M&A Deal Summary

CPP Acquires Selmet

On July 5, 2018, CPP acquired manufacturer Selmet from Blue Point Capital Partners and Bratenahl Capital Partners

Acquisition Highlights
  • This is CPP’s 1st transaction in the Manufacturing sector.
  • This is CPP’s 3rd transaction in the United States.
  • This is CPP’s 1st transaction in Oregon.

M&A Deal Summary

Date 2018-07-05
Target Selmet
Sector Manufacturing
Buyer(s) CPP
Sellers(s) Blue Point Capital Partners
Bratenahl Capital Partners
Deal Type Add-on Acquisition

Target

Selmet

Albany, Oregon, United States
Selmet, Inc. is a manufacturer of complex titanium investment castings for the aerospace and defense industries. Selmet possesses unique capabilities to process titanium and features a product offering that includes engine, airframe and other aircraft and military components. Selmet was founded in 1983 and is based in Albany, Oregon.

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Buyer(S) 1

Buyer

CPP

Cleveland, Ohio, United States

Category Company
Founded 1991
Sector Aerospace
DESCRIPTION

CPP is an aerospace casting manufacturer and offers both sand and investment casting capabilities. The company specializes in producing complex, mission-critical components for a variety of leading commercial and military aircraft and regional/business jets, as well as industrial gas turbines. CPP was founded in 1991 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 3 of 4
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oregon) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-07 Turbine Technologies

Chetek, Wisconsin, United States

Turbine Technologies is a United States manufacturer of premier educational laboratory equipment. Our products offer engineering students unique learning opportunities via the manipulation and observation of thermal fluid systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 Allegheny Technologies - Titanium Investment Castings Business

Pittsburgh, Pennsylvania, United States

Allegheny Technologies, Inc. - Titanium Investment Castings Business produces titanium investment castings that are primarily used by aerospace & defense OEMs in the production of commercial jet airframes and engines. The ATI Cast Products business unit is part of the High-Performance Materials & Components (HPMC) segment.

Buy -

Seller(S) 2

SELLER

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $7 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.


DEAL STATS #
Overall 26 of 36
Sector (Manufacturing) 4 of 5
Type (Add-on Acquisition) 8 of 10
State (Oregon) 1 of 1
Country (United States) 24 of 33
Year (2018) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 Spector

Saint-Laurent, Quebec, Canada

Spector is a supplier of writing instruments, journals and other business gifts to the North American promotional products industry. Spector provides customized, branded products to a vast set of leading advertisers and brands, primarily through promotional product distributors who order Spector’s products for items such as gifts, new employee and customer appreciation packages and event handouts. Spector was founded in 1950 and is based in Saint-Laurent, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Alco

Elyria, Ohio, United States

Alco is a manufacturer of precision machined products, including hydraulic hose fittings, air conditioning, and refrigeration couplings, tube fittings, adapters, quick disconnect couplings, and other fluid power components. Alco was founded in 1971 and is based in Elyria, Ohio.

Sell -
DESCRIPTION

Bratenahl Capital Partners is a family-backed private investment group focused on fund as well as direct/co-investment opportunities. The Firm's direct investment practice seeks to commit $500K to $15 million in partnership with other funded or unfunded sponsors. Bratenahl does not have any sector preferences, but does prefer companies with diversified customers and experienced management in place. Bratenahl Capital Partners was formed in 2003 and is headquartered in Cleveland, Ohio.


DEAL STATS #
Overall 18 of 27
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 10 of 13
State (Oregon) 1 of 1
Country (United States) 14 of 23
Year (2018) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Hyperwallet Systems

San Francisco, California, United States

Hyperwallet Systems, Inc. is a provider of online and mobile payment, international payments, card products and financial technology solutions to world-class customers in Canada, the U.S. and internationally. Hyperwallet Systems is based in San Francisco, California.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-07 Capewell Aerial Systems

South Windsor, Connecticut, United States

Capewell Aerial Systems is a design and manufactures tactical, parachute and aerial delivery products. Capewell Aerial Systems was founded in 1881 and is based in South Windsor, Connecticut.

Sell -