M&A Deal Summary

V&A Capital Acquires SinterMet

On September 30, 2019, private equity firm V&A Capital acquired machinery company SinterMet from Stonewood Capital Management

Acquisition Highlights
  • This is V&A Capital’s 1st transaction in the Machinery sector.
  • This is V&A Capital’s 2nd transaction in the United States.
  • This is V&A Capital’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2019-09-30
Target SinterMet
Sector Machinery
Buyer(s) V&A Capital
Sellers(s) Stonewood Capital Management
Deal Type Secondary Buyout

Target

SinterMet

Kittanning, Pennsylvania, United States
SinterMet develops and manufactures tungsten carbide, titanium carbide, and ceramic rolls for bar, rod, and wire rolling in ferrous and nonferrous rolling mills. SinterMet was founded in 1975 and is based in Kittanning, Pennsylvania.

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Buyer(S) 1

Buyer

V&A Capital

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

V&A Capital is a private equity firm focused on acquiring lower middle-market companies with at least $10 million of revenue and valued up to $75 million. Sectors of interest include manufacturing, industrials, consumer goods, packaging, business services, and transportation. Prospective transaction types include founder-owned company acquisitions, family successions, traditional buyouts, and divestitures. V&A Capital is headquartered in New York City.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Pennsylvania) 2 of 2
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-12 Precision Kidd Steel

Aliquippa, Pennsylvania, United States

Precision Kidd Steel is an independent manufacturer of drill rod tool steel in the U.S. and processes approximately 30 million pounds of steel-based products annually, supplies its broad range of products to a wide and diversified customer base operating in different markets, including automotive, oil & gas, hand and power tools, power generation, machinery, textile and aerospace. Precision Kidd Steel was founded in 1885 and is based in Aliquippa, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-23 Federal Steel Supply

Chesterfield, Missouri, United States

Federal Steel Supply is a distributor of industrial products including pipes, fittings, flanges, and valves. Federal Steel Supply was founded in 1979 and is based in Chesterfield, Missouri.

Sell -

Seller(S) 1

SELLER

Stonewood Capital Management

Pittsburgh, Pennsylvania, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Stonewood Capital Management is a private equity firm focused on acquisitions of manufacturing, assembly, and distribution companies in the Eastern US. The Firm targets companies with EBITDA of $1 to $10 million. Stonewood Capital Management is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 6 of 8
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 2 of 4
State (Pennsylvania) 4 of 5
Country (United States) 6 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 PC Network

Pittsburgh, Pennsylvania, United States

PC Network is a technology infrastructure services company involved in providing mortgage closing services. PC Network is based in Pittsburgh, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Life Remembered

Jeannette, Pennsylvania, United States

Life Remembered owns and operates memorial parks across Ohio, Pennsylvania, Maryland, and the Carolinas, offering a range of cemetery-related products and services. Life Remembered is headquartered in Jeannette, Pennsylvania.

Buy -
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