M&A Deal Summary |
|
|---|---|
| Date | 2006-05-01 |
| Target | Connecticut Steel |
| Sector | Metals/Mining |
| Buyer(s) | Nucor |
| Sellers(s) | Midwest Mezzanine Funds |
| Deal Type | Add-on Acquisition |
| Deal Value | 43M USD |
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| Category | Company |
|---|---|
| Founded | 1905 |
| Sector | Metals/Mining |
| Employees | 32,000 |
| Revenue | 34.7B USD (2023) |
Nucor is a North American manufacturer of steel products. Products produced include carbon and alloy steel – in bars, beams, sheet and plate; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating and expanded metal; and wire and wire mesh. Nucor was formed in 1905 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 35 |
| Sector (Metals/Mining) | 5 of 22 |
| Type (Add-on Acquisition) | 5 of 26 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 6 of 32 |
| Year (2006) | 1 of 2 |
| Size (of disclosed) | 20 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-06-03 |
Marion Steel
Marion, Ohio, United States Steel Marion is a steel mini mill that manufactures a full line of specialty steel products in the specific shapes needed for the highway, construction and agricultural industries. We specialize in U-channel signposts and related breakaway small and mid-range signpost systems, delineators, guardrail posts and cable barrier systems. |
Buy | $110M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-09-12 |
Verco Decking
Phoenix, Arizona, United States Verco Decking, Inc. produces steel floor and roof decking at three locations in the western United States: Phoenix, Arizona; Fontana, California; and Antioch, California. Nucor's Vulcraft Group is the largest U.S. manufacturer of steel deck. With the addition of the Verco facilities, Nucor's total annual deck capacity will exceed 500,000 tons. |
Buy | $180M |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 56 |
| Sector (Metals/Mining) | 1 of 2 |
| Type (Add-on Acquisition) | 3 of 24 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 5 of 55 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-04-11 |
Sunrise Windows & Doors
Temperance, Michigan, United States Sunrise Windows & Doors is a manufacturer and distributor of premium-priced, energy-efficient, custom replacement vinyl windows and patio doors, distributing its products through specialty window dealers, home improvement contractors, and building products distributors. Sunrise Windows & Doors was founded in 1994 and is based in Temperance, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-01 |
Fab-Tech
Colchester, Vermont, United States Fab-Tech, Inc. is a manufacturer of coated stainless steel, corrosive fume exhaust systems for the semiconductor, university lab and other industrial markets. Fab-Tech was founded in 1987 and is based in Colchester, Vermont. |
Buy | - |
