M&A Deal Summary

Prophet Equity Acquires Keywell Metals

On December 13, 2013, private equity firm Prophet Equity acquired metals/mining company Keywell Metals

Acquisition Highlights
  • This is Prophet Equity’s 1st transaction in the Metals/Mining sector.
  • This is Prophet Equity’s 12th transaction in the United States.
  • This is Prophet Equity’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2013-12-13
Target Keywell Metals
Sector Metals/Mining
Buyer(s) Prophet Equity
Deal Type Special Situations/Distressed

Target

Keywell Metals

Matthews, North Carolina, United States
Keywell Metals is a provider of recycled titanium, high-temperature alloys and stainless steel in North America. Using its deep understanding of these metals, Keywell Metals has established itself as a trusted value-added partner to aerospace metals and specialty steel producers. Keywell Metals was founded in 1924 and is based in Matthews, North Carolina.

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Buyer(S) 1

Buyer

Prophet Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prophet Equity is a private investment group focused on partnering with owners and management to acquire and build companies. The Firm targets the lower middle-market, and generally pursues businesses with significant value creation potential, such as those found in partnerships, corporate carve-outs, divestitures and non-strategic businesses of larger companies. Prospective companies typically have revenue up to $500 million and are valued between $10 and $250 million. Sectors of interest include automotive, transportation, consumer products, aerospace/defense, distribution, financial services, healthcare, manufacturing, technology, and natural resources. Prophet Equity was founded in 2007 and is based in Southlake, Texas.

DEAL STATS #
Overall 12 of 18
Sector (Metals/Mining) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (North Carolina) 3 of 3
Country (United States) 12 of 18
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 Hatch Stamping

Chelsea, Michigan, United States

Hatch Stamping is a manufacturer of complex metal stampings and assemblies to the automotive industry. The company supplies the world’s leading manufacturers of fuel, braking, roofing, and interior automotive systems with complex safety critical metal components and mechanisms through its six manufacturing centers of excellence, including a state of the art facility in Queretaro, Mexico. Hatch Stamping was founded in 1952 and is based in Chelsea, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-26 Acton Mobile Industries

Baltimore, Maryland, United States

Acton Mobile Industries is a provider of modular space rental services. Acton maintains a fleet of over 10,000 modular units through 17 branches in 11 states. Acton provides leasing and related ancillary services such as site preparation, delivery, installation and maintenance.

Buy -
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