M&A Deal Summary

Shorehill Capital Acquires Meister

On February 1, 2023, private equity firm Shorehill Capital acquired distribution company Meister

Acquisition Highlights
  • This is Shorehill Capital’s 3rd transaction in the Distribution sector.
  • This is Shorehill Capital’s 7th transaction in the United States.
  • This is Shorehill Capital’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2023-02-01
Target Meister
Sector Distribution
Buyer(s) Shorehill Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Meister

North Bend, Ohio, United States
Meister is distributing high-quality porcelain insulators and porcelain bushings to Original Equipment Manufacturers (OEMs) and users of switchgear, transformers, and bus-duct. Meister was founded in 2003 and is based in North Bend, Ohio.

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Buyer(S) 1

Buyer

Shorehill Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Shorehill Capital is a private equity firm focused on acquiring well-run companies with room for improvement. The Firm seeks companies operating in the engineered products, industrial services, and distribution sectors and will consider opportunities throughout North America. Shorehill prefers profitable businesses with $3 to $15 million of EBITDA. Shorehill Capital is based in Chicago, Illinois.

DEAL STATS #
Overall 7 of 7
Sector (Distribution) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Ohio) 2 of 2
Country (United States) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 Belt Power

Marietta, Georgia, United States

Belt Power is a distributor and fabricator of conveyor belts, belting accessories, conveyer components as well as a full line of rubber, hose and gasket products. The company's primary customers are in the food processing markets. Belt Power was founded in 1989 and is based in Marietta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Power Grid Components

Bessemer, Alabama, United States

Power Grid Components was formed to acquire companies that supply products used in the North American electric power grid. The company supplies high-quality porcelain, glass, and polymer insulators, as well as instrument transformers for revenue metering and protective relaying to electric utilities, substation manufacturers, and other customers who support the grid. Power Grid Components is based in Bessemer, Alabama.

Sell -
Mergr

Product

Company

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