M&A Deal Summary

Resilience Capital Partners Acquires Steel Parts Manufacturing Inc

On December 6, 2006, private equity firm Resilience Capital Partners acquired metals/mining company Steel Parts Manufacturing Inc

Acquisition Highlights
  • This is Resilience Capital Partners’ 1st transaction in the Metals/Mining sector.
  • This is Resilience Capital Partners’ 9th transaction in the United States.
  • This is Resilience Capital Partners’ 2nd transaction in Indiana.
Investment Fate
  • Steel Parts Manufacturing Inc was sold to a consortium of financial buyers in 2011.
  • Steel Parts Manufacturing Inc was sold to a strategic buyer in 2012.

M&A Deal Summary

Date 2006-12-06
Target Steel Parts Manufacturing Inc
Sector Metals/Mining
Buyer(s) Resilience Capital Partners
Deal Type Special Situations/Distressed

Target

Steel Parts Manufacturing Inc

Tipton, Indiana, United States
Steel Parts Manufacturing, Inc. is a manufacturer of components for automotive transmissions and other motion applications. The company manufactures precision components for transmissions in the automotive and heavy-duty markets, along with products for suspension systems, heavy-duty brake programs and steering applications. Headquartered in Tipton, Indiana,

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Buyer(S) 1

Buyer

Resilience Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 675M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Resilience Capital Partners is a private equity firm focused on investing in lower middle-market underperforming and turnaround situations. Resilience targets non-core divisions or subsidiaries, companies with severe operational issues, businesses suffering from insufficient management focus, and privately held companies with lack of access to capital. Sectors of interest include niche manufacturing, specialty chemicals, and industrial services. Prospective companies are generally located in North America with $25 to $250 million in revenue, and EBITDA typically under $20 million. Resilience Capital Partners was formed in 2001 and is located in Cleveland, Ohio.


DEAL STATS #
Overall 9 of 41
Sector: Metals/Mining M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 4 of 4
State: Indiana M&A 2 of 3
Country: United States M&A 9 of 40
Year: 2006 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-03 ChemDesign Products

Marinette, Wisconsin, United States

ChemDesign Products is an independent custom specialty and fine chemicals manufacturing specialist. ChemDesign Products was founded in 1983 and is based in Marinette, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-02 The PendaForm Co.

Portage, Wisconsin, United States

The PendaForm Co. is a heavy gauge thermoformer in North America supplying automotive, industrial and consumer markets with diversified products including automotive and heavy truck components, pickup truck accessories, custom designed packaging solutions, as well as erosion control, irrigation and large surface containment solution for drilling sites. The PendaForm Co. is based in Portage, Wisconsin.

Buy -