M&A Deal Summary

H3 Acquires Hi-Grade Welding & Mfg

On June 24, 2019, H3 acquired manufacturer Hi-Grade Welding & Mfg from Capital For Business

Acquisition Highlights
  • This is H3’s 2nd transaction in the Manufacturing sector.
  • This is H3’s 2nd transaction in the United States.
  • This is H3’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2019-06-24
Target Hi-Grade Welding & Mfg
Sector Manufacturing
Buyer(s) H3
Sellers(s) Capital For Business
Deal Type Merger

Target

Hi-Grade Welding & Mfg

Schaumburg, Illinois, United States
Hi-Grade Welding and Manufacturing LLC is a manufacturer of customized high-quality sub-assemblies used in an original equipment manufacturer ('OEMs') final product. The company's manufacturing operations include precision CNC machining, sheet metal fabrication, MIG/tig welding, as well as final assembly for various OEMs. Hi-Grade specializes in short-run projects with limited lead times and production runs that vary from 1 to 10,000 units per project. Hi-Grade Welding & Mfg was founded in 1969 and is based in Schaumburg, Illinois.

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Buyer(S) 1

Buyer

H3

Champaign, Illinois, United States

Category Company
Founded 2019
Sector Manufacturing
DESCRIPTION

H3 is a manufacturer specializing in complex, custom weldments and sheet metal fabrication serving the medical, power, and transportation industries. H3 is comprised of Hi-Grade Welding and Manufacturing and HL Precision Manufacturing. H3 was founded in 2019 and is based in Champaign, Illinois.


DEAL STATS #
Overall 2 of 3
Sector: Manufacturing M&A 2 of 3
Type: Merger M&A Deals 2 of 2
State: Illinois M&A 2 of 2
Country: United States M&A 2 of 3
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 HL Precision Manufacturing

Champaign, Illinois, United States

HL Precision Manufacturing LLC is a manufacturer of precision CNC machining, sheet metals, certified welding, advanced assembly and finishing of parts, weldments, and assemblies. HL Precision Manufacturing was founded in 1984 and is based in Champaign, Illinois.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-24 RFR Metal Fabrication

Oxford, North Carolina, United States

RFR Metal Fabrication is a precision metal fabrication company specializing in custom manufacturing solutions through offering: laser cutting, CNC machining, sheet metal fabrication, MIG/TIG & robotic welding, powder coating, and automated busbar fabrication. RFR Metal Fabrication is based in Oxford, North Carolina.

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Seller(S) 1

SELLER

Capital For Business

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1959
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Capital for Business (CFB) is a private investment firm focused on providing junior capital to growing lower middle-market companies with at least $10 to $100 million in sales. CFB targets businesses serving niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. Funds are typically used to support management buyouts, leveraged buyouts, recapitalizations, corporate divestitures, growth financings, and going-private transactions. CFB will not invest in start-ups, turnarounds, unproven technologies, biotech, real estate, and financial institutions. Capital for Business was founded in 1959 and is headquartered in St. Louis, Missouri.


DEAL STATS #
Overall 12 of 23
Sector: Manufacturing M&A 5 of 8
Type: Merger M&A Deals 1 of 1
State: Illinois M&A 1 of 2
Country: United States M&A 12 of 23
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 H3

Champaign, Illinois, United States

H3 is a manufacturer specializing in complex, custom weldments and sheet metal fabrication serving the medical, power, and transportation industries. H3 is comprised of Hi-Grade Welding and Manufacturing and HL Precision Manufacturing. H3 was founded in 2019 and is based in Champaign, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Entegra

Saint Charles, Illinois, United States

Entegra is a holding company for manufacturers of highly unique static, hydraulic, and electric work tool attachments for light & heavy mobile equipment and stationary work platforms. Entegra is based in Saint Charles, Illinois.

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