M&A Deal Summary

Pine Grove Holdings Acquires Cardinal Metal Finishing

On May 1, 2020, private equity firm Pine Grove Holdings acquired manufacturer Cardinal Metal Finishing

Acquisition Highlights
  • This is Pine Grove Holdings’ 1st transaction in the Manufacturing sector.
  • This is Pine Grove Holdings’ 3rd transaction in the United States.
  • This is Pine Grove Holdings’ 1st transaction in Indiana.

M&A Deal Summary
Date 2020-05-01
Target Cardinal Metal Finishing
Sector Manufacturing
Buyer(s) Pine Grove Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Cardinal Metal Finishing

Kokomo, Indiana, United States
Cardinal Metal Finishing is a provider of various metal processing services such as shot peening, resin impregnation and other quality inspection services. Cardinal Metal Finishing is based in Kokomo, Indiana.

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Buyer(S) 1

Buyer

Pine Grove Holdings

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Pine Grove Holdings is a small private investment group focused on venture, private equity, and real estate opportunities. Pine Grove Holdings was formed in 2011 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 3 of 7
Sector (Manufacturing) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Indiana) 1 of 1
Country (United States) 3 of 7
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Encorp

Fort Collins, Colorado, United States

Encorp is a global energy technology firm providing products and services for the distributed energy market. Primary applications include microgrids, combined heat and power, and supply-side demand response. Over three decades, it has provided complex control systems for over 1 GW of diverse generation and energy storage assets at 400 projects across 47 states and 12 countries. Encorp was formed in 1992 and is based in Fort Collins, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Ashburn Consulting

Leesburg, Virginia, United States

Ashburn Consulting is an information technology consulting firm that specializes in providing network engineering and cybersecurity solutions to federal, state and local governments and commercial clients. Ashburn Consulting is based in Leesburg, Virginia.

Buy -
Mergr

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