Add-on Acquisition • Manufacturing

Con Forms Acquires Tricon

On July 24, 2023, Con Forms acquired manufacturer Tricon from Madison Industries

Acquisition Context
  • This is Con Forms’ 1st transaction in the Manufacturing sector.
  • This is Con Forms’ 1st transaction in the United States.
  • This is Con Forms’ 1st transaction in Alabama.

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M&A Deal Summary

Date July 24, 2023
Target Tricon
Sector Manufacturing
Buyer(s) Con Forms
Sellers(s) Madison Industries
Deal Type Add-on Acquisition

Target Company

Tricon

Irondale, Alabama, United States
Tricon is a provider of abrasion-resistant steel products and expertise to the power, mining, quarrying, construction, timber, paper, and allied industries. Tricon was formed in 1968 and is based in Irondale, Alabama.
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Buyer Overview 1

Buyer

Con Forms

Port Washington, Wisconsin, United States

Category Company
Founded 1969
Sector Building Materials
DESCRIPTION

Con Forms is a manufacturer of engineered, abrasion-resistant piping systems and accessories for concrete, mining, power generation, and other industrial applications. Construction Forms was founded in 1969 and is based in Port Washington, Wisconsin.


Deal Context for Buyer #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 1 of 1
State: Alabama 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Madison Industries

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
Size Large
Type Sector Focused
DESCRIPTION

Madison Industries is a privately held investment holding firm that targets growth investments in and acquisitions of industrial manufacturing companies. Madison prefers businesses with a defensible market niche, established technology, and significant cash-flow growth potential. Madison will also consider turnaround situations. Target opportunities generally have sales between $50 million and $2 billion. Madison Industries is based in Chicago, Illinois.


Deal Context for Seller #
Overall 18 of 20
Sector: Manufacturing 1 of 2
Type: Add-on Acquisition 8 of 10
State: Alabama 1 of 1
Country: United States 17 of 19
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Streck

La Vista, Nebraska, United States

Streck is an industry leader in the development and manufacturing of laboratory products that clinical laboratories use to ensure their instruments are accurately reporting patient results. In fact, Streck invented the first hematology reference controls and has developed many more firsts for the clinical laboratory. Streck was founded in 1971 and is based in La Vista, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Elevate Healthcare

Sarasota, Florida, United States

Elevate Healthcare is a medical simulation company with a mission to improve healthcare education and patient safety. It designs and builds products for patient simulation, surgical simulation, ultrasound simulation, and clinical simulation management. Elevate Healthcare was founded in 2009 and is based in Sarasota, Florida.

Buy -