Investment Summary

Gemini Investors and Socius Capital Exits Western Machine Works

On March 28, 2023, In-Place Machining invested in business services company Western Machine Works from Gemini Investors and Socius Capital

Investment Highlights
  • This is In-Place Machining’s 2nd transaction in the Business Services sector.
  • This is In-Place Machining’s 3rd transaction in the United States.
  • This is In-Place Machining’s 1st transaction in Oregon.

Investment Summary

Date 2023-03-28
Target Western Machine Works
Sector Business Services
Investor(s) In-Place Machining
Sellers(s) Gemini Investors
Socius Capital
Deal Type Add-on Acquisition

Target

Western Machine Works

Portland, Oregon, United States
Western Machine Works is a specialized industrial maintenance and repair business mainly serving large pulp and paper mills. Western Machine Works is a leader in the Pacific Northwest market for mechanical repair and refurbishment of rolls used in the paper manufacturing process. Western Machine Works was founded in 1985 and is based in Portland, Oregon.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

In-Place Machining

Milwaukee, Wisconsin, United States

Category Company
Founded 1976
Sector Machinery
DESCRIPTION

In-Place Machining is a provider of high-acuity field machining, metrology, and diamond wire-cutting services for mission-critical infrastructure and equipment. The Company’s services are an essential part of the maintenance, repair, and service cycle for clients across a variety of end-markets including industrial and manufacturing, naval and marine, hydroelectric, metals, and aerospace. In-Place Machining was founded in 1976 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Oregon M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 East Coast Metrology

Topsfield, Massachusetts, United States

East Coast Metrology is a provider of precision measurement services, specializing in 3D scanning and modeling, reverse engineering and design, training and certification, instrument calibrations, integration and alignment services. East Coast Metrology was founded in 2001 and is based in Topsfield, Massachusetts.

Buy -

Seller(S) 2

SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 47 of 53
Sector: Business Services M&A 6 of 7
Type: Add-on Acquisition M&A Deals 22 of 25
State: Oregon M&A 1 of 1
Country: United States M&A 47 of 53
Year: 2023 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Midwest Trading Group

Downers Grove, Illinois, United States

Midwest Trading Group is a niche designer, importer, and distributor of branded consumer products including cellular power accessories, audio electronics, health and wellness solutions, and kitchen items, among others. MTG’s products are sold primarily through the food, drug, and mass retail channels, counting as its customers several Fortune 50 companies. Midwest Trading Group is based in Downers Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-30 Dorsey School of Business

Madison Heights, Michigan, United States

Dorsey School of Business operates nine career schools in suburban Detroit. Dorsey offers career training school that prepares individuals for promising career opportunities, technology training, and certifications for the medical, culinary arts, skilled trades, and cosmetology fields. Dorsey School of Business was founded in 1934 and is based in Madison Heights, Michigan.

Sell -
DESCRIPTION

Socius Capital is lower middle-market private equity investor that targets stable, profitable businesses in the manufacturing, distribution, and services sectors. The Firm prefers opportunities in the Southern US with recurring business models, defensible barriers to entry, and non-cyclical revenue. Transaction situations include management buyouts, recapitalizations, shareholder liquidity needs, and growth capital financings. Socius Capital is based in Ketchum, Idaho.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Oregon M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 Pioneer Recycling Services

Tacoma, Washington, United States

Pioneer Recycling Services is an operator of non-hazardous recycling and solid waste company in the Pacific Northwest. Pioneer Recycling’s collections centers focus on providing reliable environmental services and solutions for commercial, industrial, municipal, and residential customers. Pioneer Recycling Services was founded in 2014 and is based in Tacoma, Washington.

Sell -