M&A Deal Summary |
|
|---|---|
| Date | 2020-01-30 |
| Target | RSA Engineered Products |
| Sector | Defense |
| Buyer(s) | TriMas |
| Sellers(s) |
Cornerstone Capital Holdings
Merit Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Houlihan Lokey (Financial) Much Shelist (Legal) |
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| Category | Company |
|---|---|
| Founded | 1986 |
| Sector | Diversified |
| Employees | 3,400 |
| Revenue | 893M USD (2023) |
TriMas is a diversified designer, manufacturer and distributor of engineered and applied products that serve a variety of industrial, commercial and consumer end markets worldwide. TriMas was founded in 1986 and is based in Bloomfield Hills, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 19 |
| Sector (Defense) | 1 of 1 |
| Type (Add-on Acquisition) | 12 of 18 |
| State (California) | 2 of 3 |
| Country (United States) | 6 of 10 |
| Year (2020) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-04 |
Lamons
Houston, Texas, United States Lamons designs, manufactures and distributes industrial sealing and fastener products, for the petrochemical, petroleum refining, oil field, and other industrial markets. Lamons provides industrial sealing fastener products to both maintenance repair operations and industrial original equipment manufacturers. Lamons was founded in 1947 and is based in Houston, Texas. |
Sell | $135M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-19 |
Liqui-Box - Rapak Brand
Richmond, Virginia, United States Liqui-Box's Rapak Brand provides bag-in-box flexible packaging services. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| Size | Small |
| Type | Sector Agnostic |
Cornerstone Capital Holdings LLC is a private equity firm that seeks investments in manufacturing and industrial service companies generating sales of $5 - $100 million with an EBITDA of $1 - $10 million. The Firm generally looks to acquire privately held businesses or divisions of larger private or public companies. Specific sectors of interest include packaging-related products, specialty machinery, defense/aerospace products, specialty chemicals, rubbers, synthetics, electrical components and assemblies, niche branded products, automobile component manufacturers, general industrial business-to-business products, specialty catalog, niche distribution, and MRO providers. Cornerstone avoids investing in consulting, restaurants, construction, biotech, retail, and real estate. Cornerstone was formed in 2000 and has offices in Fort Worth, Texas and Blue Bell, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 6 |
| Sector (Defense) | 2 of 2 |
| Type (Add-on Acquisition) | 5 of 5 |
| State (California) | 1 of 2 |
| Country (United States) | 4 of 5 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-01 |
Powers Equipment
Warminster, Pennsylvania, United States Powers Equipment designs and manufactures multiple, proprietary lines of commercial refrigeration equipment serving food, beverage, retail, and scientific laboratory customers throughout the United States. Powers Equipment was founded in 1935 and is based in Warminster, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-01 |
Intec
Everett, Washington, United States Intec is a provider of advanced materials testing, manufacturing, and design services to the aerospace, defense and transportation industries. Intec's primary business is designed to support composite testing, manufacturing and research, by analyzing new and existing materials including organic matrix composites, ceramics, metal matrix composites and metal. Intec was founded in 1989 and is based in Everett, Washington. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 45 of 52 |
| Sector (Defense) | 1 of 1 |
| Type (Add-on Acquisition) | 25 of 27 |
| State (California) | 2 of 2 |
| Country (United States) | 45 of 51 |
| Year (2020) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-09 |
Digney York Associates
Vienna, Virginia, United States Digney York Associates LLC is a provider of interior renovation services to the luxury hospitality industry. Specializing in guest room renovations, the company offers services that span from pre-construction through the construction phase of renovations. Digney York Associates LLC was established in 1985 and is based in Vienna, Virginia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-29 |
Steele Solutions
South Milwaukee, Wisconsin, United States Steele Solutions is a designer and manufacturer of complex steel infrastructure in distribution, warehousing, and manufacturing facilities nationwide. SSI’s offerings include large steel platforms and mezzanines, as well as other structural steel systems that generally support the use of automation technologies in industrial facilities. Steele Solutions was founded in 1996 and is based in South Milwaukee, Wisconsin. |
Sell | - |
