M&A Deal Summary

Ironform Acquires Detroit Tool Metal Products

On June 28, 2013, Ironform acquired metals/mining company Detroit Tool Metal Products from Capital For Business

Acquisition Highlights
  • This is Ironform’s 1st transaction in the Metals/Mining sector.
  • This is Ironform’s 1st transaction in the United States.
  • This is Ironform’s 1st transaction in Missouri.

M&A Deal Summary

Date 2013-06-28
Target Detroit Tool Metal Products
Sector Metals/Mining
Buyer(s) Ironform
Sellers(s) Capital For Business
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Detroit Tool Metal Products

Lebanon, Missouri, United States
Detroit Tool Metal Products Co. is a manufacturer of precision metal stampings and fabricated components for a broad range of industries and applications. DTMP serves a diversified group of industries including, but not limited to, agriculture, appliance, heavy truck, medium truck, lawn, and garden.

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Buyer(S) 1

Buyer

Ironform

Chicago, Illinois, United States

Category Company
Founded 2013
Sector Automotive
DESCRIPTION

Ironform is a provider of the truck body and chassis components, primarily to heavy- and medium-duty truck manufacturers, including bus manufacturers. Imperial fabricates a broad line of truck body and chassis parts, including bumpers, battery and tool boxes, crown assemblies, bus component, and chassis assemblies, fuel tanks, roofs, fenders, and cross members. Ironform was founded in 2013 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-14 Imperial Group Manufacturing

Decatur, Texas, United States

Imperial Group Manufacturing, Inc. is a supplier of the truck body and chassis components, primarily to heavy- and medium-duty truck manufacturers, including bus manufacturers. Imperial fabricates a broad line of truck body and chassis parts, including bumpers, battery and tool boxes, crown assemblies, bus component, and chassis assemblies, fuel tanks, roofs, fenders, and cross members.

Buy -

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 150M 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 $8 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 4 of 19
Sector (Metals/Mining) 1 of 2
Type (Add-on Acquisition) 2 of 8
State (Missouri) 1 of 3
Country (United States) 4 of 19
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-17 Allegiant Manufacturing

Gallatin, Tennessee, United States

Allegiant Manufacturing is a manufacturing company that builds metal dies, performs stamping and machining on metal products, and has assembly capabilities. The company collaborates with its customers on continuous product improvements. Parts manufactured are subsequently integrated into a finished product by its customers. Allegiant Manufacturing was founded in 1951 and is based in Gallatin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 Behrens Manufacturing

Winona, Minnesota, United States

Behrens Manufacturing is a manufacturer and distributor of galvanized and metalware products that are sold primarily in home improvement, automotive, and hardware stores. Products produced by the company include a variety of galvanized steel products such as pails, garbage cans, utility tubs, planters, and funnels as well as other products for the promotional and advertising premium markets. Behrens Manufacturing was founded in 1911 and is based in Winona, Minnesota.

Sell $18M