M&A Deal Summary

Steel Technologies Acquires EIMCo

On October 1, 2023, Steel Technologies acquired machinery company EIMCo from Stone Arch Capital

Acquisition Highlights
  • This is Steel Technologies’ 1st transaction in the Machinery sector.
  • This is Steel Technologies’ 2nd transaction in the United States.
  • This is Steel Technologies’ 1st transaction in Iowa.

M&A Deal Summary

Date 2023-10-01
Target EIMCo
Sector Machinery
Buyer(s) Steel Technologies
Sellers(s) Stone Arch Capital
Deal Type Add-on Acquisition

Target

EIMCo

Farley, Iowa, United States
EIMCo is a manufacturer of metal components and assembled products predominantly used in agricultural, industrial, housing, heavy construction, and food processing applications. EIMCo was founded in 1992 and is based in Farley, Iowa.

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Buyer(S) 1

Buyer

Steel Technologies

Louisville, Kentucky, United States

Category Company
Founded 1971
Sector Metals/Mining
Employees1,013
DESCRIPTION

Steel Technologies LLC is a manufacturer of flat-rolled steel products.


DEAL STATS #
Overall 2 of 2
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Iowa M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 Stripco Express

Mishawaka, Indiana, United States

Stripco Express, Inc. is a processes steel company including pickling, slitting, cold rolling, annealing, oscillating, and edging.

Buy -

Seller(S) 1

SELLER

Stone Arch Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 259M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stone Arch Capital is a private equity firm focused on lower middle market companies operating in the Midwest US. The firm pursues established companies valued from $25 to $125 million with EBITDA between $5 and $30 million. Target companies generally have 'protectable market positions', strong management in place, diverse customer bases, and 'predictable capital intensity'. Stone Arch will consider opportunities in a wide variety of manufacturing and service industries, excluding real estate, technology, and commodity industries. Typical equity investment range between $10 and $25 million. Stone Arch Capital was formed in 2003 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 13 of 13
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Iowa M&A 2 of 2
Country: United States M&A 12 of 12
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 Bulk Lift International

St. Charles, Illinois, United States

Bulk Lift International is a manufacturer and supplier of customized flexible intermediate bulk containers, bulk bags, totes, small packaging, and dry bulk container liners serving the chemical, food, minerals, agriculture, waste, and pharmaceuticals markets. Bulk Lift International was founded in 1978 and is based in St. Charles, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Stueve Construction

Algona, Iowa, United States

Stueve Construction is a design, engineering, and construction firm focused primarily on the construction of dry fertilizer storage facilities. Stueve Construction was founded in 1958 and is based in Algona, Iowa.

Buy -