Investment Summary

Longroad Asset Management Invests In PM Engineered Solutions

On January 1, 2008, distressed investor Longroad Asset Management invested in engineering company PM Engineered Solutions

Investment Highlights
  • This is Longroad Asset Management’s 1st transaction in the Engineering sector.
  • This is Longroad Asset Management’s 5th transaction in the United States.
  • This is Longroad Asset Management’s 1st transaction in Connecticut.
Investment Fate
  • PM Engineered Solutions was sold to a strategic buyer in 2012.

Investment Summary

Date 2008-01-01
Target PM Engineered Solutions
Sector Engineering
Investor(s) Longroad Asset Management
Deal Type Stake Purchase

Target

PM Engineered Solutions

Watertown, Connecticut, United States
PM Engineered Solutions, Inc. is a provider of precision powdered metal, thermoset and thermoplastic component parts and assemblies. It specializes in manufacturing custom powdered metal and plastic parts for the business machine markets, power hand tools, industrial controls, automotive and appliances.

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Investor(S) 1

Investor

Longroad Asset Management

Stamford, Connecticut, United States

Category Distressed Investor
Founded 2001
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Longroad Asset Management is a special situations private equity firm focused on troubled companies located within the United States or Canada. The firm seeks to invest in middle market companies across a wide range of industries with revenues between $30 million to $500 million. The firm typically commits between $5 million to $50 million per investment. Companies targeted may be in deep financial distress, in or near bankruptcy, operationally under-performing businesses, companies experiencing downturns in business or economic cycles and orphan businesses including divestitures, spin-offs or carve-outs. Longroad Asset Management was formed in 2001 based in Stamford, Connecticut and has office in Austin, Texas.


DEAL STATS #
Overall 6 of 11
Sector: Engineering M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
State: Connecticut M&A 1 of 2
Country: United States M&A 5 of 9
Year: 2008 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-07 HOP Energy

Rye Brook, New York, United States

HOP Energy is a provider of heating oil, propane, and other petroleum products and related services to homeowners and small businesses in the Mid-Atlantic and Northeast regions of the United States. HOP Energy LLC serves a diverse customer base of residential, commercial and light industrial customers, and has a network of 12 strategically located bulk plants providing the Company with roughly 8.4 million gallons of storage capacity. HOP Energy LLC also provides comprehensive HVAC installation and related services. HOP Energy was founded in 1995 and is based in Rye Brook, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-11 HWD Acquisition

Medford, Wisconsin, United States

HWD Acquisition, Inc., dba Hurd Windows and Doors, manufactures high-end custom wood windows and doors that are sold under the Hurd brand for residential new construction, remodeling, and light commercial applications.

Buy -