M&A Deal Summary

Tinicum Capital Partners Acquires STS Metals

On August 28, 2019, private equity firm Tinicum Capital Partners acquired metals/mining company STS Metals from Platte River Equity

Acquisition Highlights
  • This is Tinicum Capital Partners’ 2nd transaction in the Metals/Mining sector.
  • This is Tinicum Capital Partners’ 38th transaction in the United States.
  • This is Tinicum Capital Partners’ 4th transaction in California.

M&A Deal Summary
Date 2019-08-28
Target STS Metals
Sector Metals/Mining
Buyer(s) Tinicum Capital Partners
Sellers(s) Platte River Equity
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)

Target

STS Metals

Irwindale, California, United States
STS Metals manufactures and supplies forged and rolled titanium, stainless steel products, and other specialty alloys for the commercial aerospace, defense, medical, energy and industrial sectors. STS Metals specializes in flat and round bar and plate products, as well as hot rolling, forging, conditioning, heat-treating, and machining. STS Metals was founded in 2011 and is based in Irwindale, California.

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Buyer(S) 1

Buyer

Tinicum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tinicum Capital Partners is a private equity group that seeks to acquire control of companies through acquisitions or restructurings or to take minority stakes in public or private companies through equity or debt securities. Tinicum's target equity investment size is between $30 and $150 million per transaction. Sectors of interest include aerospace; HVAC components; medical devices; financial services; specialty industrial products or components; pumps, valves and other process control equipment; specialty machinery; electrical equipment; motors and motion control equipment; specialty metals/magnetics; and media/advertising. The Firm will not consider investments in venture capital, real estate, or unproven technology. Tinicum was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 41 of 47
Sector (Metals/Mining) 2 of 2
Type (Secondary Buyout) 2 of 2
State (California) 4 of 5
Country (United States) 38 of 43
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Ashby Street Outdoor Holdings

Fayetteville, Arizona, United States

Ashby Street Outdoor Holdings LLC is an outdoor advertising company. Ashby Street operates 91 LED displays with fully automated content management and scheduling. Ashby Street Outdoor Holdings LLC was founded in 2011 and is based in Fayetteville, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 Pontos

New York, New York, United States

Pontos is an investment management company to de-risk sustainable capital in the global aquaculture, seafood and marine biotechnology industries. Pontos was founded in 2014 and is based in New York city.

Sell -

Seller(S) 1

SELLER

Platte River Equity

Denver, Colorado, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Platte River Equity is a private equity firm focused on investing in small and middle-market private companies based in the US. Platte River generally invests $25 to $100 million of equity capital per transaction and looks for businesses that can benefit from the Firm's operating expertise. Sectors of interest include aerospace manufacturing and services, metals, chemicals, energy and energy services, natural resources, financial services, and communications. Platte River typically targets control investment situations, but will opportunistically pursue minority investments. Platte River Equity was formed in 2006 and is based in Denver, Colorado.

DEAL STATS #
Overall 13 of 18
Sector (Metals/Mining) 1 of 2
Type (Secondary Buyout) 3 of 7
State (California) 2 of 2
Country (United States) 12 of 17
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Profile

Buffalo Grove, Illinois, United States

Profile offers environmentally sound, site-specific solutions for soil modification, horticultural production, erosion control, and plant establishment. As a manufacturer of hydraulically applied mulch and additives, horticulture substrates, as well as biotic and ceramic conditioners to amend the soil, the company offers on-site solutions and consultation to architects, land planners, contractors, developers, and municipalities. Their team of agronomists, engineers and industry experts is supported through a worldwide network of experienced distributors. Profile was founded in 1997 and is based in Buffalo Grove, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 GME

Columbia, Missouri, United States

GME is an omnichannel distributor of fall protection, safety, and productivity equipment. The company supplies a comprehensive selection of fall protection, rigging materials, workwear, and PPE to technicians and contractors working in the telecom, utility, aerial construction, renewable energy, and other industrial markets. It provides expedited delivery of products that are critical to worker safety while catering to unique customer needs with value-added services like curated kitting and certified training courses. GME Supply was founded in 2005 and is based in Columbia, Missouri.

Buy -
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