M&A Deal Summary

Stratford-Cambridge Group and Canal Holdings Acquire Speedgrip Chuck

On December 16, 2015, private equity firm Stratford-Cambridge Group and mezzanine finance firm Canal Holdings acquired manufacturer Speedgrip Chuck

Acquisition Highlights
  • This is Stratford-Cambridge Group’s 1st and Canal Holdings’ 1st transaction in the Manufacturing sector.
  • This is Stratford-Cambridge Group’s 1st and Canal Holdings’ 8th transaction in the United States.
  • This is Stratford-Cambridge Group’s 1st and Canal Holdings’ 1st transaction in Indiana.

M&A Deal Summary
Date 2015-12-16
Target Speedgrip Chuck
Sector Manufacturing
Buyer(s) Stratford-Cambridge Group
Canal Holdings
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Charter Capital Partners (Financial)

Target

Speedgrip Chuck

Elkhart, Indiana, United States
Speedgrip Chuck is a designer and manufacturer of highly engineered work holding mechanisms. Speedgrip offerings include the design and manufacture of a full line of internal and external gripping collet chucks, diaphragm chucks, and between center mandrels. Offerings through the Cameron and Madison Face Driver brands include the design and manufacturing of custom internal and external hydraulic chucks and arbors. Speedgrip Chuck was founded in 1946 and is based in Elkhart, Indiana.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

Stratford-Cambridge Group

Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Stratford-Cambridge Group is a private equity firm focused on acquisitions of lower-middle market companies operating in basic industries. The Firm targets profitable businesses in the Midwest US with $1 to $5 million of EBITDa. Industries of interest include niche manufacturing, engineered products/services, and valued-added distribution in the industrial sector. Prospective transaction situations include buyouts of closely held companies, corporate divestitures, and recapitalizations. Stratford-Cambridge Group was established in 2009 and is headquartered in Plymouth, Michigan.

DEAL STATS #
Overall 1 of 5
Sector (Manufacturing) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (Indiana) 1 of 1
Country (United States) 1 of 5
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Aetna

Livonia, Michigan, United States

Aetna is a manufacturer of bearing assemblies for the agricultural, industrial, and automotive markets. Products include ball thrust bearings, idler sprockets and pulleys, clutch release bearings, and other specialty bearings and assemblies. Aetna was founded in 1916 and is based in Livonia, Michigan.

Buy -
Buyer

Canal Holdings

Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 35M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Canal Holdings is a private equity firm investing junior capital (subordinated debt and minority equity) in growing businesses at the smaller end of the middle-market. Canal provides investment capital and strategic insight to the owners and management teams of closely held companies. Companies seek Canal’s investment to finance growth, acquisitions, buy?outs and recapitalizations. Canal looks to invest with independent sponsors and experienced management teams. Canal Holdings was formed in 2005 and is headquartered in Twinsburg, Ohio.

DEAL STATS #
Overall 8 of 9
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Indiana) 1 of 1
Country (United States) 8 of 9
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 VSI Global

Cleveland, Ohio, United States

VSI Global is a provider of floor care equipment re-manufacturing and management services. VSI facilities Cleaning and Disinfecting Equipment Repair, Fleet Management & Maintenance, including vacuums, large cleaning equipment, and electrostatic sprayers. VSI Global was founded in 1994 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Advantage RN

West Chester, Ohio, United States

Advantage RN LLC is an independent Healthcare staffing company employing RN’s and other healthcare professionals for travel assignments at hospitals and other medical facilities across the country. Advantage RN is based in West Chester, Ohio.

Sell -
Mergr

Product

Company

Legal