M&A Deal Summary

Kissner Milling Acquires NSC Minerals

On January 17, 2019, Kissner Milling acquired chemicals company NSC Minerals from ORIX Private Equity Solutions and Altas Partners

Acquisition Highlights
  • This is Kissner Milling’s 2nd transaction in the Chemicals sector.
  • This is Kissner Milling’s 1st transaction in Canada.
  • This is Kissner Milling’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2019-01-17
Target NSC Minerals
Sector Chemicals
Buyer(s) Kissner Milling
Sellers(s) ORIX Private Equity Solutions
Altas Partners
Deal Type Add-on Acquisition

Target

NSC Minerals

Saskatoon, Saskatchewan, Canada
NSC Minerals, Inc. is a provider of salt for highway de-icing, industrial and agricultural applications, serving municipal, provincial and state governments. NSC Minerals was founded in 1988 and is based in Saskatoon, Saskatchewan.

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Buyer(S) 1

Buyer

Kissner Milling

Cambridge, Ontario, Canada
Category Company
Founded 1878
Sector Chemicals
DESCRIPTION

Kissner Milling Co., Ltd. is a producer and distributor of bulk rock salt and packaged specialty deicing products across North America. Kissner was formed in 1878 and is based in Detroit, Michigan.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 US Salt

Kansas City, Montana, United States

US Salt LLC utilizes solution mining to create salt brine from underground deposits lying 2,000 to 2,800 feet beneath the surface. The brine is mechanically evaporated to create evaporated salt, which is nearly 100 percent pure sodium chloride. US Salt’s customers include retailers, distributors and end-users in the consumer food, food processing, water conditioning, pharmaceutical, industrial and agricultural industries.

Buy $225M

Seller(S) 2

SELLER

ORIX Private Equity Solutions

Investor

Category Mezzanine Finance Firm
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.

DEAL STATS #
Overall 6 of 21
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 5 of 12
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 FSC Lighting

Rancho Cucamonga, California, United States

FSC Lighting is an energy-efficient lighting manufacturer for industrial, commercial, and retail clients across the country. FSC provides lighting solution resulting in substantial cost savings and improving the visual appeal of merchandise to give an exceptionally improved shopper experience. FSC Lighting was founded in 1969 and is based in Rancho Cucamonga, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Giftcraft

Brampton, Ontario, Canada

Giftcraft engages in design, manufacturing, and distribution of Lifestyle, Fashion, Decor, Giftware, Health, Wellness, and Gourmet products. Giftcraft has been synonymous with quality, trendsetting designs, and best-in-class sales and service across North America. Giftcraft is based in Brampton, Ontario.

Buy -
SELLER

Altas Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 10.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Partners LP is a Canadian private equity firm focused on acquiring controlling stakes in 'high-quality, market-leading' businesses. Atlas Partners does not have any sector preferences and generally pursues companies with strong management, stable cash-flows, and minimal risk of disintermediation. The Firm's target investment size is $100 to $500 million. Atlas Partners LP was formed in 2012 and is based in Toronto.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Tecta America

Rosemont, Illinois, United States

Tecta America is a provider of commercial roofing services offering installation, replacement, and repair services. It services both local and national accounts across a spectrum of industries and end-markets including industrial, retail / office, non-government institutional, government, multi-family and other. Tecta America was founded in 2000 and is based in Rosemont, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 University of St. Augustine for Health Sciences

San Marcos, California, United States

University of St. Augustine for Health Sciences is a graduate health sciences academic institution. USAHS currently educates its students through its network of campuses in San Marcos, California; St. Augustine, Florida; Austin, Texas; and Miami, Florida, and through its online programs. University of St. Augustine for Health Sciences was founded in 1979 and is based in San Marcos, California.

Buy -
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