Add-on Acquisition • Metals/Mining

Opta Acquires Anker Industries

On December 21, 2023, Opta acquired metals/mining company Anker Industries from Continuim Equity Partners

Acquisition Context
  • This is Opta’s 4th transaction in the Metals/Mining sector.
  • This is Opta’s 7th transaction in the United States.
  • This is Opta’s 1st transaction in Pennsylvania.

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M&A Deal Summary

Date December 21, 2023
Target Anker Industries
Sector Metals/Mining
Buyer(s) Opta
Sellers(s) Continuim Equity Partners
Deal Type Add-on Acquisition

Target Company

Anker Industries

Wilkins Township, Pennsylvania, United States
Anker Industries supplies the steel and foundry industries with metallurgical additives such as deoxidizer briquettes, slag conditioners, insulators, tundish fluxes, and high-quality petroleum coke (petcoke). By removing oxygen, inclusions, and other impurities, Anker's customized solutions allow customers to produce clean, high-quality steel. Anker Industries was founded in 1975 and is based in Wilkins Township, Pennsylvania.
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Buyer Overview 1

Buyer

Opta

Amherst, New York, United States

Category Company
Sector Metals/Mining
DESCRIPTION

Opta is a provider of custom process solutions and industrial mineral products used primarily in the steel, foundry, loose abrasive cleaning, water-jet cutting, and municipal water filtration industries. Opta is based in Amherst, New York.


Deal Context for Buyer #
Overall 10 of 11
Sector: Metals/Mining 4 of 5
Type: Add-on Acquisition 10 of 11
State: Pennsylvania 1 of 1
Country: United States 7 of 8
Year: 2023 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-19 Nupro

Lewiston, New York, United States

Nupro is a provider of designing innovative technology to solve problems unique to the metallurgical industry. Nupro is based in Lewiston, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 Performix Metallurgical Additives

Warren, Ohio, United States

Performix Metallurgical Additives provides metallurgical additives to the steel and foundry industries, including briquettes, slag conditioners, insulators, and tundish fluxes. Performix Metallurgical Additives is based in Warren, Ohio.

Buy -

Seller Profile 1

SELLER

Continuim Equity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2021
PE ASSETS 100M USD
Size Small
Type Sector Focused
DESCRIPTION

Continuim Equity Partners is a private equity firm focused exclusively on acquiring lower middle-market manufacturing and industrial companies. The Firm will consider profitable ($3 to $10 million of EBITDA) businesses across the US with $10 to $100 million in revenue. Continuim Equity Partners was formed in 2021 and is based in Pittsburgh, Pennsylvania.


Deal Context for Seller #
Overall 1 of 1
Sector: Metals/Mining 1 of 1
Type: Add-on Acquisition 1 of 1
State: Pennsylvania 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 Anchor Holding Group

Coraopolis, Pennsylvania, United States

Anchor Holding Group (AHG) is a manufacturer and value-added distributor of industrial, mechanical, and cryogenic seals, custom and standard gaskets, ANSI pumps, and related fluid control components. In addition to its differentiated product offering, AHG provides customer service and rapid response times to minimize downtime and unplanned outages for its tenured and diversified customer base. Anchor Holding Group is based in Coraopolis, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-30 Kottler Metal Products

Willoughby, Ohio, United States

Kottler Metal Products is a provider of complex tube, pipe, rail, and structural steel bending services to a diverse and tenured customer base across multiple end markets. Kottler Metal Products was formed in 1915 and is based in Willoughby, Ohio.

Buy -