M&A Deal Summary

Polycor Acquires Indiana Limestone

On October 11, 2018, Polycor acquired building materials company Indiana Limestone from Wynnchurch Capital

Acquisition Highlights
  • This is Polycor’s 3rd transaction in the Building Materials sector.
  • This is Polycor’s 3rd transaction in the United States.
  • This is Polycor’s 1st transaction in Indiana.

M&A Deal Summary

Date 2018-10-11
Target Indiana Limestone
Sector Building Materials
Buyer(s) Polycor
Sellers(s) Wynnchurch Capital
Deal Type Merger

Target

Indiana Limestone

Bloomington, Indiana, United States
Indiana Limestone is a producer of limestone building products and materials. Indiana Limestone’s products are chosen by owners and designers of commercial, institutional and residential buildings ranging from classical to high-tech in architecture and performance. Indiana Limestone was founded in 1926 and is based in Bloomington, Indiana.

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Buyer(S) 1

Buyer

Polycor

Quebec, Quebec, Canada

Category Company
Founded 1987
Sector Building Materials
Employees1,300
DESCRIPTION

Polycor is a dimensional stone company in North America, operating a network of quarries, manufacturing facilities, and retail stores. Polycor crafts custom stone blocks, slabs, tiles, mosaics, architectural stone, curbs, and landscaping products sold to diverse end markets. Polycor was founded in 1987 and is based in Quebec City.


DEAL STATS #
Overall 3 of 5
Sector (Building Materials) 3 of 5
Type (Merger) 1 of 1
State (Indiana) 1 of 2
Country (United States) 3 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-16 Rock of Ages

Graniteville, Vermont, United States

Rock of Ages Corp. is an integrated granite quarrier and manufacturer of finished granite memorials and granite blocks for memorial use in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Elliott Stone

Bedford, Indiana, United States

Elliott Stone Co., Inc. is a quarrier and fabricator of Indiana limestone. Elliott Stone develops new quarrying processes, finishing techniques and machinery of our own design for the purpose of providing customers with quick delivery, excellent products, and the finest quality stone available. Elliott Stone Co., Inc. was founded in 1957 and is based in Bedford, Indiana.

Buy -

Seller(S) 1

SELLER

Wynnchurch Capital

Rosemont, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 9.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wynnchurch Capital is a private equity firm focused on middle-market company investments in the US and Canada. Wynnchurch looks to commit $50 to $750 million of equity per platform. Sectors of interest include manufacturing, business services, logistics, energy and power services, and value-added distribution. Prospective transaction types include management buyouts, recapitalizations, corporate carve-outs, restructurings, turnarounds and growth capital situations. Wynnchurch Capital was formed in 1999 and is based in Rosemont, Illinois.


DEAL STATS #
Overall 18 of 36
Sector (Building Materials) 2 of 4
Type (Merger) 1 of 4
State (Indiana) 1 of 1
Country (United States) 16 of 29
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 Infra Pipe Solutions

Mississauga, Ontario, Canada

Infra Pipe Solutions is a manufacturer of large diameter, high-density polyethylene (“HDPE”) pipe. Infra Pipe Solutions sells pipes for use in water infrastructure, mining, industrial processes, oil & gas distribution, and other applications. Infra Pipe was founded in 2018 and is based in Mississauga, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 Anderson Metals

Kansas City, Missouri, United States

Anderson Metals is a manufacturer of brass fittings, valves, pipe nipples and related products, which are sold into the plumbing, hardware and general industrial end-markets. The Company supplies over 12,000 SKU's across a variety of categories including lead-free and leaded brass fittings, valves, pipe nipples, non-metallic fittings and assorted parts and accessories. Anderson Metals was formed in 1947 and is based in Kansas City, Missouri.

Sell -