M&A Deal Summary

Precision Castparts Acquires Hackney Ladish

On January 1, 2009, Precision Castparts acquired metals/mining company Hackney Ladish from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is Precision Castparts’ 3rd transaction in the Metals/Mining sector.
  • This is Precision Castparts’ 8th transaction in the United States.
  • This is Precision Castparts’ 1st transaction in Arkansas.

M&A Deal Summary

Date 2009-01-01
Target Hackney Ladish
Sector Metals/Mining
Buyer(s) Precision Castparts
Sellers(s) Levine Leichtman Capital Partners
Deal Type Add-on Acquisition

Target

Hackney Ladish

Russellville, Arkansas, United States
Hackney Ladish, Inc. is a largest and most versatile producers of carbon steel and alloy steel butt-weld pipe fittings.

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Buyer(S) 1

Buyer

Precision Castparts

Portland, Oregon, United States

Category Company
Founded 1949
Sector Manufacturing
Employees29,900
Revenue 10.0B USD (2015)
DESCRIPTION

Precision Castparts is a manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. Precision Castparts was formed in 1953 and is headquartered in Portland, Oregon.


DEAL STATS #
Overall 8 of 31
Sector (Metals/Mining) 3 of 9
Type (Add-on Acquisition) 6 of 26
State (Arkansas) 1 of 1
Country (United States) 8 of 28
Year (2009) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-27 Airdrome Precision Components

Santa Ana, California, United States

Airdrome Precision Components LLC, are a manufacturer of precision tube fittings and machined components for military and commercial aircraft, engine, space, and industrial programs. Whether it's the simplest connector or the most complex fitting, each Airdrome part is made to perform under the most demanding conditions. Mission after mission.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-30 Arcturus Manufacturing

Oxnard, California, United States

Arcturus Manufacturing Corporation, a hammer forging operation in Oxnard, California. Manufacturers of closed die and open die forgings, rolled rings, machined parts and assemblies.

Buy -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


DEAL STATS #
Overall 10 of 56
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 3 of 16
State (Arkansas) 1 of 1
Country (United States) 10 of 51
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-14 Consumer Portfolio Services

Las Vegas, Nevada, United States

Consumer Portfolio Services is an independent consumer finance company with over $1 billion of automobile contracts. Consumer Portfolio Services was incorporated in 1991 and is headquartered in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-06 Pacific World

Lake Forest, California, United States

Pacific World Corporation is a leading innovator and supplier of proprietary nail and beauty care products to consumers through food, drug, and mass (FDM) retail channels worldwide. Pacific World owns and manages internationally recognized and best selling brands within the nail care and specialty skin care categories including Nailene, Fingr's, Revlon and Bio Oil, which hold broad global appeal to female consumers ranging in age from the tweens/teens segment to young adults and mature women. The Company was founded in 1973 and is headquartered in Lake Forest, CA.

Buy -