M&A Deal Summary

Standard Locknut Acquires Miether Bearing Products

On January 1, 2016, Standard Locknut acquired metals/mining company Miether Bearing Products from Industrial Group Holdings

Acquisition Highlights
  • This is Standard Locknut’s 1st transaction in the Metals/Mining sector.
  • This is Standard Locknut’s 1st transaction in the United States.
  • This is Standard Locknut’s 1st transaction in Texas.

M&A Deal Summary
Date 2016-01-01
Target Miether Bearing Products
Sector Metals/Mining
Buyer(s) Standard Locknut
Sellers(s) Industrial Group Holdings
Deal Type Merger

Target

Miether Bearing Products

West Odessa, Texas, United States
Miether Bearing Products LLC manufactures large diameter specialty bearing housings, seals and accessories. Miether sells its products into the mining and industrial sectors. Miether Bearing Products was founed in 1934 and is based in West Odessa, Texas.

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Buyer(S) 1

Buyer

Standard Locknut

Westfield, Indiana, United States
Category Company
Founded 1948
Sector Manufacturing
DESCRIPTION

Standard Locknut is a manufacturer of specialized bearing accessories and also provides contract machining services. Standard Locknut was founded in 1948 and is based in Westfield, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Industrial Group Holdings

United States
Category Company
Founded 2014
Sector Manufacturing
DESCRIPTION

Industrial Group Holdings is a holding company that holds the following businesses Ehrhardt Tool & Machine, LLC, Haysite Reinforced Plastics, LLC, John Wood Company, LLC, Miether Bearing Products, LLC, Miller Chemical & Fertilizer, LLC, Modern Equipment Company, LLC, and Synthane-Taylor (Canada) Ltd. Industrial Group Holdings was founded in 2014 and is based in the United States.

DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Standard Locknut

Westfield, Indiana, United States

Standard Locknut is a manufacturer of specialized bearing accessories and also provides contract machining services. Standard Locknut was founded in 1948 and is based in Westfield, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 MultiSource Manufacturing

Minnetonka, Minnesota, United States

MultiSource Manufacturing LLC is a provider of precision machining and assembly solutions to leading original equipment manufacturers in the medical, aerospace, food and industrial end markets. MultiSource Manufacturing was founded in 1998 and is based in Minnetonka, Minnesota.

Buy -
Mergr

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