M&A Deal Summary

Mill City Capital Acquires Behrens Manufacturing

On December 1, 2016, private equity firm Mill City Capital acquired manufacturer Behrens Manufacturing from The Gladstone Companies

Acquisition Highlights
  • This is Mill City Capital’s 1st transaction in the Manufacturing sector.
  • This is Mill City Capital’s 7th transaction in the United States.
  • This is Mill City Capital’s 2nd transaction in Minnesota.

M&A Deal Summary

Date 2016-12-01
Target Behrens Manufacturing
Sector Manufacturing
Buyer(s) Mill City Capital
Sellers(s) The Gladstone Companies
Deal Type Secondary Buyout

Target

Behrens Manufacturing

Winona, Minnesota, United States
Behrens Manufacturing is a manufacturer and distributor of galvanized and metalware products that are sold primarily in home improvement, automotive, and hardware stores. Products produced by the company include a variety of galvanized steel products such as pails, garbage cans, utility tubs, planters, and funnels as well as other products for the promotional and advertising premium markets. Behrens Manufacturing was founded in 1911 and is based in Winona, Minnesota.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Mill City Capital

Wayzata, Minnesota, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Mill City Capital is a private equity firm that makes control investments in lower middle market companies with enterprise values ranging between $15 and $100 million. Mill City concentrates on businesses located in the upper Midwest. Areas of interest include industrial products/services, machinery, distribution, consumer products, and food. Mill City Capital is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 10 of 13
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 3 of 4
State (Minnesota) 2 of 3
Country (United States) 7 of 10
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Command Fishing & Pipe Recovery

Leduc, Alberta, Canada

Command Fishing & Pipe Recovery is an independent oilfield service business that offers fishing, rental, and pipe recovery services to oil and gas producers. Command Fishing & Pipe Recovery is based in Leduc, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 HN Precision

Lake Bluff, Illinois, United States

HN Precision is a manufacturer of precision machined components serving a diverse group of industry-leading original equipment manufacturers across multiple end-markets including heavy trucks, off-highway vehicles, oil and gas, armaments, rail, and general industrial. HN Precision was founded in 1984 and is based in Lake Bluff, Illinois.

Buy -

Seller(S) 1

SELLER

The Gladstone Companies

Investor Investor Investor Investor Investor


Category Lender
Founded 2001
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Gladstone Companies manages a series of publicly traded investment vehicles and looks to make debt and equity investments in US-based small to middle-market businesses. The Firm focuses on second lien debt, mezzanine debt, secured and unsecured subordinated loans, equity and real estate sale leasebacks. Target investments generally range from $5 to $30 million in companies with over $3 million in EBITDA. Target sectors include manufacturing, industrial products, business and government Services, media, communications, consumer products and services, healthcare services, transportation, specialty chemicals, and energy services. The Gladstone Companies was formed in 2001 and is based in McLean, Virginia.


DEAL STATS #
Overall 7 of 18
Sector (Manufacturing) 4 of 4
Type (Secondary Buyout) 4 of 8
State (Minnesota) 1 of 1
Country (United States) 7 of 18
Year (2016) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 Reliable Biopharmaceutical

St. Louis, Missouri, United States

Reliable Biopharmaceutical LLC is a manufacturer of small volume, high value advanced pharmaceutical and biochemical intermediates, primarily for the generic injectable pharmaceutical industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-21 Arc Drilling

Valley View, Ohio, United States

Arc Drilling is a provider of fast hole EDM, wire EDM, and sinker EDM manufacturing services. Arc Drilling is a long-time supplier to OEMs and Tier I suppliers in the industrial gas turbine, aerospace engine, and industrial markets. Arc Drilling has manufacturing operations in Cleveland, Greenville, South Carolina and Charleston, South Carolina. Arc Drilling was founded in 1961 and is based in Valley View, Ohio.

Buy -