M&A Deal Summary

RTI International Metals Acquires Remmele Engineering

On March 13, 2012, RTI International Metals acquired machinery company Remmele Engineering from Goldner Hawn Johnson & Morrison for 182M USD

Acquisition Highlights
  • This is RTI International Metals’ 1st transaction in the Machinery sector.
  • This is RTI International Metals’ largest (disclosed) transaction.
  • This is RTI International Metals’ 1st transaction in the United States.
  • This is RTI International Metals’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2012-03-13
Target Remmele Engineering
Sector Machinery
Buyer(s) RTI International Metals
Sellers(s) Goldner Hawn Johnson & Morrison
Deal Type Add-on Acquisition
Deal Value 182M USD
Advisor(s) Greene Holcomb & Fisher LLC (Financial)
Faegre Baker Daniels LLP (Legal)

Target

Remmele Engineering

New Brighton, Minnesota, United States
Remmele Engineering, Inc. is a provider in the design and production of highly engineered, precision-manufactured components and complex automated assembly systems. Remmele Engineering has grown to become a provider of highly complex and close tolerance parts, tooling and assembly systems for some of the largest companies in the pharmaceutical, medical, aerospace and defense industries.

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Buyer(S) 1

Buyer

RTI International Metals

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1951
Sector Metals/Mining
Employees2,437
Revenue 783M USD (2013)
DESCRIPTION

RTI International Metals, Inc. is a provider of titanium and specialty metals products and services to commercial aerospace, defense, energy, medical device and other customers. RTI has been taking titanium further through advanced manufacturing, engineering, machining, and forming processes. RTI delivers titanium mill products, extruded shapes, formed and 3D-printed parts, and highly engineered precision-machined components through its downstream integrated supply chain.


DEAL STATS #
Overall 3 of 6
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Minnesota) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-18 Aeromet - Titanium Forming Division

Welwyn Garden City, United Kingdom

Aeromet's Titanium Forming Division engages in hot forming, super plastic forming, diffusion bonding and fabrication of titanium sheet and plate for the aerospace and defense markets.

Buy $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Osborn Steel Extrusions

Bradford, United Kingdom

Osborn Steel Extrusions Ltd. specializes in the manufacture of less than 6 inch diameter extruded titanium and stainless steel hollows and near-net shape profile parts. It provides its products principally to commercial aerospace, energy, power generation and defense market customers.

Buy $15M

Seller(S) 1

SELLER

Goldner Hawn Johnson & Morrison

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Goldner Hawn Johnson & Morrison (GHJ&M) is a private equity firm that targets middle market companies in the Midwest US. GHJ&M generally looks for businesses valued between $20 and $150 million and looks to invest between $10 to $25 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. GHJ&M prefers control investments, but in certain instances, the Firm will also consider minority positions. GHJ&M was formed in 1989 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 18 of 33
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 12 of 16
State (Minnesota) 7 of 11
Country (United States) 18 of 33
Year (2012) 1 of 2
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-06 Union Metal Corp

Canton, Ohio, United States

Union Metal Corp. is a street lighting metal frame manufacturer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 Imperial Plastics

Lakeville, Minnesota, United States

Imperial Plastics is a contract injection molder specializing in the production of highly engineered plastic components. Imperial Plastics was founded in 1968 and is based in Lakeville. Minnesota.

Buy -