M&A Deal Summary

Venture Metals Acquires Versatile Processing Group

On August 5, 2019, Venture Metals acquired metals/mining company Versatile Processing Group from Insight Equity

Acquisition Highlights
  • This is Venture Metals’ 1st transaction in the Metals/Mining sector.
  • This is Venture Metals’ 1st transaction in the United States.
  • This is Venture Metals’ 1st transaction in Indiana.

M&A Deal Summary

Date 2019-08-05
Target Versatile Processing Group
Sector Metals/Mining
Buyer(s) Venture Metals
Sellers(s) Insight Equity
Deal Type Add-on Acquisition
Advisor(s) KeyBanc Capital Markets (Financial)
Hunton Andrews Kurth (Legal)

Target

Versatile Processing Group

Indianapolis, Indiana, United States
Versatile Processing Group is an industrial processor of nonferrous metals servicing the copper manufacturing, electric utility, and general industries. Versatile Processing Group specializes in recycling nonferrous materials, including copper, brass, aluminum, zinc, tin, silicon and nickel products sourced from a diverse base of suppliers, with particular expertise in difficult-to-process units. Services provided include wire and cable chopping, de-tinning and de-oiling, laboratory analysis, and logistics.

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Buyer(S) 1

Buyer

Venture Metals

Dallas, Texas, United States

Category Company
Founded 1986
Sector Environmental
DESCRIPTION

Venture Metals provides high-touch recycling solutions to the industrials, manufacturing, energy and metals sectors and is a supplier of high-quality refined nonferrous and ferrous metals to domestic and international markets. Venture's fully-integrated, end-to-end business model provides customers with a highly differentiated solution for their recycling needs. Venture Metals was founded in 1986 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 2
Sector: Metals/Mining M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 Thalheimer Brothers

Philadelphia, Pennsylvania, United States

Thalheimer Brothers is a non-ferrous scrap metal processor of brass, copper, nickel alloy, and stainless steel selling to foundries, refiners, and mills. Thalheimer processes mixed loads of alloyed and non-alloyed scrap to produce complex blends with specific chemical properties required by its customers. Thalheimer Brothers was founded in 1939 and is based in Philadelphia, Pennsylvania.

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Seller(S) 1

SELLER

Insight Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Insight Equity is a private equity firm that targets control investments in middle-market companies. Insight looks for companies with revenues between $50 million to $1 billion and seeks to commit between $25 to $150 million per transaction. Areas of interest include manufacturing, distribution, aerospace & defense, automotive & transportation, consumer goods, service & professional industries, technology, and energy. Insight does not invest in real estate, retail, or restaurant businesses. Insight Equity was formed in 1998 and is based in Southlake, Texas. The Firm has an additional office in New York City.


DEAL STATS #
Overall 7 of 9
Sector: Metals/Mining M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 6
State: Indiana M&A 2 of 2
Country: United States M&A 7 of 8
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 EDDY Foods

Yoakum, Texas, United States

EDDY Foods is a broadly diversified, premier processor of beef, pork, and poultry products. The Company offers a complete line of fully cooked, marinated, cured, fresh, and frozen meat products, such as smoked sausage, fajita meat, pulled beef/pork/chicken, ribs, pork chops/loins, chicken breast, brisket, and other meat products. EDDY Foods was founded in 1953 and is based in Yoakum, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 Strauss

Franklin, Wisconsin, United States

Strauss is a producer of ethically raised specialty meats, including American grass-fed and organic beef, as well as humanely raised veal and lamb. Strauss Brands was founded in 1937 and is based in Franklin, Wisconsin.

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