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  6. ERP Iron Ore Acquires Magnetation - Contract Assets

M&A Deal Summary

ERP Iron Ore Acquires Magnetation - Contract Assets

On December 7, 2016, ERP Iron Ore acquired business services company Magnetation - Contract Assets from Magnetation

Acquisition Highlights
  • This is ERP Iron Ore’s 1st transaction in the Business Services sector.
  • This is ERP Iron Ore’s 1st transaction in the United States.
  • This is ERP Iron Ore’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2016-12-07
Target Magnetation - Contract Assets
Sector Business Services
Buyer(s) ERP Iron Ore
Sellers(s) Magnetation
Deal Type Divestiture

Target

Magnetation - Contract Assets

Grand Rapids, Minnesota, United States
Magnetation LLC - Contract Assets includes executory contracts and leases in connection.

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Buyer(S) 1

Buyer

ERP Iron Ore

Keewatin, Minnesota, United States
Category Company
Sector Metals/Mining
DESCRIPTION

ERP Iron Ore LLC is a provider of iron ore waste stockpiles and tailings basins in Itasca County of Minnesota.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Magnetation

Grand Rapids, Minnesota, United States
Category Company
Sector Metals/Mining
DESCRIPTION

Magnetation LLC is a natural resources and iron ore mining company.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
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