M&A Deal Summary

Sumitomo Acquires Standard Steel

On June 27, 2011, Sumitomo acquired metals/mining company Standard Steel from Trimaran Capital Partners for 340M USD

Acquisition Highlights
  • This is Sumitomo’s 1st transaction in the Metals/Mining sector.
  • This is Sumitomo’s 4th largest (disclosed) transaction.
  • This is Sumitomo’s 2nd transaction in the United States.
  • This is Sumitomo’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2011-06-27
Target Standard Steel
Sector Metals/Mining
Buyer(s) Sumitomo
Sellers(s) Trimaran Capital Partners
Deal Type Add-on Acquisition
Deal Value 340M USD
Advisor(s) Credit Suisse Investment Banking (Financial)

Target

Standard Steel

Burnham, Pennsylvania, United States
Standard Steel LLC is an integrated manufacturer of steel wheels and axles for use in freight railcars, locomotives and passenger cars. Standard Steel is the only wheel manufacturer that uses the forging process, which produces wheels with superior wear characteristics compared with wheels that are manufactured using a casting process. Standard Steel was founded in 1795 and is based in Burnham, Pennsylvania.

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Buyer(S) 1

Buyer

Sumitomo

Tokyo, Japan
Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 5.50T JPY (2022)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.

DEAL STATS #
Overall 5 of 45
Sector (Metals/Mining) 1 of 4
Type (Add-on Acquisition) 2 of 23
State (Pennsylvania) 1 of 2
Country (United States) 2 of 13
Year (2011) 2 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-25 Oxford Finance

Alexandria, Virginia, United States

Oxford Finance is a lending institution with a long history of providing capital exclusively to life sciences and healthcare services companies throughout the world. We have a valued reputation for fairness and flexibility and have achieved success by building solid relationships with our many clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-09 United Cinemas

Minato-Ku, Japan

United Cinemas operates a system of 11 cineplex sites. United Cinemas was founded in 1999 and is based in Minato-Ku, Japan.

Sell -

Seller(S) 1

SELLER

Trimaran Capital Partners

New York, New York, United States

Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Trimaran Capital Partners is a middle-market private equity investor. The Firm seeks long-term capital appreciation by making privately negotiated equity or equity-oriented investments in niche middle-market companies. Trimaran generally looks to invest $25 to $100 million of equity in transactions ranging in value from $100 million to $1 billion. Sectors of interest include business services, financial services, energy, healthcare, manufacturing, and media. Trimaran Capital Partners was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 6 of 9
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 6 of 9
Year (2011) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-17 Charlie Brown s

Millburn, New Jersey, United States

Charlie Brown's Corporation operates steakhouse restaurants in Chatham, Denville, East Windsor, Edison, Lakewood, Maple Shade, Millburn, Old Tappan, Oradell, Scotch Plains, Silverton, Washington Township, Wayne, Westampton/Mount Holly, and Woodbury, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-04 Village Voice

New York, New York, United States

Village Voice LLC is a newsweekly publisher in the United States. Its publications provide analysis of local political and community events, thorough coverage of arts and entertainment, sharp editorial commentary and cartoons, and provide a voice for local residents on issues of concern that are not well-addressed by other media. Village Voice was founded in 1955 and is based in New York City.

Sell -
Mergr

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