M&A Deal Summary

Ideal Industries Acquires Western Forge

On January 31, 2010, Ideal Industries acquired metals/mining company Western Forge from Comvest Partners for 40M USD

Acquisition Highlights
  • This is Ideal Industries’ 1st transaction in the Metals/Mining sector.
  • This is Ideal Industries’ largest (disclosed) transaction.
  • This is Ideal Industries’ 1st transaction in the United States.
  • This is Ideal Industries’ 1st transaction in Colorado.

M&A Deal Summary
Date 2010-01-31
Target Western Forge
Sector Metals/Mining
Buyer(s) Ideal Industries
Sellers(s) Comvest Partners
Deal Type Divestiture
Deal Value 40M USD

Target

Western Forge

Colorado Springs, Colorado, United States
Western Forge Corp. manufactures high precision aluminum extrusions and machined/fabricated components.

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Buyer(S) 1

Buyer

Ideal Industries

Sycamore, Illinois, United States
Category Company
Founded 1916
Sector Manufacturing
DESCRIPTION

Ideal Industries is a global supplier of connectors, testers, tools and supplies.

DEAL STATS #
Overall 1 of 4
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 3
Year (2010) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-23 SK Hand Tool

Sycamore, Illinois, United States

SK Hand Tools produces sockets, ratchets, hammers, and wrenches.

Buy -

Seller(S) 1

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.

DEAL STATS #
Overall 5 of 40
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 2 of 6
State (Colorado) 1 of 3
Country (United States) 5 of 40
Year (2010) 1 of 5
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Convey

Fort Lauderdale, Florida, United States

Convey is a specialized healthcare technology and business process outsourcing firm that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics. Convey was founded in 2003 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-09 Deep Marine Technology

Houston, Texas, United States

Deep Marine Technology, Inc. Provides subsea services for the offshore oil and gas industry.

Sell -
Mergr

Product

Company

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