa Clara, California.

Sell -
DESCRIPTION

Ironwood Partners is a private equity firm focused on manufacturing and distribution company investments in middle-market companies valued less then $100 million. Ironwood pursues companies that can benefit from an operational focus on 'lean business systems'. The Firm also has a preference for companies operating in fragmented industries, with diversified customer bases, and proprietary products/services. Ironwood Partners is based in New York City.


DEAL STATS #
Overall 5 of 8
Sector: Metals/Mining M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 4
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 Simonds International

Springfield, Oregon, United States

Simonds International is a developer and manufacturer of industrial cutting tools for metal, wood, and paper. Simonds International was founded in 1832 and is based in Springfield, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Tidewater Equipment

Brunswick, Georgia, United States

Tidewater Equipment is a full-service distributor of logging equipment, parts, and service to the timber harvesting segment of the forestry industry. Tidewater Equipment was founded in 1947 and is based in Brunswick, Georgia.

Sell -
SELLER

NorthSpring Capital Partners

Cambridge, Ontario, Canada

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

NorthSpring Capital Partners is a provider of subordinated debt and equity capital to small businesses. The Firm takes minority positions and looks to invest $250k to $1 million to support management buyouts, acquisitions, growth needs, and in select special situations. NorthSpring generally targets 'local' business within a short drive of its office and will consider investing in a variety of industries including manufacturing, distribution and wholesale, business services, and technology. NorthSpring was formed in 2009 and is based in Cambridge, Ontario.


DEAL STATS #
Overall 4 of 5
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: Ontario M&A 4 of 5
Country: Canada M&A 4 of 5
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 Nicoya

Kitchener, Ontario, Canada

Nicoya is a provider of advanced analytical instruments for the biotechnology and pharmaceutical industries. Nicoya was founded in 2012 and is based in Kitchener, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Underknown

Toronto, Ontario, Canada

Underknown is a data-driven digital-first media company that specializes in creating short-form web series for social video platforms. Underknown was founded in 2016 and is based in Toronto, Ontario.

Buy -