Investment Summary

North River Capital Exits Coldwater Machine Company

On December 11, 2018, Lincoln Electric invested in machinery company Coldwater Machine Company from North River Capital

Investment Highlights
  • This is Lincoln Electric’s 23rd transaction in the Machinery sector.
  • This is Lincoln Electric’s 18th transaction in the United States.
  • This is Lincoln Electric’s 5th transaction in Ohio.

Investment Summary

Date 2018-12-11
Target Coldwater Machine Company
Sector Machinery
Investor(s) Lincoln Electric
Sellers(s) North River Capital
Deal Type Add-on Acquisition

Target

Coldwater Machine Company

Coldwater, Ohio, United States
Coldwater Machine Company LLC is a provider of innovative engineered solutions for manufacturing applications. The company designs and builds customized machines, dies, tools, fixtures, gauges, assemblies, and components. CMC serves a wide array of customers across a variety of industries, including aerospace, energy, appliance, automotive, beverage, medical, and defense.

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Investor(S) 1

Investor

Lincoln Electric

Cleveland, Ohio, United States

Category Company
Founded 1895
Sector Machinery
Employees12,000
Revenue 4.0B USD (2024)
DESCRIPTION
Lincoln Electric's corporate headquarters in Cleveland, Ohio.
Lincoln Electric's corporate headquarters in Cleveland, Ohio.

Lincoln Electric is a designer and manufacturer of arc welding products, robotic arc welding systems, plasma, and oxy-fuel cutting equipment and has a global position in the brazing and soldering alloys market. Lincoln Electric was founded in 1895 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 37 of 47
Sector: Machinery M&A 23 of 25
Type: Add-on Acquisition M&A Deals 32 of 39
State: Ohio M&A 5 of 6
Country: United States M&A 18 of 25
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Pro Systems

Churubusco, Indiana, United States

Pro Systems LLC designs and builds innovative and automated machines and Systems. Through cutting-edge design, professional project management, and its foundational philosophy provides consistent and ethical business practices, Pro Systems has carved out a unique niche within the automated machinery industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Worthington Industries - Soldering Business

Columbus, Ohio, United States

Worthington Industries, Inc. - Soldering Business is a manufacturer of solders and fluxes.

Buy -

Seller(S) 1

DESCRIPTION

North River Capital is a Midwest-US based private investment firm focused on acquiring majority interests in small to mid-sized companies. Sectors of interest include engineering, industrial manufacturing, building products, construction services, recycling technologies, and real estate. The Firm was formed in 2008 and is based in Fort Wayne, Indiana.


DEAL STATS #
Overall 3 of 3
Sector: Machinery M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Ohio M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Pro Systems

Churubusco, Indiana, United States

Pro Systems LLC designs and builds innovative and automated machines and Systems. Through cutting-edge design, professional project management, and its foundational philosophy provides consistent and ethical business practices, Pro Systems has carved out a unique niche within the automated machinery industry.

Sell -