M&A Deal Summary

Speyside Equity Acquires Ashland Foundry & Machine Works

On May 1, 2017, private equity firm Speyside Equity acquired manufacturer Ashland Foundry & Machine Works

Acquisition Highlights
  • This is Speyside Equity’s 4th transaction in the Manufacturing sector.
  • This is Speyside Equity’s 10th transaction in the United States.
  • This is Speyside Equity’s 3rd transaction in Pennsylvania.

M&A Deal Summary

Date 2017-05-01
Target Ashland Foundry & Machine Works
Sector Manufacturing
Buyer(s) Speyside Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Ashland Foundry & Machine Works

Ashland, Pennsylvania, United States
Ashland Foundry & Machine Works is a manufacturer of complex, highly engineered Steel, Chrome Iron and High Alloy castings ranging in size from 50 pounds to 7,500 pounds primarily for OEM Pump manufacturers. Ashland Foundry & Machine Works was founded in 1881 and is based in Ashland, Pennsylvania.

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Buyer(S) 1

Buyer

Speyside Equity

Ann Arbor, Michigan, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Speyside Equity is a private equity firm focused on investments in traditional businesses with a history of profitability. Speyside generally looks for non-core divestitures from multinational businesses and will consider opportunities in the specialty chemicals, food/ingredients, and metal forming sectors. The Firm's geographic coverage includes North America and Western Europe. Speyside Equity was established in 2004 and is headquartered in Ann Arbor, Michigan.


DEAL STATS #
Overall 14 of 20
Sector: Manufacturing M&A 4 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 9
State: Pennsylvania M&A 3 of 4
Country: United States M&A 10 of 14
Year: 2017 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 Shanahan’s

Surrey, British Columbia, Canada

Shanahan’s is a distributor, manufacturer, and installer of hardware, hollow-metal doors and construction specialty products in Canada. The Company is also the exclusive Canadian distributor of ABUS security products and other third-party hardware, industrial/wood doors, and washroom accessories through its Hardware Agencies and Serrubec brands. Shanahan’s was founded in 1928 and is based in Surrey, British Columbia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-12 M&T Hardware

Vancouver, British Columbia, Canada

M&T Hardware is a manufacturer and value-added distributor of doors, frames, finishing hardware, construction specialty products and access control devices in Western Canada and the US Pacific Northwest. M&T Hardware was founded in 1963 and is based in Vancouver, British Columbia.

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