M&A Deal Summary

Stellex Capital Management Acquires McConway & Torley

On August 5, 2024, private equity firm Stellex Capital Management acquired manufacturer McConway & Torley from Arcosa

Acquisition Highlights
  • This is Stellex Capital Management’s 4th transaction in the Manufacturing sector.
  • This is Stellex Capital Management’s 22nd transaction in the United States.
  • This is Stellex Capital Management’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2024-08-05
Target McConway & Torley
Sector Manufacturing
Buyer(s) Stellex Capital Management
Sellers(s) Arcosa
Deal Type Divestiture

Target

McConway & Torley

Pittsburgh, Pennsylvania, United States
McConway & Torley manufactures cast, forged, and machined products for rail and industrial customers across its three facilities. McConway & Torley was formed in 1869 and is based in Pittsburgh, Pennsylvania.

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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 27 of 28
Sector (Manufacturing) 4 of 4
Type (Divestiture) 7 of 7
State (Pennsylvania) 2 of 2
Country (United States) 22 of 22
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Standard Forged Products

McKees Rocks, Pennsylvania, United States

Standard Forged Products manufactures Programmable Logic Controllers controlled forging machines and heat treat furnaces. Standard Forged Products is based in McKees Rocks, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-20 Fox Group

Lancashire, United Kingdom

Fox Group providing services to the construction and infrastructure industry across the UK, including muck-away, haulage of aggregates, production of recycled aggregates, waste recycling, quarry operations, and ready-mix concrete production. Fox Group was founded in 1932 and is based in Lancashire, United Kingdom.

Buy -

Seller(S) 1

SELLER

Arcosa

Dallas, Texas, United States
Category Company
Founded 2018
Sector Building Materials
Employees6,075
Revenue 2.3B USD (2023)
DESCRIPTION

Arcosa is a manufacturer of infrastructure-related products and services with leading positions in construction, energy, and transportation markets. Arcosa reports its financial results in three principal business segments: the Construction Products Group, the Energy Equipment Group, and the Transportation Products Group. Arcosa was founded in 2018 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Divestiture) 2 of 2
State (Pennsylvania) 2 of 2
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Standard Forged Products

McKees Rocks, Pennsylvania, United States

Standard Forged Products manufactures Programmable Logic Controllers controlled forging machines and heat treat furnaces. Standard Forged Products is based in McKees Rocks, Pennsylvania.

Sell -
Mergr

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