M&A Deal Summary

PSM Industries Acquires PM Engineered Solutions

On October 5, 2012, PSM Industries acquired engineering company PM Engineered Solutions from Longroad Asset Management

Acquisition Highlights
  • This is PSM Industries’ 1st transaction in the Engineering sector.
  • This is PSM Industries’ 1st transaction in the United States.
  • This is PSM Industries’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2012-10-05
Target PM Engineered Solutions
Sector Engineering
Buyer(s) PSM Industries
Sellers(s) Longroad Asset Management
Deal Type Add-on Acquisition

Target

PM Engineered Solutions

Watertown, Connecticut, United States
PM Engineered Solutions, Inc. is a provider of precision powdered metal, thermoset and thermoplastic component parts and assemblies. It specializes in manufacturing custom powdered metal and plastic parts for the business machine markets, power hand tools, industrial controls, automotive and appliances.

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Buyer(S) 1

Buyer

PSM Industries

Los Angeles, California, United States
Category Company
Founded 1956
Sector Metals/Mining
DESCRIPTION

PSM Industries, Inc. is a manufacturer of metal parts and components.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

Longroad Asset Management

Stamford, Connecticut, United States
Category Distressed Investor
Founded 2001
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Longroad Asset Management is a special situations private equity firm focused on troubled companies located within the United States or Canada. The firm seeks to invest in middle market companies across a wide range of industries with revenues between $30 million to $500 million. The firm typically commits between $5 million to $50 million per investment. Companies targeted may be in deep financial distress, in or near bankruptcy, operationally under-performing businesses, companies experiencing downturns in business or economic cycles and orphan businesses including divestitures, spin-offs or carve-outs. Longroad Asset Management was formed in 2001 based in Stamford, Connecticut and has office in Austin, Texas.

DEAL STATS #
Overall 8 of 12
Sector (Engineering) 1 of 2
Type (Add-on Acquisition) 3 of 4
State (Connecticut) 1 of 2
Country (United States) 4 of 7
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-11 Broad Street Tank Holdings

Elma, Washington, United States

Broad Street Tank Holdings, Inc, and its wholly owned subsidiaries, BMT, BMT-Northwest and Graver Tank Company design and manufacture shop and field erected storage tanks, environmental products, structured steel and fabrication products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-18 The Plumbline Group of

Calgary, Alberta, Canada

Plumb-Line Group of Companies is based in Calgary, AB. It consists of five operating entities: Con Forte, Asty, Sas-Can, Four Star and PLG Residential. The Company’s five divisions provide concrete and masonry solutions as well as a range of construction services to the commercial, institutional, civil, and residential construction sectors in Alberta, Canada. Plumb-Line has worked on a diverse range of projects, including shopping centers, educational facilities, airports, hospitals, recreation facilities, commercial centers, industrial facilities, multi-family condominiums and apartments, office buildings, and civil structures such as bridges, sidewalks, curbs, and gutters.

Sell -
Mergr

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Company

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