M&A Deal Summary

Watermill Group Acquires Experi-Metal

On August 2, 2016, private equity firm Watermill Group acquired metals/mining company Experi-Metal

Acquisition Highlights
  • This is Watermill Group’s 4th transaction in the Metals/Mining sector.
  • This is Watermill Group’s 13th transaction in the United States.
  • This is Watermill Group’s 3rd transaction in Michigan.

M&A Deal Summary

Date 2016-08-02
Target Experi-Metal
Sector Metals/Mining
Buyer(s) Watermill Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Quarton International (Financial)

Target

Experi-Metal

Sterling Heights, Michigan, United States
Experi-Metal is a provider of highly engineered, metal formed prototypes, sub-assemblies, full Body-In-White (BIW) assemblies and bridge production in the automotive, aerospace, defense, and alternative energy industries. Experi-Metal was established in 1959 and is based in Sterling Heights, Michigan.

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Buyer(S) 1

Buyer

Watermill Group

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Watermill Group is a private investment firm focused on acquiring/investing in mid-sized businesses operating in traditional industries. Watermill generally looks for US or Canada-based companies which require operating, strategic and capital resources to grow. Sectors of interest include metals, rubber/plastics, paper, packaging, chemicals, food products, value-added distribution, manufacturing, business services, and building products/services. Prospective companies typically generate $35 to $400 million revenues, however Watermill will consider certain smaller businesses as well. Watermill will not invest in fashion businesses, tech companies or industries characterized by short product life cycles or binary outcomes. Watermill was formed in 1978 and is based in Lexington, Massachusetts.


DEAL STATS #
Overall 13 of 17
Sector: Metals/Mining M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 8
State: Michigan M&A 3 of 3
Country: United States M&A 13 of 15
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Manistique Papers

Manistique, Michigan, United States

Manistique Papers, Inc. is a producer of uncoated groundwood specialty papers and newsprint made from 100% recycled fiber. MPI operates a single paper machine that has over 130,000 tons of annual capacity. MPI’s products mainly serve the commercial printing industry, with niche positions in foodservice and office products. The largest end use of the Company’s paper for free-standing inserts, which are typically distributed along with newspapers.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Cooper & Turner

South Yorkshire, United Kingdom

Cooper & Turner is a manufacturer of bolts, nuts, and washers for the Wind, Railway, Tunnelling, Oil & Gas and Structural bolting industries. Cooper & Turner is headquartered in South Yorkshire, United Kingdom and has operations in China, and the United States.

Buy -