M&A Deal Summary

Trimaran Capital Partners Acquires Standard Steel

On June 5, 2006, private equity firm Trimaran Capital Partners acquired metals/mining company Standard Steel for 200M USD

Acquisition Highlights
  • This is Trimaran Capital Partners’ 1st transaction in the Metals/Mining sector.
  • This is Trimaran Capital Partners’ 3rd largest (disclosed) transaction.
  • This is Trimaran Capital Partners’ 10th transaction in the United States.
  • This is Trimaran Capital Partners’ 1st transaction in Pennsylvania.
Investment Fate
  • Standard Steel was sold to a publicly-traded strategic buyer in 2011 for 340M USD.

M&A Deal Summary

Date 2006-06-05
Target Standard Steel
Sector Metals/Mining
Buyer(s) Trimaran Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 200M USD
Advisor(s) Bear Stearns (Financial)
Kirkland & Ellis (Legal)

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

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 10 of 10
Sector: Metals/Mining M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
State: Pennsylvania M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2006 M&A 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-07 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-26 El Pollo Loco

Costa Mesa, California, United States

El Pollo Loco is a fire-grilled chicken restaurant chain. The Company is known for its citrus-marinated, fire-grilled chicken and handcrafted entrees using fresh ingredients inspired by Mexican recipes. The company operates restaurants across the Southwest and has a leading market position in Southern California. El Pollo Loco was founded in 1980 and is based in Costa Mesa, California.

Sell -