M&A Deal Summary

Merit Capital Partners Acquires Midwest Iron & Metal

On September 1, 2017, mezzanine finance firm Merit Capital Partners acquired metals/mining company Midwest Iron & Metal

Acquisition Highlights
  • This is Merit Capital Partners’ 3rd transaction in the Metals/Mining sector.
  • This is Merit Capital Partners’ 81st transaction in the United States.
  • This is Merit Capital Partners’ 2nd transaction in Ohio.

M&A Deal Summary
Date 2017-09-01
Target Midwest Iron & Metal
Sector Metals/Mining
Buyer(s) Merit Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Midwest Iron & Metal

Dayton, Ohio, United States
Midwest Iron & Metal Co. provides outsourced management of industrial by-products, including ferrous and non-ferrous metals, generated from industrial manufacturing processes. The business includes regional processing operations and a recycling yard, as well as national by-product and logistics management services. Midwest Iron & Metal Co. is based in Dayton, Ohio.

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Buyer(S) 1

Buyer

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.

DEAL STATS #
Overall 82 of 98
Sector (Metals/Mining) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 51 of 62
State (Ohio) 2 of 3
Country (United States) 81 of 97
Year (2017) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Reliant At Home

Plano, Texas, United States

Reliant At Home is a home healthcare agency and hospice care provider offering a variety of in‐home services ranging from technical care to occupational therapy and medically‐necessary personal assistance, as well as end‐of‐life care. The company with a primary focus on providing home healthcare services to patients within assisted living facilities and has since expanded to serve both facility‐based patients as well as home‐based patients. Reliant At Home was founded in 2004 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Stratus

Irving, Texas, United States

Stratus is a provider of in‐home neurodiagnostic, sleep diagnostic and cardiac testing services, currently operating throughout the United States. Stratus was founded in 2006 and is based in Irving, Texas.

Buy -
Mergr

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