M&A Deal Summary

CounterPoint Capital Partners and Carlin Capital Partners Acquire Rex Forge

On April 29, 2016, distressed investor CounterPoint Capital Partners and private equity firm Carlin Capital Partners acquired metals/mining company Rex Forge

Acquisition Highlights
  • This is CounterPoint Capital Partners’ 1st and Carlin Capital Partners’ 1st transaction in the Metals/Mining sector.
  • This is CounterPoint Capital Partners’ 6th and Carlin Capital Partners’ 2nd transaction in the United States.
  • This is CounterPoint Capital Partners’ 1st and Carlin Capital Partners’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2016-04-29
Target Rex Forge
Sector Metals/Mining
Buyer(s) CounterPoint Capital Partners
Carlin Capital Partners
Deal Type Recapitalization
Advisor(s) Sperry, Mitchell & Co., Inc. (Financial)

Target

Rex Forge

Plantsville, Connecticut, United States
Rex Forge is a manufacturer and supplier of hot steel forgings. It serves Heavy Truck and Off Highway Vehicle, Light Truck & Automotive, Fluid Control and Ordnance industries. Rex Forge was founded in 1867 and is based in Plantsville, Connecticut.

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Buyer(S) 2

DESCRIPTION

CounterPoint Capital Partners is an investor in companies facing operational or financial transitions. CounterPoint is a 'hands on' investment group that works alongside management in transitioning businesses with operational or financial challenges. The Firm targets North American companies with $20 to $200 million in sales and up to $25 million in EBITDA. Sectors of interest include niche manufacturing, value-added distribution, industrial, business services, logistics, IT, software, telecom, and construction. CounterPoint Capital Partners was formed in 2010 and is based in Los Angeles.


DEAL STATS #
Overall 6 of 7
Sector (Metals/Mining) 1 of 1
Type (Recapitalization) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 6 of 7
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 American Wood Dryers

Clackamas, Oregon, United States

American Wood Dryers is a designer and manufacturer of aluminum wood-drying kilns. American Wood Dryers offers dry kilns, track loaded kilns, and package loaded kilns to forest and lumber industry, etc. American Wood Dryers is based in Clackamas, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-11 POP Displays

Yonkers, New York, United States

POP Displays is an integrated manufacturer of point-of-purchase displays focused primarily on permanent displays in cosmetics and electronics for mass channel retailers. POP designs and manufactures plastic molded cosmetics wall units, category management solutions, counter units, floor stands, kiosks, testers, and window displays and is involved in all phases of product design, production, and distribution. POP Displays was founded in 1953 and is based in Yonkers, New York.

Buy -
Buyer

Carlin Capital Partners

Encino, California, United States

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Carlin Capital Partner is a private investment firm focused on acquiring or making control investments in North American businesses with up to $100 million in revenues. Carlin looks for businesses with strong, stable customer relationships with room to grow and improve profitability. Target companies generally have up to $5 million in EBITDA. Areas of interest include service providers, media/publishing/tradeshows, niche manufacturing, distribution, and enterprise software. Prospective transaction situations include owners looking to retire, recapitalizations, non-core divestitures, and take privates. Carlin will not invest in businesses in the retail, consumer products, energy exploration and production, or biotechnology industries. Carlin is based in Encino, California.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Recapitalization) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-18 Consolidated Laundry Machinery

Pomona, California, United States

Consolidated Laundry Machinery is a manufacturer of industrial-grade dryers and related finishing equipment, primarily serving the textile services industry. Consolidated Laundry Machinery was founded in 1962 and is based in Pomona, California.

Buy -