M&A Deal Summary

Salem Investment Partners and Daboosh Investments Acquire Mason Steel

On May 1, 2017, mezzanine finance firm Salem Investment Partners and private equity firm Daboosh Investments acquired building materials company Mason Steel

Acquisition Highlights
  • This is Salem Investment Partners’ 2nd and Daboosh Investments’ 1st transaction in the Building Materials sector.
  • This is Salem Investment Partners’ 44th and Daboosh Investments’ 1st transaction in the United States.
  • This is Salem Investment Partners’ 3rd and Daboosh Investments’ 1st transaction in Ohio.

M&A Deal Summary

Date 2017-05-01
Target Mason Steel
Sector Building Materials
Buyer(s) Salem Investment Partners
Daboosh Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Mason Steel

Walton Hills, Ohio, United States
Mason Steel provides masonry, hearth, and outdoor living building products, as well as commercial and residential structural steel fabrication and erecting services. Mason Steel was established in 1958 and is based in Walton Hills, Ohio.

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Buyer(S) 2

DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 44 of 58
Sector: Building Materials M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 31 of 41
State: Ohio M&A 3 of 3
Country: United States M&A 44 of 58
Year: 2017 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Himalayan Handmade Candles

Duluth, Georgia, United States

Himalayan Handmade Candles is a manufacturer of fragranced candles in reusable original containers. Himalayan candles are poured using artisan techniques with a natural soy wax blend and high quality essential and fragrance oils. They will burn exceptionally well a clean even burn with minimal sooting, leaving little to no residue and a lingering fragrance. Himalayan Handmade Candles is based in Duluth, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 BW Manufacturing

Comstock Park, Michigan, United States

BW Manufacturing is a manufacturer of concrete flooring equipment and industrial vacuums for the building, restoration, and maintenance industries, as well as utility and manufacturing plants. The company's products are used primarily in the construction and restoration of bridge decks, roads, and commercial facilities such as warehouses. BW Manufacturing was founded in 1996 and is based in Comstock Park, Michigan.

Buy -
DESCRIPTION

Daboosh Investments is a private investment firm focused on acquiring lower middle-market companies in the Midwest US. Daboosh Investments was formed in 2009 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 1 of 3
Sector: Building Materials M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Generx Generators

Oldsmar, Florida, United States

Generx Generators provides residential homeowners and businesses with all their standby electric power solutions that sell, install, service, and maintain Generx generators. Generx Generators was established in 2005 and is based in Oldsmar, Florida.

Buy -