M&A Deal Summary

Monomoy Capital Partners Acquires Waupaca Foundry

On December 21, 2023, private equity firm Monomoy Capital Partners acquired manufacturer Waupaca Foundry from Proterial

Acquisition Highlights
  • This is Monomoy Capital Partners’ 8th transaction in the Manufacturing sector.
  • This is Monomoy Capital Partners’ 42nd transaction in the United States.
  • This is Monomoy Capital Partners’ 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2023-12-21
Target Waupaca Foundry
Sector Manufacturing
Buyer(s) Monomoy Capital Partners
Sellers(s) Proterial
Deal Type Divestiture
Advisor(s) J.P. Morgan Securities
Moelis & Co. (Financial)
Ropes & Gray (Legal)

Target

Waupaca Foundry

Waupaca, Wisconsin, United States
Waupaca Foundry is a supplier of iron castings to the automotive, commercial vehicle, agriculture, construction, and industrial markets, produces gray iron castings, ductile iron castings, and austempered ductile iron castings using state-of-the-art processes and technology. The manufacturer also specializes in precision machining and assembly. Waupaca Foundry is headquartered in Waupaca, Wisconsin.

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Buyer(S) 1

Buyer

Monomoy Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monomoy Capital Partners is a private equity firm that invests in mid to large-sized companies valued up to $1 billion. Monomoy prefers cash flow positive companies with $20 to $100 million of EBITDA. Sectors of interest include automotive, industrial, distribution, consumer products, packaging, and transportation. Monomoy Capital Partners was formed in 2005 and is headquartered in New York City.

DEAL STATS #
Overall 42 of 44
Sector (Manufacturing) 8 of 8
Type (Divestiture) 6 of 6
State (Wisconsin) 2 of 2
Country (United States) 42 of 44
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Japs-Olson

St. Louis Park, Minnesota, United States

Japs-Olson is a provider of direct mail production and commercial printing services. was founded in 1907 and is based in St. Louis Park, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Sportech

Elk River, Minnesota, United States

Sportech is a designer, manufacturer, and assembler of cab components and systems for Powersports, golf & turf, industrial, and agriculture OEMs. It manufactures and assembles three main product categories primarily used in the production of utility task vehicles (UTVs): door assemblies, windshield assemblies, and other thermoformed plastic components. Sportech was formed in 1994 and is based in Elk River, Minnesota.

Sell $315M

Seller(S) 1

SELLER

Proterial

Tokyo, Japan
Category Company
Founded 1910
Sector Metals/Mining
Employees28,620
Revenue 942.7B JPY (2022)
DESCRIPTION

Proterial engages in the manufacture and marketing of high-grade metal products and materials, electronics and information technology (IT) devices. Proterial was founded in 1910 and is based in Tokyo, Japan.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 3 of 3
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 SinterMet

Kittanning, Pennsylvania, United States

SinterMet develops and manufactures tungsten carbide, titanium carbide, and ceramic rolls for bar, rod, and wire rolling in ferrous and nonferrous rolling mills. SinterMet was founded in 1975 and is based in Kittanning, Pennsylvania.

Sell -
Mergr

Product

Company

Legal