M&A Deal Summary

Veritas Steel Acquires PDM Bridge

On November 15, 2013, Veritas Steel acquired metals/mining company PDM Bridge from American Securities

Acquisition Highlights
  • This is Veritas Steel’s 1st transaction in the Metals/Mining sector.
  • This is Veritas Steel’s 1st transaction in the United States.
  • This is Veritas Steel’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2013-11-15
Target PDM Bridge
Sector Metals/Mining
Buyer(s) Veritas Steel
Sellers(s) American Securities
Deal Type Add-on Acquisition

Target

PDM Bridge

Eau Claire, Wisconsin, United States
PDM Bridge LLC is a manufacturer of fabricated structural steel components for steel building structures and steel bridges.

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Buyer(S) 1

Buyer

Veritas Steel

Lisle, Illinois, United States

Category Company
Founded 2013
Sector Manufacturing
DESCRIPTION

Veritas Steel is a manufacturer of fabricated steel structures used in bridge, structural, and heavy infrastructure projects. The Company provides design, engineering, and fabrication services for steel girders, trusses, and complex structures serving transportation and construction markets. Veritas Steel was founded in 2013 and is headquartered in Lisle, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based with $50 to $200 million of EBITDA and valued up to $2 billion. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York, New York.


DEAL STATS #
Overall 20 of 53
Sector: Metals/Mining M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 22
State: Wisconsin M&A 2 of 2
Country: United States M&A 19 of 52
Year: 2013 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-04 Potbelly

Chicago, Illinois, United States

Potbelly owns and operates restaurants featuring hot sandwiches served in a fun, energetic, and inviting atmosphere. Potbelly is aggressively pursuing expansion into other major markets across the United States. Potbelly was founded in 1977 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 General Chemical Performance Products

Parsippany, New Jersey, United States

General Chemical Performance Products LLC is a manufacturer of a broad portfolio of inorganic chemical products, which operates three business units: Water Treatment Chemicals, Sulphuric Acid, and Specialty Chemicals.

Sell $860M