M&A Deal Summary

Optima Specialty Steel Acquires Niagara LaSalle Corp

On December 5, 2011, Optima Specialty Steel acquired metals/mining company Niagara LaSalle Corp from Kohlberg & Company

Acquisition Highlights
  • This is Optima Specialty Steel’s 1st transaction in the Metals/Mining sector.
  • This is Optima Specialty Steel’s 1st transaction in the United States.
  • This is Optima Specialty Steel’s 1st transaction in Indiana.

M&A Deal Summary
Date 2011-12-05
Target Niagara LaSalle Corp
Sector Metals/Mining
Buyer(s) Optima Specialty Steel
Sellers(s) Kohlberg & Company
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target

Niagara LaSalle Corp

Hammond, Indiana, United States
Niagara Corporation (“Niagara”) is the independent manufacturer and distributor of cold finished steel bars in both the United States and the United Kingdom. Cold finished steel bars are value-added steel products which are manufactured by applying a variety of different processing methods to hot-rolled steel, to make the resulting bars suitable for precision machining operations.

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Buyer(S) 1

Buyer

Optima Specialty Steel

Miami, Florida, United States
Category Company
Sector Manufacturing
DESCRIPTION

Headquartered in Miami, Florida, Optima Specialty Steel, Inc., is one of North America's leading independent manufacturers of specialty steel products. Operating through its three wholly-owned subsidiaries, Michigan Seamless Tube & Pipe (MST), Niagara LaSalle Corporation and Kentucky Electric Steel, the organization leverages its technical expertise, skilled workforce and sophisticated equipment to produce highly engineered products, including seamless cold drawn pipe and tube, cold finished steel bars and flats and various SBQ and MBQ products.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.

DEAL STATS #
Overall 18 of 47
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 9 of 18
State (Indiana) 2 of 4
Country (United States) 17 of 46
Year (2011) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-02 SouthernCare

Birmingham, Alabama, United States

SouthernCare is one of the independent providers of hospice services in the U.S., with 63 operations located throughout the Southeast and the Midwest.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Aurora Products Group

Orange, Connecticut, United States

Aurora Products Group ("Aurora") is a owned funeral service supplier in America. It provides a full range of burial, cremation, and technology products to funeral home clients and distributors in the U.S. and Canada, and operates five manufacturing facilities and a nationwide distribution network.

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