M&A Deal Summary

Bull Moose Industries Acquires XL Specialized Trailers

On February 5, 2016, Bull Moose Industries acquired machinery company XL Specialized Trailers from RockWood Equity Partners and Granite Partners

Acquisition Highlights
  • This is Bull Moose Industries’ 1st transaction in the Machinery sector.
  • This is Bull Moose Industries’ 1st transaction in the United States.
  • This is Bull Moose Industries’ 1st transaction in Iowa.

M&A Deal Summary

Date 2016-02-05
Target XL Specialized Trailers
Sector Machinery
Buyer(s) Bull Moose Industries
Sellers(s) RockWood Equity Partners
Granite Partners
Deal Type Add-on Acquisition

Target

XL Specialized Trailers

Manchester, Iowa, United States
XL Specialized Trailers, Inc. is a manufacturer of specialized heavy-duty trailers for infrastructure, agricultural, utility, oil and gas, mining and alternative energy markets in North America.

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Buyer(S) 1

Buyer

Bull Moose Industries

Chesterfield, Missouri, United States

Category Company
Founded 1962
Sector Metals/Mining
DESCRIPTION

Bull Moose Industries is comprised of three divisions Bull Moose Tube Co., Bull Moose Engineering and Bull Moose Engineering which manufacturer of steel pipe and tubes.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 2

SELLER

RockWood Equity Partners

Shaker Heights, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

RockWood Equity Partners is a private equity firm looking to acquire profitable lower-middle market North American companies generating sales of $10 to $75 million and EBITDA of $2 to $7 million. Target transaction types include management buyouts, recapitalizations, growth equity financings, and divestitures. Sectors of interest include aerospace, defense, healthcare, industrials/industrial technology, and business services. RockWood Equity Partners was formed in 1999 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 12 of 21
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 6 of 10
State (Iowa) 1 of 1
Country (United States) 11 of 19
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 Medical Positioning

Kansas City, Missouri, United States

Medical Positioning, Inc. is a manufacturer of medical positioning equipment to support therapy for children and adults with disabilities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 BJG Electronics Group

Ronkonkoma, New York, United States

BJG Electronics Group is a value-added distributor and light manufacturer of high-reliability electronic components serving the defense, commercial aerospace, and business aviation markets. BJG Electronics Group was founded in 1979 and is based in Ronkonkoma, New York.

Buy -
SELLER

Granite Partners

St. Cloud, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Granite Equity Partners is a private equity firm that invests in established companies headquartered in the upper Midwest, with a preference for Minnesota based opportunities. Granite looks for businesses in a wide range of industries and targets management buyouts, recapitalizations, and growth capital financing transactions. Prospective companies generally have revenues between $10 to $100 million and EBITDA between $1 to $5 million. Granite Equity Partners was formed in 2002 and is based in St. Cloud, Minnesota with additional office in Northfield, Minnesota.


DEAL STATS #
Overall 5 of 6
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Iowa) 1 of 1
Country (United States) 5 of 6
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-23 Circuit Check

Maple Grove, Minnesota, United States

Circuit Check is a provider of electronic test equipment and services to OEMs and contract manufacturers in the technology, medical and industrial and markets. Circuit Check was founded in 1979 and is based in Maple Grove, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Massman Companies

Villard, Minnesota, United States

Massman Companies provide a full line of automated packaging equipment including pouch filling, case packaging, shrink wrapping, palletizing and liquid filling solutions. Massman Companies was founded in 1978 and is based in Villard, Minnesota.

Buy -