M&A Deal Summary

Ferrous Processing & Trading Acquires Zalev Metals

On July 31, 1998, Ferrous Processing & Trading acquired metals/mining company Zalev Metals from CAI Capital Partners

Acquisition Highlights
  • This is Ferrous Processing & Trading’s 1st transaction in the Metals/Mining sector.
  • This is Ferrous Processing & Trading’s 1st transaction in Canada.
  • This is Ferrous Processing & Trading’s 1st transaction in Ontario.

M&A Deal Summary

Date 1998-07-31
Target Zalev Metals
Sector Metals/Mining
Buyer(s) Ferrous Processing & Trading
Sellers(s) CAI Capital Partners
Deal Type Add-on Acquisition

Target

Zalev Metals

Windsor, Ontario, Canada
Based in Windsor, Ontario, and established in 1914 as a family-owned and operated business, Zalev Metals collects, processes and supplies recycled ferrous and non-ferrous metals for the North American steel and automotive industries. In 1996, when CAI encountered Zalev, it was Canada's second largest metals recycler and was still family-owned and operated.

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Buyer(S) 1

Buyer

Ferrous Processing & Trading

Detroit, Michigan, United States

Category Company
Founded 1904
Sector Environmental
DESCRIPTION

Ferrous Processing & Trading is a processor and distributor of prime ferrous scrap in the United States, representing approximately 15% of the domestic merchant prime scrap market. FPT currently processes approximately three million tons of scrap per year, approximately half of which is prime grade. It operates 22 scrap processing facilities, with approximately 90% of revenues originating from its Midwest locations, primarily in Michigan and Ohio. Ferrous Processing & Trading was formed in 1904 and is based in Detroit, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 1998 M&A 1 of 1

Seller(S) 1

SELLER

CAI Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

CAI Capital Partners is a private equity firm that targets lower middle-market, profitable companies with $3 million or more of EBITDA. CAI Capital Partners has a special interest in founder-led business services or specialty manufacturing companies. CAI Capital Partners was formed in 1989 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 3 of 22
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 14
State: Ontario M&A 2 of 6
Country: Canada M&A 3 of 11
Year: 1998 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-23 Aster-Cephac SA

Paris, France

Aster-Cephac, based in Paris, France, was a contract research organization specializing in providing clinical pharmacology and bioanalytical services to the international pharmaceutical, biotechnology and medical device industries. Aster-Cephac enabled its clients to maximize the profitability of products during the period of exclusivity by offering high-quality, value-added services designed to reduce drug development time.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Vantor

Westminster, Colorado, United States

Vantor is a global communications and information company providing operational solutions to commercial and government organizations worldwide. Vantor business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development. Vantor was founded in 1969 and is based in Westminster, Colorado.

Buy -