M&A Deal Summary

Heartland Equity Partners Acquires Ajax Metal Forming Solutions

On November 8, 2017, private equity firm Heartland Equity Partners acquired manufacturer Ajax Metal Forming Solutions

Acquisition Highlights
  • This is Heartland Equity Partners’ 2nd transaction in the Manufacturing sector.
  • This is Heartland Equity Partners’ 3rd transaction in the United States.
  • This is Heartland Equity Partners’ 3rd transaction in Minnesota.

M&A Deal Summary
Date 2017-11-08
Target Ajax Metal Forming Solutions
Sector Manufacturing
Buyer(s) Heartland Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Ajax Metal Forming Solutions

Minneapolis, Minnesota, United States
Ajax Metal Forming Solutions is a metal forming solutions provider for heavy equipment, durable goods, architectural/construction, and HVACR original equipment manufacturers. Ajax Metal Forming Solutions was established in 1982 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Heartland Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

Heartland Equity Partners is a private equity firm focused on lower middle-market opportunities in the upper Midwest US (Minnesota, Wisconsin, and Iowa). The Firm generally pursues profitable companies operating in defensible markets. The Firm's target revenue size is $5 to $30 million and prospective transaction situations include buyouts, recapitalizations, and divestitures. Sectors of interest include manufacturing, value-added distribution, and business services. Heartland Equity Partners is based in Brooklyn Center, Minnesota.

DEAL STATS #
Overall 3 of 5
Sector (Manufacturing) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (Minnesota) 3 of 4
Country (United States) 3 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Visual Impact

Blaine, Minnesota, United States

Visual Impact is a provider of large format and grand format digital graphics for advertising, promotional, and point of purchase applications. Visual Impact was founded in 1993 and is based in Blaine, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 Spectrum Aeromed

Fargo, North Dakota, United States

Spectrum Aeromed designs and manufactures fixed and rotor wing air ambulance medical interiors for hospital programs, multi-mission charters, private operators, and military branches around the world. The Company also provides customized VIP emergency medical interior suites for executive and heads of state aircraft. Spectrum Aeromed is based in Fargo, North Dakota.

Buy -
Mergr

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