M&A Deal Summary

Koch Equity Development and American Securities Acquire CPM

On January 23, 2024, corporate investor Koch Equity Development and private equity firm 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

Koch Equity Development is the principal investment arm of conglomerate Koch. The Firm looks to deploy long-term, flexible capital across sectors that enhance Koch’s core capabilities and expand into new platforms. The Firm orchestrates strategic control or co-control investments in industries that include communications, software, energy, industrials, and real estate. Koch Equity Development is based in Wichita, Kansas.


DEAL STATS #
Overall 2 of 4
Sector: Manufacturing M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-11 Flint Group

Ahaus-Ottenstein, Germany

Flint Group is a supplier of diversified consumable graphic arts products to the global printing, converting, and colorants industry. Inks include packaging inks, heatset inks (used primarily for printing glossy magazines), coldset inks (both colour and black newspaper ink), sheet-fed inks (short-run commercial applications) and publication gravure inks (high-run printed media). Flint Group is based in Ahaus-Ottenstein, Germany.

Buy €2.2B
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. iconectiv is based in Bridgewater, New Jersey.

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 23.0B 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 with $50 to $200 million of EBITDA and valued up to $2 billion. 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, New York.


DEAL STATS #
Overall 78 of 81
Sector: Manufacturing M&A 8 of 8
Type: Secondary Buyout M&A Deals 35 of 37
State: Minnesota M&A 4 of 4
Country: United States M&A 77 of 80
Year: 2024 M&A 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 23.0B 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 with $50 to $200 million of EBITDA and valued up to $2 billion. 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, New York.


DEAL STATS #
Overall 49 of 53
Sector: Manufacturing M&A 6 of 6
Type: Secondary Buyout M&A Deals 19 of 21
State: Minnesota M&A 3 of 3
Country: United States M&A 48 of 52
Year: 2024 M&A 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 -