M&A Deal Summary

Saunders Midwest Acquires Midwest Products

On January 1, 2016, Saunders Midwest acquired consumer products company Midwest Products from Castleray Investments

Acquisition Highlights
  • This is Saunders Midwest’s 2nd transaction in the Consumer Products sector.
  • This is Saunders Midwest’s 2nd transaction in the United States.
  • This is Saunders Midwest’s 1st transaction in Indiana.

M&A Deal Summary
Date 2016-01-01
Target Midwest Products
Sector Consumer Products
Buyer(s) Saunders Midwest
Sellers(s) Castleray Investments
Deal Type Merger

Target

Midwest Products

Hobart, Indiana, United States
Midwest Products Co., Inc. is a manufacturer and distributor of model airplanes is now a leading worldwide supplier of high-quality raw materials, accessories, and kits to distributors and retailers. Midwest Products are used for leisure, educational purposes, and professional pursuits. Midwest Products Co. was founded in 1952 and is based in Hobart, Indiana.

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Buyer(S) 1

Buyer

Saunders Midwest

Chicago, Illinois, United States
Category Company
Sector Consumer Products
DESCRIPTION

Saunders Midwest is a consumer, business, and industrial products company. Saunders Midwest is an innovator of professional hand-tools, consumer, and office products for professional tradespeople, mobile workers, and arts & crafts enthusiasts. Saunders Midwest operates in two segments: Professional Hand-Tools and Consumer & Office Products. Saunders Midwest is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 2 of 2
Type (Merger) 2 of 2
State (Indiana) 1 of 1
Country (United States) 2 of 2
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Saunders Manufacturing

Readfield, Maine, United States

Saunders Manufacturing is a manufacturer of aluminum form holders and clipboards. Saunders products are specifically engineered for people who need to take their work with them and be productive away from their desks. Saunders Manufacturing is based in Readfield, Maine.

Buy -

Seller(S) 1

SELLER

Castleray Investments

Chicago, Illinois, United States
Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Castleray Investments LLC is a private investment holding firm that invests in lower middle market companies primarily located in North America. Castleray focuses on companies with strong middle management teams, diverse customers, revenues between $5 to $50 million and cash flow over $1 million. Castleray's specific areas of interest include consumer products, medical devices, electronics and law enforcement. The Firm will consider a variety of transaction types, including buyouts, recapitalizations, corporate spinoffs and distressed situations. Castleray Investments LLC was formed in 2002 and has offices in Texas and Illinois.

DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Merger) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Wolfgang Puck Worldwide

West Hollywood, California, United States

Wolfgang Puck Worldwide, Inc. provides custom catering services and event planning at selected Wolfgang Puck restaurants, preferred venues and client-designated destinations. Wolfgang Puck Worldwide was founded in 1986 and is based in West Hollywood, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 CIRS

Norfolk, Virginia, United States

CIRS is a medical device company that specializes in material science applications for the imaging diagnostics market. Customers include OEMs, hospitals, and research laboratories. CIRS products simulate human tissue response under CT, X-Ray, radiation, ultrasound, and MRI systems. CIRS is widely regarded as a worldwide leader in its field. CIRS was founded in 1983 and is based in Norfolk, Virginia.

Sell $54M
Mergr

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