M&A Deal Summary

Meiser and Dutco Group Acquire IKG

On March 14, 2024, Meiser and Dutco Group acquired metals/mining company IKG from KPS Capital Partners

Acquisition Highlights
  • This is Meiser’s 3rd and Dutco Group’s 1st transaction in the Metals/Mining sector.
  • This is Meiser’s 1st and Dutco Group’s 1st transaction in the United States.
  • This is Meiser’s 1st and Dutco Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2024-03-14
Target IKG
Sector Metals/Mining
Buyer(s) Meiser
Dutco Group
Sellers(s) KPS Capital Partners
Deal Type Add-on Acquisition

Target

IKG

Houston, Texas, United States
IKG is a manufacturer of high-quality steel and aluminum bar grating, with manufacturing plants throughout North America. From power plants to petroleum refineries, shipyards to large scale factories, IKG services major businesses throughout the industrial sector.

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Buyer(S) 2

Buyer

Meiser

Schmelz-Limbach, Germany

Category Company
Founded 1956
Sector Metals/Mining
DESCRIPTION

Meiser specializes in the manufacture and supply of steel and metal products. The company supplies road and safety equipment, expanded metal, solar mounting systems, various steel profiles, complete staircases, and galvanizing services. Meiser was formed in 1956 and is based in Schmelz-Limbach, Germany.


DEAL STATS #
Overall 3 of 3
Sector: Metals/Mining M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 Expanded Metal Co.

Hartlepool, United Kingdom

Expanded Metal Co. is an expanded metal manufacturing company that specializes in mesh pressings and finished mesh products for the filtration and architectural markets, as well as supplying perforated sheets and alternatives to woven and welded wire. Expanded Metal Co. was founded in 1889 and is based in Hartlepool, United Kingdom.

Buy -
Buyer

Dutco Group

Dubai, United Arab Emirates

Category Company
Founded 1947
Sector Diversified
DESCRIPTION

Dutco Group is a family-owned multinational group that operates across five key business verticals, comprising (1) trading, manufacturing & logistics, (2) construction, (3) hospitality, (4) energy, and (5) real estate. The group operates across 8 countries with over 10,000 employees, including existing operations within its energy, real estate, and hospitality verticals in the United States. Dutco Group was formed in 1947 and is based in Dubai.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 21.8B 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 $200 million to $2 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, New York.


DEAL STATS #
Overall 34 of 36
Sector: Metals/Mining M&A 2 of 3
Type: Add-on Acquisition M&A Deals 18 of 20
State: Texas M&A 2 of 2
Country: United States M&A 28 of 29
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Winoa

Le Cheylas, France

Winoa is a manufacturer of steel abrasives across the transportation, equipment, energy and construction end-markets. Winoa successfully serves a diverse customer base of over 10,000 customers worldwide. Winoa is headquartered in Le Cheylas, France with 11 manufacturing facilities in Europe, North America, South America, Asia, and Africa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Sportgroup

Burgheim, Germany

Sportgroup is a manufacturer of artificial turf systems and synthetic floor coverings in the sport and leisure sector. Its comprehensive product range includes artificial turf, running tracks and polyurethane surfaces as well as components for sporting, industrial and leisure facilities. Sportgroup is based in Burgheim, Germany.

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