M&A Deal Summary

Chandler Industries Acquires Premier Precision Group

On February 12, 2013, Chandler Industries acquired manufacturer Premier Precision Group from Spell Capital Partners

Acquisition Highlights
  • This is Chandler Industries’ 1st transaction in the Manufacturing sector.
  • This is Chandler Industries’ 3rd transaction in the United States.
  • This is Chandler Industries’ 3rd transaction in Minnesota.

M&A Deal Summary
Date 2013-02-12
Target Premier Precision Group
Sector Manufacturing
Buyer(s) Chandler Industries
Sellers(s) Spell Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Briggs and Morgan, P.A. (Legal)

Target

Premier Precision Group

Minneapolis, Minnesota, United States
Premier Precision Group LLC is a contract manufacturer of fabricated and complex precision machined components, as well as a processor for other precision machining providers.

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Buyer(S) 1

Buyer

Chandler Industries

Blaine, Minnesota, United States
Category Company
Founded 1962
Sector Machinery
DESCRIPTION

Chandler Industries is a manufacturer of precision-machined components, fabrications, complex assemblies and weldments for quality-minded. Chandler Industries was established in 1962 and is based in Blaine, Minnesota.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 3 of 3
Country (United States) 3 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Stremel Manufacturing

Minneapolis, Minnesota, United States

Stremel Manufacturing LLC is a provider of engineering, precision machining, sheet metal fabrication, and quality assurance services.

Buy -

Seller(S) 1

SELLER

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 8 of 35
Sector (Manufacturing) 4 of 8
Type (Add-on Acquisition) 5 of 20
State (Minnesota) 2 of 9
Country (United States) 8 of 35
Year (2013) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 American Card Services

St. Louis, Missouri, United States

American Card Services is a manufacturer of printed gift and loyalty cards for global retail merchant payment processors. American Card Services has developed a niche expertise in manufacturing and fulfilling short run gift card orders for retailers around the United States. American Card Services is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 Pacific Press Technologies

Mount Carmel, Illinois, United States

Pacific Press Technologies is a manufacturer of highly engineered, specialized plastic and metal forming equipment, as well as complementary tooling, parts, refurbishment, and repair and maintenance services. Pacific Press Technologies was founded in 1945 and is based in Mount Carmel, Illinois.

Sell -
Mergr

Product

Company

Legal