M&A Deal Summary

Oetiker Acquires Rostra Tool Company

On November 18, 2014, Oetiker acquired machinery company Rostra Tool Company from Buckingham Capital Partners and Ironwood Capital

Acquisition Highlights
  • This is Oetiker’s 1st transaction in the Machinery sector.
  • This is Oetiker’s 1st transaction in the United States.
  • This is Oetiker’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2014-11-18
Target Rostra Tool Company
Sector Machinery
Buyer(s) Oetiker
Sellers(s) Buckingham Capital Partners
Ironwood Capital
Deal Type Add-on Acquisition
Advisor(s) Carter Morse & Goodrich (Financial)

Target

Rostra Tool Company

Branford, Connecticut, United States
Rostra Tool Company is a designer and manufacturer of professional specialty hand crimping tools for the electrical, electronic, telecommunications, cable television, and plumbing markets.

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Buyer(S) 1

Buyer

Oetiker

Alliston, Ontario, Canada

Category Company
Founded 1963
Sector Automotive
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 2

SELLER

Buckingham Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Buckingham Capital Partners is a private investment firm specializing in leveraged buyouts and recapitalizations of middle-market industrial and manufacturing companies. Buckingham looks to makes control equity investments of $2 to $15 million in companies valued up to $100 million. Buckingham prefers to invest in companies headquartered in the US. Prospective businesses generally have stable cash-flows and are strong competitors in the markets they serve. Buckingham Partners was formed in 2003 and is based in New York City.


DEAL STATS #
Overall 6 of 6
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 6 of 6
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 SRC Worldwide

Cleveland, Ohio, United States

SRC Worldwide is a producer of fused magnesium flux, a critical chemical component in the production and recycling of magnesium and aluminum alloys. Magnesium flux is also used in a variety of industrial and other applications, including desiccants and the manufacture of specialized catalysts.

Sell -
SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 14 of 53
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 11 of 32
State (Connecticut) 6 of 15
Country (United States) 14 of 53
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 American Blanching

Fitzgerald, Georgia, United States

ABC Peanut Butter LLC is a manufacturer of peanut butter for national brands, private label retail and industrial markets and provides peanut blanching, granulation and roasting services for the commercial peanut industry.

Sell $128M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-17 Fit + Fresh

Providence, Rhode Island, United States

Fit + Fresh is a designer, manufacturer, and distributor of fashionable and functional products that allow people to take healthy and fresh foods and drinks with them while on the go to work, school, or social events. Fit + Fresh is based in Providence, Rhode Island.

Sell -