M&A Deal Summary

KPS Capital Partners Acquires Hussey Copper

On December 23, 2020, private equity firm KPS Capital Partners acquired metals/mining company Hussey Copper from Patriarch Partners

Acquisition Highlights
  • This is KPS Capital Partners’ 3rd transaction in the Metals/Mining sector.
  • This is KPS Capital Partners’ 35th transaction in the United States.
  • This is KPS Capital Partners’ 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2020-12-23
Target Hussey Copper
Sector Metals/Mining
Buyer(s) KPS Capital Partners
Sellers(s) Patriarch Partners
Deal Type Secondary Buyout
Advisor(s) Lazard Ltd. (Financial)
Latham & Watkins (Legal)

Target

Hussey Copper

Leetsdale, Pennsylvania, United States
Hussey Copper is a manufacturer of copper bus bars and other copper products in the United States. With a fully integrated mill, the company provides a wide range of flat-rolled copper products for the electrical distribution, industrial and residential construction markets. Through its locations in Leetsdale, PA, and Eminence, KY, Hussey is vertically integrated to capitalize on the trend towards outsourced fabrication. As a fully integrated producer, Hussey manufactures its products by melting and casting its copper to provide the finished product or component part. Hussey produces a wide range of copper and, to a lesser extent, copper-nickel products. Hussey Copper was founded in 1848 and is based in Leetsdale, Pennsylvania.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 41 of 55
Sector (Metals/Mining) 3 of 4
Type (Secondary Buyout) 6 of 10
State (Pennsylvania) 3 of 3
Country (United States) 35 of 42
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 AM General

South Bend, Indiana, United States

AM General designs, engineers, manufactures, supplies and supports specialized vehicles for military and commercial customers and has more than six decades of experience meeting the changing needs of the defense and automotive industries. AM General is the original designer and manufacturer of the famous military HMMWV (Humvee®) and HUMMER® H1 vehicles, and commercial contract assembler of the H2, MV-1 and Ford Transit Connect Electric vehicles. AM General is based in South Bend, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 Speira

Grevenbroich, Germany

Speira is a manufacturer of advanced rolled aluminum products, producing approximately one million tonnes per year, with over a century of experience. Speira operates seven manufacturing plants, an R&D center, and nine sales offices globally.

Buy €1.4B

Seller(S) 1

SELLER

Patriarch Partners

New York, New York, United States

Investor

Category Private Equity Firm
Founded 2000
Size Large
Type Sector Agnostic
DESCRIPTION

Patriarch Partners is an operationally focused private investment firm focused on acquiring and turning around troubled companies. The Firm will consider opportunities throughout the US and does not have any stated investment preferences. Patriarch Partners was established in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 9 of 12
Sector (Metals/Mining) 1 of 1
Type (Secondary Buyout) 4 of 5
State (Pennsylvania) 1 of 1
Country (United States) 9 of 12
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Rand McNally

Chicago, Illinois, United States

Rand McNally provides fleet management and commercial transportation solutions, connected vehicle technology, and consumer travel and education products. Rand McNally was founded in 1856 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Snelling Staffing Services

Richardson, Texas, United States

Snelling Staffing Services provides temporary staffing services with over 5,500 clients and more than 110 branches and franchises nationally. Snelling Staffing Services was formed in 1951 and is based in Richardson, Texas.

Sell $17M
Mergr

Product

Company

Legal