M&A Deal Summary

Strato Transit Components Acquires Eagle Bridge Machine and Tool

On May 5, 2011, Strato Transit Components acquired metals/mining company Eagle Bridge Machine and Tool from Ironwood Capital and Stanwich Partners

Acquisition Highlights
  • This is Strato Transit Components’ 1st transaction in the Metals/Mining sector.
  • This is Strato Transit Components’ 1st transaction in the United States.
  • This is Strato Transit Components’ 1st transaction in New York.

M&A Deal Summary
Date 2011-05-05
Target Eagle Bridge Machine and Tool
Sector Metals/Mining
Buyer(s) Strato Transit Components
Sellers(s) Ironwood Capital
Stanwich Partners
Deal Type Add-on Acquisition

Target

Eagle Bridge Machine and Tool

Eagle Bridge, New York, United States
Eagle Bridge Machine and Tool, Inc. is a precision production machining business specializing in the machining of large castings.

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Buyer(S) 1

Buyer

Strato Transit Components

Eagle Bridge, New York, United States
Category Company
Sector Transportation
DESCRIPTION

Strato Transit Components, Inc. manufactures, develops and engineers a range of products for the railroad and transit industries.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 2

SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.

DEAL STATS #
Overall 6 of 53
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 5 of 32
State (New York) 1 of 3
Country (United States) 6 of 53
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-15 Floop

Woodbridge, Connecticut, United States

Floop is a real-time interactive social network for mobile, iPad, and the web that lets users express opinions and see what their friends and the world think. Floop was founded in 2010 and is based in Woodbridge, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-06 NELS

Milford, Connecticut, United States

NELS rents and sells textile and linen products to Northeastern foodservice companies. The Company offers a broad line of garments, table linens and other related products to organizations seeking convenient, cost effective linen products. The Company also provides logo design, image programs, and party rental linens for catering departments. NELS is based in Milford, Connecticut.

Buy $7M
SELLER

Stanwich Partners

Wilton, Connecticut, United States

Investor

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Stanwich Partners LLC is a private equity firm focused on acquiring small to middle-market manufacturing and value-added distribution companies. Stanwich has a particular interest in family owned companies and corporate divestitures. Stanwich looks for opportunities valued between $5 and $35 million. Target companies typically have annual revenues of $5 to $75 million and at least $1 million of EBITDA. Stanwich prefers businesses located in the Eastern US. Stanwich will not invest in start-ups, real estate, companies dependent on emerging technologies, or significant generators of chemical waste. Stanwich Partners was formed in 1982 and is based in Wilton, Connecticut.

DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-06 Micro Precision

South Windham, Connecticut, United States

Micro Precision is a tier-one Level 1/Sub-Safe supplier of critical components for the U.S. Navy’s Virginia and Columbia class submarines. Micro Precision was founded in 1981 and is based in South Windham, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-16 Micro Precision

South Windham, Connecticut, United States

Micro Precision is a tier-one Level 1/Sub-Safe supplier of critical components for the U.S. Navy’s Virginia and Columbia class submarines. Micro Precision was founded in 1981 and is based in South Windham, Connecticut.

Sell -
Mergr

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