Add-on Acquisition • Chemicals

Stone Canyon Industries Acquires Kissner Milling Co.

On February 3, 2020, Stone Canyon Industries acquired chemicals company Kissner Milling Co. from Metalmark Capital and Silverhawk Capital Partners

Acquisition Context
  • This is Stone Canyon Industries’ 1st transaction in the Chemicals sector.
  • This is Stone Canyon Industries’ 1st transaction in Canada.
  • This is Stone Canyon Industries’ 1st transaction in Ontario.

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M&A Deal Summary

Date February 3, 2020
Target Kissner Milling Co.
Sector Chemicals
Buyer(s) Stone Canyon Industries
Sellers(s) Metalmark Capital
Silverhawk Capital Partners
Deal Type Add-on Acquisition

Target Company

Kissner Milling Co.

Cambridge, Ontario, Canada
Kissner Milling Co., Ltd. is a producer and distributor of bulk rock salt and packaged specialty deicing products across North America. Kissner was formed in 1878 and is based in Detroit, Michigan.
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Buyer Overview 1

Buyer

Stone Canyon Industries

Los Angeles, California, United States

Category Company
Sector Diversified
Revenue 3.5B USD (2017)
DESCRIPTION

Stone Canyon Industries is a global industrial holding company. Stone Canyon's family of companies are market leaders in mission-critical industries that improve lives around the world. The Company is headquartered in Los Angeles, California.


Deal Context for Buyer #
Overall 6 of 6
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 5 of 5
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Reddy Ice Holdings

Dallas, Texas, United States

Reddy Ice Holdings, Inc. is a manufacturer and distributor of packaged ice in the United States. The Company sells its products primarily under the widely known Reddy Ice® brand to a variety of customers in 37 states and the District of Columbia. Reddy Ice provides a broad array of product offerings in the marketplace through traditional direct store delivery, warehouse programs, and its proprietary technology, The Ice Factory®.

Buy -

Seller Profiles 2

SELLER

Metalmark Capital

New York, New York, United States

Category Private Equity Firm
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.


Deal Context for Seller #
Overall 38 of 40
Sector: Chemicals 4 of 5
Type: Add-on Acquisition 19 of 20
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2020 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-12 Reliance Gathering

Midland, Texas, United States

Reliance Gathering is a private oil and gas company focused on developing upstream and midstream assets. The Company has over 100,000 net acres in the Permian Basin, including approximately 40,000 net acres in the prolific Northern Midland Basin. Reliance Gathering is based in Midland, Texas.

Sell $356M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 Valagro

Atessa, Italy

Valagro SpA is a provider in the production and commercialization of biostimulants and specialty nutrients for use in agricultural production, lawns, gardening and various industrial applications. Valagro also produces special ingredients for animal feed, human food, and cosmetics. Valagro was established in 1980 and is based in Atessa, Italy.

Sell -
SELLER

Silverhawk Capital Partners

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Silverhawk Capital Partners is a private equity firm that targets recapitalizations of family owned business, acquisitions of divisions of larger corporations, and acquisitions of growth platform businesses. Sectors of interest include manufacturing, industrial products, chemicals, business services, distribution, data management, consumer services, energy, and natural resources. The Firm looks to invest $25 to $175 million of equity capital in companies valued up to $1 billion. Silverhawk Capital Partners was established in 2005 and has offices in Greenwich, Connecticut and Charlotte, North Carolina.


Deal Context for Seller #
Overall 5 of 5
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Incline Energy Partners

Dallas, Texas, United States

Incline Energy Partners is an oil and gas drilling company focused on the Niobrara share in northeast Colorado. Incline Energy Partners was established in 2018 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 K12 Coalition

Eagan, Minnesota, United States

K12 Coalition provides online professional development, continuing education, and master’s degree programs for K-12 teachers. K12 Coalition was established with the mission to help teachers advance their classroom skills and careers, while also improving student learning. K12 Coalition was founded in 2002 and is based in Eagan, Minnesota.

Buy -