M&A Deal Summary

BERKS Group Acquires Swiss-Tech

On December 31, 2018, private equity firm BERKS Group acquired manufacturer Swiss-Tech from Cornerstone Industrial Group and South Franklin Street Partners

Acquisition Highlights
  • This is BERKS Group’s 2nd transaction in the Manufacturing sector.
  • This is BERKS Group’s 5th transaction in the United States.
  • This is BERKS Group’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2018-12-31
Target Swiss-Tech
Sector Manufacturing
Buyer(s) BERKS Group
Sellers(s) Cornerstone Industrial Group
South Franklin Street Partners
Deal Type Secondary Buyout

Target

Swiss-Tech

Delavan, Wisconsin, United States
Swiss-Tech is a niche manufacturer of low-volume, highly engineered, small, precision-machined parts for the aerospace, medical, fluid power, and industrial markets. Swiss-Tech was founded in 1965 and is based in Delavan, Wisconsin.

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Buyer(S) 1

Buyer

BERKS Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

The BERKS Group is a division of the privately held News-Press & Gazette Company and the Bradley family holdings business. BERKS looks to acquire and invest in profitable manufacturing, education technology, and technology infrastructure businesses valued between $10 and $100 million. The Firm doesn't have an investment horizon and seeks to partner with strong brands led by talented management. The BERKS Group is based in Kansas City, Missouri.

DEAL STATS #
Overall 5 of 9
Sector (Manufacturing) 2 of 4
Type (Secondary Buyout) 1 of 1
State (Wisconsin) 1 of 2
Country (United States) 5 of 8
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-05 Workforge

St Joseph, Missouri, United States

Workforge is an organization dedicated to your employee retention strategy by offering state-of-the-art, standardized and personalized training content and delivery platforms to reduce your costs associated with training and turnover. Workforge is based in St Joseph, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-19 Waterloo Sparkling Water

Austin, Texas, United States

Waterloo Sparkling Water is an independent sparkling water brand, focusing on fruit-inspired flavor and aroma and delivering a richer, more authentic taste. Waterloo is made with Non-GMO Project verified and Whole 30 Approved flavors, free of calories, sodium, sugar and artificial sweeteners. For the benefit of its fans and the environment, Waterloo has only ever been produced in aluminum cans made with BPA-free liners. Waterloo Sparkling Water was founded in 2017 and is based in Austin, Texas.

Buy -

Seller(S) 2

SELLER

Cornerstone Industrial Group

Chagrin Falls, Ohio, United States

Investor

Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Cornerstone Industrial is a private investment firm that looks to acquire and invest in privately held industrial companies in the Great Lakes area of the US and Canada. Cornerstone seeks companies with operating income under $5 million. Specific areas of interest include rubber and plastics products; manufacturers of industrial machinery; fabricated metal products; measuring instruments; industrial products; refractory and ceramic products; value-added distributors; and niche business services. Cornerstone acquires majority interests only. Cornerstone will not invest in startups or companies with high customer concentration. Cornerstone Industrial was formed in 1997 and is based in Chagrin Falls, Ohio.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 3 of 3
State (Wisconsin) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-10 Rhopac

Libertyville, Illinois, United States

Rhopac is a fabricator and converter of flexible, non-metallic materials into tight tolerance parts and components that include diaphragms, seals, pressure-sensitive tapes, gaskets, and vibration control & sound dampening solutions. Rhopac was founded in 1932 and is based in Libertyville, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Terrawise Solutions

McDonough, Georgia, United States

Terrawise Solutions offers a comprehensive range of advanced construction technologies and provide the latest equipment from Leica-Geosystems, respected world wide for manufacturing the most accurate instruments in the market. Terrawise Solutions was founded in 2002 and is based in McDonough, Georgia.

Buy -
SELLER

South Franklin Street Partners

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 4 of 4
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 4 of 4
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-09 MC Assembly

Palm Bay, Florida, United States

MC Assembly is a provider of electronic manufacturing services to the medical, gaming, industrial, computer and telecommunications industries. Based in Melbourne, FL, MC’s primary focus is low to medium volume, medium-high mix printed circuit board assembly, with an emphasis on high material content printed circuit boards. MC Assembly was founded in 1984 and is based in Palm Bay, Florida.

Sell $65M
Mergr

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