M&A Deal Summary

Koch Equity Development and American Securities Acquire CPM

On January 23, 2024, private equity firms Koch Equity Development and American Securities acquired manufacturer CPM from American Securities

Acquisition Highlights
  • This is Koch Equity Development’s 1st and American Securities’ 8th transaction in the Manufacturing sector.
  • This is Koch Equity Development’s 1st and American Securities’ 77th transaction in the United States.
  • This is Koch Equity Development’s 1st and American Securities’ 4th transaction in Minnesota.

M&A Deal Summary

Date 2024-01-23
Target CPM
Sector Manufacturing
Buyer(s) Koch Equity Development
American Securities
Sellers(s) American Securities
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)

Target

CPM

Blaine, Minnesota, United States
CPM designs, engineers, and manufactures a broad variety of branded pellet mills, oilseed processing equipment, twin screw extruders, and industrial-scale thermal processing equipment. The Company serves a global base of over 5,000 customers annually from facilities in Europe, Asia, Latin America, and North America. It produces premier process equipment and engineered systems that provide customers with a superior level of operating efficiency, durability, and reliability, maximizing process performance and machine uptime. CPM was founded in 1883 and is based in Blaine, Minnesota.

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Buyer(S) 2

DESCRIPTION


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-16 iconectiv

Bridgewater, New Jersey, United States

iconectiv is a provider of IT solutions that enable operators to interconnect networks. iconectiv’s market-leading solutions enable the interconnection of networks, devices, and applications for more than two billion people every day. Working closely with private, government and non-governmental organizations, iconectiv has intimate knowledge of the intricacies and complexities of creating, operating and securing the telecommunications infrastructure for service providers, governments and enterprises.

Buy $1.0B
Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.


DEAL STATS #
Overall 78 of 80
Sector (Manufacturing) 8 of 8
Type (Secondary Buyout) 35 of 37
State (Minnesota) 4 of 4
Country (United States) 77 of 79
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Air Methods

Greenwood Village, Colorado, United States

Air Methods is a provider of air medical emergency transport services and systems throughout the US. The Company's Air Medical Services (AMS) Division provides air medical transportation services to the general population as an independent service and to hospitals and other institutions under exclusive operating agreements. Air Methods was formed in 1980 and is based in Greenwood Village, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Foundation Building Materials

Santa Ana, California, United States

Foundation Building Materials is a specialty building products distributor of gypsum wallboard, suspended ceiling systems, metal framing, insulation, and complementary products throughout North America. Foundation Building Materials was founded in 2011 and is based in Santa Ana, California.

Sell -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.


DEAL STATS #
Overall 49 of 51
Sector (Manufacturing) 6 of 6
Type (Secondary Buyout) 19 of 20
State (Minnesota) 3 of 3
Country (United States) 48 of 50
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Air Methods

Greenwood Village, Colorado, United States

Air Methods is a provider of air medical emergency transport services and systems throughout the US. The Company's Air Medical Services (AMS) Division provides air medical transportation services to the general population as an independent service and to hospitals and other institutions under exclusive operating agreements. Air Methods was formed in 1980 and is based in Greenwood Village, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Foundation Building Materials

Santa Ana, California, United States

Foundation Building Materials is a specialty building products distributor of gypsum wallboard, suspended ceiling systems, metal framing, insulation, and complementary products throughout North America. Foundation Building Materials was founded in 2011 and is based in Santa Ana, California.

Sell -