M&A Deal Summary

Burton Mill Solutions Acquires Simonds International

On January 10, 2018, Burton Mill Solutions acquired machinery company Simonds International from Ironwood Partners and Nautic Partners

Acquisition Highlights
  • This is Burton Mill Solutions’ 2nd transaction in the Machinery sector.
  • This is Burton Mill Solutions’ 1st transaction in the United States.
  • This is Burton Mill Solutions’ 1st transaction in Oregon.

M&A Deal Summary

Date 2018-01-10
Target Simonds International
Sector Machinery
Buyer(s) Burton Mill Solutions
Sellers(s) Ironwood Partners
Nautic Partners
Deal Type Merger

Target

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.

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Buyer(S) 1

Buyer

Burton Mill Solutions

Woodland, Washington, United States

Category Company
Founded 1903
Sector Manufacturing
DESCRIPTION

Burton Mill Solutions is a manufacturer and distributor of consumable products and equipment to saw mills and wood product manufacturers. Burton Mill Solutions was established in 1903 and is based in Woodland, Washington.


DEAL STATS #
Overall 2 of 2
Sector: Machinery M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Oregon M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-03 Cut Technologies

Penticton, British Columbia, Canada

Cut Technologies, Inc. is a maker of rounds saws, band saws and saw tips.

Buy -

Seller(S) 2

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 4 of 8
Sector: Machinery M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Oregon M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 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.

Sell -
SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 38 of 47
Sector: Machinery M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Oregon M&A 1 of 1
Country: United States M&A 38 of 46
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-15 LDI Integrated Pharmacy Services

Creve Coeur, Missouri, United States

Leehar Distributors LLC is a full-service pharmacy benefit manager (PBM). LDI offers URAC–accredited mail-order and specialty pharmacies, a national network of retail pharmacies, and comprehensive clinical programs. Leehar Distributors LLC was established in 1967 and is based in Creve Coeur, Missouri.

Sell $595M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 UroGPO

Rocky River, Ohio, United States

UroGPO is a urology-specific group purchasing organization (GPO) in the U.S. UroGPO was founded in 2013 and is based in Rocky River, Ohio.

Buy -