M&A Deal Summary

ONCAP Management Partners Acquires Walter Surface Technologies

On September 20, 2018, private equity firm ONCAP Management Partners acquired machinery company Walter Surface Technologies

Acquisition Highlights
  • This is ONCAP Management Partners’ 2nd transaction in the Machinery sector.
  • This is ONCAP Management Partners’ 14th transaction in the United States.
  • This is ONCAP Management Partners’ 2nd transaction in Connecticut.

M&A Deal Summary
Date 2018-09-20
Target Walter Surface Technologies
Sector Machinery
Buyer(s) ONCAP Management Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Walter Surface Technologies

Windsor, Connecticut, United States
Walter Surface Technologies provides solutions for the global metal working industry. From high-performance abrasives, power tools and tooling to industrial parts washing systems, cleaners, degreasers and lubricants Walter focuses on helping its customers work better. Walter Surface Technologies was founded in 1952 and is based in Windsor, Connecticut.

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Buyer(S) 1

Buyer

ONCAP Management Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ONCAP is the mid-market private equity business of Onex Corporation. ONCAP looks to invest in small and mid-sized North American businesses where it can commit $20 to $200 million of equity capital. ONCAP considers investment opportunities in a wide range of industry sectors. Situations of interest include, complete or partial sales of a closely held private companies, divestitures, companies seeking equity capital to pursue key strategic initiatives, and take privates. ONCAP was established in 1999 and is based in Toronto.

DEAL STATS #
Overall 26 of 34
Sector (Machinery) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 16 of 17
State (Connecticut) 2 of 2
Country (United States) 14 of 19
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Precision Global

Greenville, South Carolina, United States

Precision Global is a global manufacturer and supplier of aerosol valves, actuators and other dispensing solutions for various end markets, including personal care, household, food, industrial, and pharmaceutical. Based in Greenville, South Carolina, the Company operates a multinational network of facilities spanning fifteen countries on six continents. Precision Global was founded in 1949 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Tecta America

Rosemont, Illinois, United States

Tecta America is a provider of commercial roofing services offering installation, replacement, and repair services. It services both local and national accounts across a spectrum of industries and end-markets including industrial, retail / office, non-government institutional, government, multi-family and other. Tecta America was founded in 2000 and is based in Rosemont, Illinois.

Sell -
Mergr

Product

Company

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