Buyout (LBO, MBO, MBI) • Metals/Mining

Summit Equity Group Acquires CAI Custom Alloys

On August 9, 2022, private equity firm Summit Equity Group acquired metals/mining company CAI Custom Alloys

Acquisition Context
  • This is Summit Equity Group’s 1st transaction in the Metals/Mining sector.
  • This is Summit Equity Group’s 6th transaction in the United States.
  • This is Summit Equity Group’s 1st transaction in Illinois.

Explore All 266 Buyout (LBO, MBO, MBI) Metals/Mining Deals - Search the Database Free


M&A Deal Summary

Date August 9, 2022
Target CAI Custom Alloys
Sector Metals/Mining
Buyer(s) Summit Equity Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Dresner Partners (Financial)

Target Company

CAI Custom Alloys

Belvidere, Illinois, United States
CAI Custom Alloys is a quality driven processor of aerospace, high temperature and industrial alloys and metals. CAI Custom Alloys supply fully prepared scrap alloys, pure metals, and raw materials for vacuum and air melt applications. All products are individually sorted and analyzed for the greatest accuracy. CAI Custom Alloys was founded in 2009 and is based in Belvidere, Illinois.
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Buyer Overview 1

Buyer

Summit Equity Group

Des Moines, Iowa, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Summit Equity Group is a private investment group focused on acquiring small to medium-sized private companies with the potential to grow through new ownership. Summit looks for profitable businesses $4 to $12 million of EBITDA and generating $20 to $75 million in revenue. Summit is a generalist investor, but has a preference for companies in basic industries such as manufacturing, value-added distribution, or business services. Summit Equity was formed in 2004 and is based in Des Moines, Iowa.


Deal Context for Buyer #
Overall 6 of 7
Sector: Metals/Mining 1 of 1
Type: Buyout (LBO, MBO, MBI) 5 of 5
State: Illinois 1 of 1
Country: United States 6 of 7
Year: 2022 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Valley Machining

Rock Valley, Iowa, United States

Valley Machining supplies precision screw machine products, CNC lathe and CNC mill products and assemblies across North America and exports around the world. Valley Machining was founded in 1980 and is based in Rock Valley, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 Manitowoc Tool & Machining

Manitowoc, Wisconsin, United States

Manitowoc Tool & Machining is a midwestern manufacturer that produces a wide variety of precision machined parts sold primarily to industrial equipment manufacturing companies. Manitowoc Tool & Machining was founded in 1965 and is based in Manitowoc, Wisconsin.

Buy -