M&A Deal Summary

Stellex Capital Management Acquires Continental Global Material Handling

On March 31, 2021, private equity firm Stellex Capital Management acquired machinery company Continental Global Material Handling from Komatsu Mining

Acquisition Highlights
  • This is Stellex Capital Management’s 3rd transaction in the Machinery sector.
  • This is Stellex Capital Management’s 11th transaction in the United States.
  • This is Stellex Capital Management’s 1st transaction in Alabama.

M&A Deal Summary
Date 2021-03-31
Target Continental Global Material Handling
Sector Machinery
Buyer(s) Stellex Capital Management
Sellers(s) Komatsu Mining
Deal Type Divestiture

Target

Continental Global Material Handling

Winfield, Alabama, United States
Continental Global Material Handling is a designer and manufacturer of material handling conveyor systems and components used in a variety of industrial end markets, including metals and mining, industrial processing, and aggregates. CGMH operates out of two manufacturing facilities: a ~240,000 sq. ft. facility in Winfield, Alabama and a ~65,000 sq. ft. facility in Somersby, Australia.

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Buyer(S) 1

Buyer

Stellex Capital Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.

DEAL STATS #
Overall 14 of 28
Sector (Machinery) 3 of 4
Type (Divestiture) 2 of 7
State (Alabama) 1 of 2
Country (United States) 11 of 22
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Weber Logistics

Santa Fe Springs, California, United States

Weber Logistics is a third-party logistics company that speeds port-to-market distribution by integrating drayage, warehousing, and final delivery into a single logistics solution. With 15 high-velocity California warehouses and its own regional truck fleet, Weber has become a leading provider of flexible, high-quality distribution solutions. Weber Logistics is based in Santa Fe Springs, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Custom Made Meals

Denver, Colorado, United States

Custom Made Meals is a manufacturer of fresh, oven-ready, value-added entrees and appetizers sold in more than 6,000 retail grocery locations nationwide. Custom Made Meals was established in 2009 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Komatsu Mining

Milwaukee, Wisconsin, United States
Category Company
Founded 1884
Sector Machinery
Employees13,400
Revenue 3.2B USD (2015)
DESCRIPTION

Komatsu Mining is a producer of high-productivity mining solutions. The Company manufactures and markets original equipment and aftermarket parts and services for the mining sector. Joy Global's products and related services are used extensively for the mining of coal, copper, iron ore, oil sands, gold, and other mineral resources. Komatsu Mining was formerly known as Joy Global. The Company was established in 1884 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 4 of 4
Sector (Machinery) 1 of 1
Type (Divestiture) 4 of 4
State (Alabama) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Timberock International

Elliot Lake, Ontario, Canada

Timberock International Ltd. is a provider of rock drilling and bolting solutions for mining customers. Timberock International is based in Elliot Lake, Ontario.

Buy -
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