Merger • Manufacturing

Maysteel Industries Acquires Porter’s Group Holdings

On December 23, 2019, Maysteel Industries acquired manufacturer Porter’s Group Holdings from Resilience Capital Partners

Acquisition Context
  • This is Maysteel Industries’ 1st transaction in the Manufacturing sector.
  • This is Maysteel Industries’ 2nd transaction in the United States.
  • This is Maysteel Industries’ 1st transaction in North Carolina.

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M&A Deal Summary

Date December 23, 2019
Target Porter’s Group Holdings
Sector Manufacturing
Buyer(s) Maysteel Industries
Sellers(s) Resilience Capital Partners
Deal Type Merger

Target Company

Porter’s Group Holdings

Bessemer City, North Carolina, United States
Porter’s Group Holdings LLC is a provider of metal fabrication solutions serving the security, military, mining, heavy equipment, and trucking industries. Porter's Group was founded in 1964 and is based in Bessemer City, North Carolina.
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Buyer Overview 1

Buyer

Maysteel Industries

Allenton, Wisconsin, United States

Category Company
Founded 1936
Sector Manufacturing
DESCRIPTION

Maysteel Industries specializes in designing, engineering, and manufacturing custom, precision, OEM sheet metal enclosures, electrical cabinets, and metal fabricated assemblies. The company's product solutions are widely used in the alternative energy, kiosk, gaming, security, medical, utility, industrial drive and automation, and self-serve/vending machine industries and are also found in a variety of other applications. Maysteel Industries was founded in 1936 and is based in Allenton, Wisconsin.


Deal Context for Buyer #
Overall 2 of 3
Sector: Manufacturing 1 of 2
Type: Merger 1 of 1
State: North Carolina 1 of 1
Country: United States 2 of 3
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Damac Products

La Mirada, California, United States

Damac Products, Inc. is a manufacturer of custom data center infrastructure equipment. Damac's data center infrastructure products include server cabinets, wall mount racks, seismic and thermal management products, power distribution equipment, and cable runway systems. Damac product line includes more than 2,500 items engineered to the most exacting specifications. Damac Products was founded in 1984 and is based in La Mirada, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 Star Precision

Frederick, Colorado, United States

Star Precision is a full-service, sheet metal fabrication, precision machining, and complete finishing services company. Star Precision was founded in 1989 and is based in Frederick. Colorado.

Buy -

Seller Profile 1

SELLER

Resilience Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 675M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Resilience Capital Partners is a private equity firm focused on investing in lower middle-market underperforming and turnaround situations. Resilience targets non-core divisions or subsidiaries, companies with severe operational issues, businesses suffering from insufficient management focus, and privately held companies with lack of access to capital. Sectors of interest include niche manufacturing, specialty chemicals, and industrial services. Prospective companies are generally located in North America with $25 to $250 million in revenue, and EBITDA typically under $20 million. Resilience Capital Partners was formed in 2001 and is located in Cleveland, Ohio.


Deal Context for Seller #
Overall 14 of 19
Sector: Manufacturing 1 of 2
Type: Merger 1 of 1
State: North Carolina 1 of 1
Country: United States 14 of 19
Year: 2019 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 Simcom

Orlando, Florida, United States

Simcom is a privately-owned, comprehensive learning institution, SIMCOM utilizes realistic simulator-based training to provide advanced aviation training services to professional pilots, owner-operators, Part 135 operators and maintenance personnel operating in general aviation, regional, military, government and cargo operations around the world. Simcom was founded in 1989 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-30 DealerShop

Birmingham, Michigan, United States

DealerShop is a vehicle dealership’s right hand, providing everything they need to increase profits at their dealerships and respective collision centers. DealerShop is based in Birmingham, Michigan.

Buy -