M&A Deal Summary

Osgood Capital Group, Cyprium Partners and Ironwood Capital Acquire Uniloy

On May 14, 2019, private equity firm Osgood Capital Group, mezzanine finance firm Cyprium Partners and growth capital firm Ironwood Capital acquired machinery company Uniloy from Milacron Holdings

Acquisition Highlights
  • This is Osgood Capital Group’s 1st, Cyprium Partners’ 3rd and Ironwood Capital’s 3rd transaction in the Machinery sector.
  • This is Osgood Capital Group’s 1st, Cyprium Partners’ 40th and Ironwood Capital’s 68th transaction in the United States.
  • This is Osgood Capital Group’s 1st, Cyprium Partners’ 2nd and Ironwood Capital’s 1st transaction in Michigan.

M&A Deal Summary

Date 2019-05-14
Target Uniloy
Sector Machinery
Buyer(s) Osgood Capital Group
Cyprium Partners
Ironwood Capital
Sellers(s) Milacron Holdings
Deal Type Divestiture

Target

Uniloy

Tecumseh, Michigan, United States
Uniloy provides blow molding technologies and is the only blow molding machine manufacturer to offer four unique blow molding technologies as well as blow molds and associated tooling. Uniloy was founded in 1958 and is based in Tecumseh, Michigan.

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Buyer(S) 3

DESCRIPTION

Osgood Capital Group is a private equity firm focused on acquiring lower middle-market companies in partnership with management. Osgood Capital Group was formed in 2008 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Buyer

Cyprium Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cyprium Partners is a private investment firm that provides mezzanine and equity capital to profitable, middle-market companies. The Firm will consider both non-control and control positions in businesses with revenue of $50 to $300 million and at least $8 million of EBITDA. Sectors of interest include traditional industries such as manufacturing, distribution, and services. Cyprium avoids investments in financial services, real estate, energy, commodities, natural resources, restaurants, long-term care and healthcare companies. Cyprium was formerly known as Key Principal Partners. The Firm has offices in Cleveland, Ohio and New York City.


DEAL STATS #
Overall 43 of 53
Sector (Machinery) 3 of 5
Type (Divestiture) 3 of 3
State (Michigan) 2 of 2
Country (United States) 40 of 50
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 Arbor Carpet

Irving, Texas, United States

Arbor Carpet is a provider of flooring and installation services to the multifamily housing industry from its twelve locations in Texas, Florida, Colorado, California, and Nevada. Arbor Carpet was founded in 1982 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 Chief Enterprises

Elmhurst, Illinois, United States

Chief Enterprises is a value-added distributor of electrical connectors, electro-mechanical components, and customized assemblies. The Company performs product design, engineering, light assembly, and distribution of a wide range of connectors, circuit protection, power distribution, relays, and audible warning devices for the automotive, agriculture, specialty vehicle, powersport, and industrial markets. In addition, Chief is the North American distribution partner of Robert Bosch GmbH electrical connectors to Tier 1 and Tier 2 automotive suppliers. Chief Enterprises was founded in 1991 and is based in Elmhurst, Illinois.

Buy -
Buyer

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 68 of 95
Sector (Machinery) 3 of 3
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 68 of 95
Year (2019) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-10 Lewis Clark Recycling and Disposal

Harrisburg, Illinois, United States

Lewis Clark Recycling and Disposal LLC is a solid waste company providing non-hazardous solid waste collection and disposal services to southern Illinois and greater Omaha markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Libra Industries

Dayton, Ohio, United States

Libra Industries is a vertically integrated contract manufacturer providing electronic manufacturing services (EMS) to OEMs in the aerospace, defense, medical, semiconductor, communications, and industrial markets. Libra Industries was founded in 1980 and is headquartered in Dayton, Ohio.

Buy -

Seller(S) 1

SELLER

Milacron Holdings

Cincinnati, Ohio, United States

Category Company
Founded 2000
Sector Plastics
Employees4,100
Revenue 1.3B USD (2018)
DESCRIPTION

Milacron Holdings Corp. provides plastics processing equipment, technologies, and services. It offers hot runner systems, temperature controllers, and auxiliary equipment; and mold bases, mold components, cold runner systems, and control systems for the plastics industry. Milacron Holdings was founded in 2000 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 4 of 4
Sector (Machinery) 1 of 1
Type (Divestiture) 4 of 4
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 CanGen Holdings

Atlanta, Georgia, United States

CanGen Holdings, Inc. is a manufacturer of consumables for the injection molding and extrusion industries. CanGen Holdings, Inc. (“CanGen”) consisting of subsidiaries Canterbury Engineering Company and Genca. CanGen Holdings is based in Atlanta, Georgia.

Buy -