M&A Deal Summary

Promus Equity Partners Acquires Associated Steel Group

On September 5, 2012, private equity firm Promus Equity Partners acquired building materials company Associated Steel Group

Acquisition Highlights
  • This is Promus Equity Partners’ 1st transaction in the Building Materials sector.
  • This is Promus Equity Partners’ 4th transaction in the United States.
  • This is Promus Equity Partners’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2012-09-05
Target Associated Steel Group
Sector Building Materials
Buyer(s) Promus Equity Partners
Deal Type Consolidation

Target

Associated Steel Group

Oklahoma City, Oklahoma, United States
Associated Steel Group is a designer and manufacturer of custom-engineered metal buildings, roofing systems and components for the non-residential construction industry. Associated Steel Group is based in Oklahoma.

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Buyer(S) 1

Buyer

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 27
Sector (Building Materials) 1 of 2
Type (Consolidation) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 4 of 26
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 QCC

Harwood Heights, Illinois, United States

QCC is a manufacturing services provider specializing in the manufacture, assembly, and testing of complete products and assemblies, as well as precision-machined components for aerospace, diesel fuel systems, medical, defense, and fluid power applications. QCC was founded in 1951 and is based in Harwood Heights, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-11 Auto Meter Products

Sycamore, Illinois, United States

Auto Meter Products is a developer and manufacturer of aftermarket automotive gauges as well as battery test and charging equipment. Auto Meter Products operates out of a 93,000 square foot facility in Sycamore, Illinois and distributes its products to over 600 active customers within the specialty warehouse distributor, retailer, and OEM channels. Auto Meter Products was founded in 1957 and is based in Sycamore, Illinois.

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