M&A Deal Summary

H.I.G. Private Equity Acquires Transtar Metals

On December 31, 2002, private equity firm H.I.G. Private Equity acquired distribution company Transtar Metals

Acquisition Highlights
  • This is H.I.G. Private Equity’s 1st transaction in the Distribution sector.
  • This is H.I.G. Private Equity’s 16th transaction in the United States.
  • This is H.I.G. Private Equity’s 1st transaction in Illinois.
Investment Fate
  • Transtar Metals was sold to a publicly-traded strategic buyer in 2006 for 180M USD.

M&A Deal Summary

Date 2002-12-31
Target Transtar Metals
Sector Distribution
Buyer(s) H.I.G. Private Equity
Deal Type Recapitalization

Target

Transtar Metals

Franklin Park, Illinois, United States
Transtar Metals is a distributor of high performance metals serving the global aerospace and defense industries. Transtar Metals was formed in 1998 and is based in Franklin Park, Illinois.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 16 of 383
Sector: Distribution M&A 1 of 13
Type: Recapitalization M&A Deals 2 of 25
State: Illinois M&A 1 of 18
Country: United States M&A 16 of 249
Year: 2002 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-01 Potpourri Group

North Billerica, Massachusetts, United States

Potpourri Group is a home/gift and knitting craft cataloger marketed under the titles of Potpourri, Expressions, The Stitchery, Counted Cross Stitch, and Back in the Saddle, Inc. Potpourri Group was formed in 1963 and is based in North Billerica, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-03 TestAmerica Environmental Services

North Canton, Ohio, United States

TestAmerica Environmental Services LLC is the largest provider of outsourced laboratory testing services in several of the most attractive niche segments within the $10 billion non-clinical outsourced laboratory testing services market. Company headquartered in Asheville, North Carolina.

Buy -