M&A Deal Summary

Precision Pulley & Idler Acquires Continental Global Material Handling

On June 25, 2024, Precision Pulley & Idler acquired machinery company Continental Global Material Handling from Stellex Capital Management

Acquisition Highlights
  • This is Precision Pulley & Idler’s 1st transaction in the Machinery sector.
  • This is Precision Pulley & Idler’s 1st transaction in the United States.
  • This is Precision Pulley & Idler’s 1st transaction in Alabama.

M&A Deal Summary

Date 2024-06-25
Target Continental Global Material Handling
Sector Machinery
Buyer(s) Precision Pulley & Idler
Sellers(s) Stellex Capital Management
Deal Type Add-on Acquisition
Advisor(s) Proskauer Rose (Legal)

Target

Continental Global Material Handling

Winfield, Alabama, United States
Continental Global Material Handling is a designer and manufacturer of material handling conveyor systems and components used in a variety of industrial end markets, including metals and mining, industrial processing, and aggregates. Continental Global Material Handling is based in Winfield, Alabama.

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Buyer(S) 1

Buyer

Precision Pulley & Idler

Pella, Iowa, United States

Category Company
Sector Machinery
DESCRIPTION

Precision Pulley & Idler provides quality products at a competitive price with unbeatable customer service. It’s specializing in pulleys and idlers for various industries like mining, aggregate, forestry, and food processing. Precision Pulley & Idler is based in Pella, Iowa.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alabama M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Stellex Capital Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.


DEAL STATS #
Overall 5 of 5
Sector: Machinery M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Alabama M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 J. Skinner

Omaha, Nebraska, United States

J. Skinner provides ready-to-eat baked goods through grocery in-store bakeries, food service providers, and co-pack partnerships. J. Skinner was founded in 1983 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 McConway & Torley

Pittsburgh, Pennsylvania, United States

McConway & Torley manufactures cast, forged, and machined products for rail and industrial customers across its three facilities. McConway & Torley was formed in 1869 and is based in Pittsburgh, Pennsylvania.

Buy -