Buyout (LBO, MBO, MBI) • Metals/Mining

Elyton Capital and Druid Capital Partners Acquire Franklin Iron Works

On March 2, 2022, private equity firms Elyton Capital and Druid Capital Partners acquired metals/mining company Franklin Iron Works

Acquisition Context
  • This is Elyton Capital’s 1st and Druid Capital Partners’ 1st transaction in the Metals/Mining sector.
  • This is Elyton Capital’s 1st and Druid Capital Partners’ 3rd transaction in the United States.
  • This is Elyton Capital’s 1st and Druid Capital Partners’ 2nd transaction in Alabama.

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M&A Deal Summary

Date March 2, 2022
Target Franklin Iron Works
Sector Metals/Mining
Buyer(s) Elyton Capital
Druid Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Franklin Iron Works

Thorsby, Alabama, United States
Franklin Iron Works is a manufacturer of small, high-quality, ductile iron castings used across many industries including utilities, agriculture, heavy trucking, piping, valves, tooling, and construction. Franklin Iron Works was formed in 1975 and is based in Thorsby, Alabama.
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Buyers Overview 2

DESCRIPTION

Elyton Capital is a private investment firm focused on acquiring lower middle-market companies headquartered in the Southeastern US. The Firm seeks profitable businesses with $1 to $10 million of EBITDA and up to $100 million of revenue. Sectors of interest include healthcare IT, value-added distribution, niche manufacturing, tech-enabled services, and software. Elyton Capital was formed in 2018 and is based in Birmingham, Alabama.


Deal Context for Buyer #
Overall 1 of 1
Sector: Metals/Mining 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 1
State: Alabama 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1
DESCRIPTION

Druid Capital Partners is a private investment firm focused on specialty manufacturing, distribution, and industrial services companies operating in the Southeastern US. Druid Capital is headquartered in Northport, Alabama.


Deal Context for Buyer #
Overall 3 of 3
Sector: Metals/Mining 1 of 1
Type: Buyout (LBO, MBO, MBI) 3 of 3
State: Alabama 2 of 2
Country: United States 3 of 3
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Thermex-Thermatron

Louisville, Kentucky, United States

Thermex-Thermatron is a designer and manufacturer of high power RF and microwave heating equipment. Thermex-Thermatron was founded in 1939 and is based in Louisville, Kentucky.

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