Investment Summary

True West Capital Partners and Cyprium Partners Invest In Washington Metal Fabricators

On May 29, 2024, private equity firm True West Capital Partners and mezzanine finance firm Cyprium Partners invested in machinery company Washington Metal Fabricators

Investment Highlights
  • This is True West Capital Partners’ 2nd and Cyprium Partners’ 5th transaction in the Machinery sector.
  • This is True West Capital Partners’ 20th and Cyprium Partners’ 50th transaction in the United States.
  • This is True West Capital Partners’ 1st and Cyprium Partners’ 2nd transaction in Missouri.

Investment Summary

Date 2024-05-29
Target Washington Metal Fabricators
Sector Machinery
Investor(s) True West Capital Partners
Cyprium Partners
Deal Type Growth Capital

Target

Washington Metal Fabricators

Washington, Missouri, United States
Washington Metal Fabricators offers an array of metal fabrication, CNC machining, assembly and engineering services that cater to customers of all sizes with capabilities covering welding, cutting, forming, and finishing. Washington Metal Fabricators was founded in 1979 and is based in Washington, Missouri.

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Investor(S) 2

DESCRIPTION

True West Capital Partners is a private investment firm focused on lower middle-market company investments in the Western US. The Firm looks to commit $5 to $25 million into profitable businesses to support acquisitions, growth initiatives, buyouts, recapitalizations, and refinancings. True West does not have any sector preferences, but does avoid real estate, startups and project financings. True West Capital Partners was formed in 2009 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 20 of 20
Sector (Machinery) 2 of 2
Type (Growth Capital) 10 of 10
State (Missouri) 1 of 1
Country (United States) 20 of 20
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Canvas

Huntsville, Alabama, United States

Canvas provides a mixture of engineering and technical services along with lifecycle management and programmatic services to various defense and intelligence community organizations. Canvas specializes in supporting the Department of Defense and other government agencies in the areas of Systems Engineering and Integration, Software Engineering, Cybersecurity and Intelligence, Test and Evaluation, Safety and Facilities Engineering, Technology and Product Development, Acquisition Management, and Business and Program Management. Canvas was founded in 2007 and is based in Huntsville, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-21 Ellison Bakery

Fort Wayne, Indiana, United States

Ellison Bakery is a producer of cookies, snack bars, crunch and inclusion, and other products for the industrial market, foodservice industry, and retail and private label space. Ellison Bakery was founded in 1945 and is based in Fort Wayne, Indiana.

Sell -
Investor

Cyprium Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cyprium Partners is a private investment firm that provides mezzanine and equity capital to profitable, middle-market companies. The Firm will consider both non-control and control positions in businesses with revenue of $50 to $300 million and at least $8 million of EBITDA. Sectors of interest include traditional industries such as manufacturing, distribution, and services. Cyprium avoids investments in financial services, real estate, energy, commodities, natural resources, restaurants, long-term care and healthcare companies. Cyprium was formerly known as Key Principal Partners. The Firm has offices in Cleveland, Ohio and New York City.


DEAL STATS #
Overall 53 of 53
Sector (Machinery) 5 of 5
Type (Growth Capital) 11 of 11
State (Missouri) 2 of 2
Country (United States) 50 of 50
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 OneroRx

West Des Moines, Iowa, United States

OneroRx provides integrated pharmacy services and medical supplies to patients in underserved rural counties and urban areas across the Midwest. OneroRx is based in West Des Moines, Iowa.

Buy -