M&A Deal Summary

Keel Acquires Merrill

On January 25, 2024, Keel acquired manufacturer Merrill

Acquisition Highlights
  • This is Keel’s 1st transaction in the Manufacturing sector.
  • This is Keel’s 3rd transaction in the United States.
  • This is Keel’s 1st transaction in Michigan.

M&A Deal Summary
Date 2024-01-25
Target Merrill
Sector Manufacturing
Buyer(s) Keel
Deal Type Merger
Advisor(s) Charter Capital Partners (Financial)
Butzel Long (Legal)

Target

Merrill

Saginaw, Michigan, United States
Merrill is a manufacturer of large metal parts and structures, providing design, engineering, machining, fabrication, and integration solutions for defense, aerospace, and industrial markets. Merrill was founded in 1968 and is based in Saginaw, Michigan.

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Buyer(S) 1

Buyer

Keel

Ladson, South Carolina, United States
Category Company
Sector Manufacturing
DESCRIPTION

Keel is a manufacturer of complex structures for the highest priority programs within the Navy, Army, and Air Force. Keel is based in Ladson, South Carolina.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Merger) 3 of 3
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 Metal Trades

Yonges Island, South Carolina, United States

Metal Trades offers an in-house steel processing center, multiple indoor fabrication buildings with overhead crane systems and heavy lift equipment, dedicated indoor blast and painting facilities, and an onsite machine shop. Metal Trades offers highly competitive labor rates and extensive solutions for customer’s needs. Metal Trades was founded in 1962 and is based in Yonges Island, South Carolina.

Buy -
Mergr

Product

Company

Legal