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M&A Deal Summary

ProVeyance Acquires Woodsage

On September 22, 2022, ProVeyance acquired metals/mining company Woodsage from Milton Street Capital

Acquisition Highlights
  • This is ProVeyance’s 1st transaction in the Metals/Mining sector.
  • This is ProVeyance’s 2nd transaction in the United States.
  • This is ProVeyance’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2022-09-22
Target Woodsage
Sector Metals/Mining
Buyer(s) ProVeyance
Sellers(s) Milton Street Capital
Deal Type Add-on Acquisition

Target

Woodsage

Holland, Ohio, United States
Woodsage manufactures and markets specialty steel rollers and other components used in conveyor system solutions across the material handling industry. Woodsage was founded in 1975 and is based in Holland, Ohio.

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Buyer(S) 1

Buyer

ProVeyance

Holland, Ohio, United States
Category Company
Sector Manufacturing
DESCRIPTION

ProVeyance is a manufacturer of advanced conveyance components and subsystems for package and material handling applications through two branded companies. ProVeyance is based in Holland, Ohio.

DEAL STATS #
Overall 2 of 2
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Ohio M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Ashland Conveyor Products

Ashland, Ohio, United States

Ashland Conveyor Products is a manufacturer and provider of conveyor systems and related parts and accessories. The Company manufactures a complete offering of conveyor systems, including i) gravity conveyor systems, which consist of roller, skatewheel, and telescoping conveyors, and ii) power conveyors, which include power belt and chain-driven live roller conveyors. Ashland Conveyor also provides a significant variety of accessories and replacement parts. Serving hundreds of customers per year, Ashland Conveyor’s material handling customer base spans a variety of markets, including e-commerce order fulfillment, distribution, and retail. Ashland Conveyor Products was founded in 1987 and is based in Ashland, Ohio.

Buy -

Seller(S) 1

SELLER

Milton Street Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
PE ASSETS 1.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Milton Street Capital is a private equity firm focused on acquiring profitable, middle-market industrial companies throughout North America. Prospective transaction types include family owned buyouts, corporate divestitures, and complex situations. The Firm looks to be a hands-on partner, working with management to transform and improve investee companies. Milton Street Capital was established in 2016 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 3
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Ohio M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 ProVeyance

Holland, Ohio, United States

ProVeyance is a manufacturer of advanced conveyance components and subsystems for package and material handling applications through two branded companies. ProVeyance is based in Holland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Purge Rite

Willis, Texas, United States

PurgeRite provides mechanical flushing, purging, and remediation services for closed-loop hydronic HVAC and geothermal systems. The Company works with industries such as data centers, healthcare, industrial facilities, and district energy providers to ensure system efficiency and cleanliness. PurgeRite was founded in 2008 and is headquartered in Willis, Texas.

Buy -
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