M&A Deal Summary

Aurora Resurgence Acquires Miami Valley Steel Service

On January 1, 2010, distressed investor Aurora Resurgence acquired metals/mining company Miami Valley Steel Service from Esmark

Acquisition Highlights
  • This is Aurora Resurgence’s 1st transaction in the Metals/Mining sector.
  • This is Aurora Resurgence’s 4th transaction in the United States.
  • This is Aurora Resurgence’s 1st transaction in Ohio.
Investment Fate
  • Miami Valley Steel Service was sold to management in 2013.

M&A Deal Summary

Date 2010-01-01
Target Miami Valley Steel Service
Sector Metals/Mining
Buyer(s) Aurora Resurgence
Sellers(s) Esmark
Deal Type Divestiture

Target

Miami Valley Steel Service

Piqua, Ohio, United States
Miami Valley Steel Service, Inc. provides steel processing services and engages in the distribution of low carbon flat roll steel products. Miami Valley provides steel coil, sheets, precision blanks, edged conditioned coil, oscillate coil and bar stock.

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Buyer(S) 1

Buyer

Aurora Resurgence

Investor Investor


Category Distressed Investor
Founded 1991
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aurora Resurgence is a private equity firm focused on complex or special situation investments. The Firm is associated with private equity group Aurora Capital Group and looks to invest $25 to $100 million of equity or debt capital to support a variety of investment situations including buyouts, carve-outs, recapitalizations, 363 sales, secondary debt purchases, DIP financings, and restructurings. Aurora Resurgence is based in Los Angeles, California.


DEAL STATS #
Overall 4 of 12
Sector: Metals/Mining M&A 1 of 2
Type: Divestiture M&A Deals 1 of 5
State: Ohio M&A 1 of 2
Country: United States M&A 4 of 10
Year: 2010 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 TOPS Parking

Chicago, Illinois, United States

TOPS Parking is a owner of off-site airport parking facilities. The Company currently operates 8 facilities strategically positioned near major metropolitan airports throughout the U.S. that are designed to offer customers an efficient and affordable alternative to on-airport parking. TOPS Parking offers valet, self-park, covered, indoor and uncovered parking, as well as select car care services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-18 New Star Metals

Burr Ridge, Illinois, United States

New Star Metals, Inc. is engaged in the processing and distribution of value-added steel products with about 400,000 tons of current processing capacity serving customers across a variety of end markets in the Midwest.

Buy -

Seller(S) 1

SELLER

Esmark

Sewickley, Pennsylvania, United States

Category Company
Sector Manufacturing
DESCRIPTION

Esmark's business is primarily comprised of steel service centers that process and distribute flat-rolled and bar products for the light manufacturing and durable goods industries. Esmark also has ancillary business units that include transportation, human resources management and energy operations. Esmark is based in Sewickley, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Excalibur Machine Co.

Conneaut Lake, Pennsylvania, United States

Excalibur Machine Co., Inc. manufactures, designs, and molds plastic parts for the medical and consumer products industries.

Buy -