M&A Deal Summary

Ellwood Group Acquires Gulf Coast Machine & Supply Co.

On June 10, 2017, Ellwood Group acquired manufacturer Gulf Coast Machine & Supply Co. from Altus Capital Partners

Acquisition Highlights
  • This is Ellwood Group’s 1st transaction in the Manufacturing sector.
  • This is Ellwood Group’s 1st transaction in the United States.
  • This is Ellwood Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-06-10
Target Gulf Coast Machine & Supply Co.
Sector Manufacturing
Buyer(s) Ellwood Group
Sellers(s) Altus Capital Partners
Deal Type Add-on Acquisition

Target

Gulf Coast Machine & Supply Co.

Beaumont, Texas, United States
Gulf Coast Machine & Supply Co. is a manufacturer of large forgings for use in the oil and gas, petrochemical, wind energy, and general industrial markets. Gulf Coast Machine & Supply was founded in 1919 and is based in Beaumont, Texas.

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Buyer(S) 1

Buyer

Ellwood Group

Ellwood City, Pennsylvania, United States

Category Company
Founded 1910
Sector Metals/Mining
DESCRIPTION

Ellwood Group, Inc. is a manufacturer of metals and custom-engineered components for critical applications. Ellwood Group was founded in 1910 and is based in Ellwood City, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Altus Capital Partners

Wilton, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 280M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Altus Capital Partners is a private equity firm focused on acquiring and investing in medium sized North American-based manufacturing companies. Altus looks for businesses with EBITDA of at least $4 million and valued between $25 and $100 million. Typical transaction types include buyouts, recapitalizations, and divestitures. Alta Capital Partners was formed in 2003 and is based in Wilton, Connecticut.


DEAL STATS #
Overall 11 of 14
Sector: Manufacturing M&A 2 of 3
Type: Add-on Acquisition M&A Deals 6 of 7
State: Texas M&A 1 of 1
Country: United States M&A 11 of 14
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Prism Plastics

Chesterfield, Michigan, United States

Prism Plastics, Inc. is a manufacturer of high-precision injection molded plastic components for the automotive, industrial and medical markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 MGC Diagnostics

Saint Paul, Minnesota, United States

MGC Diagnostics designs, develops, manufactures, and markets non-invasive cardiorespiratory diagnostic systems, accessories, and consumables for the detection, classification, and management of cardiorespiratory disease. MGC Diagnostics was founded in 1977 and is based in Saint Paul, Minnesota.

Buy $50M