M&A Deal Summary

Watermill Group Acquires Quality Metalcraft

On July 1, 2015, private equity firm Watermill Group acquired metals/mining company Quality Metalcraft

Acquisition Highlights
  • This is Watermill Group’s 3rd transaction in the Metals/Mining sector.
  • This is Watermill Group’s 12th transaction in the United States.
  • This is Watermill Group’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2015-07-01
Target Quality Metalcraft
Sector Metals/Mining
Buyer(s) Watermill Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Quality Metalcraft

Livonia, Michigan, United States
Quality Metalcraft is a provider of engineered structural metal components and assemblies, providing advanced prototype, low-to-medium volume production, and factory assist services to automotive and other specialty vehicle industries. Quality Metalcraft was formed in 1964 and is based in Livonia, 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 12 of 17
Sector: Metals/Mining M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 8
State: Michigan M&A 2 of 3
Country: United States M&A 12 of 15
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-08 Global Tubes

Collegeville, Pennsylvania, United States

Global Tubes is a manufacturer of highly specialized precision metal tubing from a wide variety of metals and alloys including stainless steel, nickel, zirconium, and titanium. Its products are used in highly engineered applications serving the aerospace, energy, power generation, and medical markets.

Sell $200M
FOLLOWING 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.

Sell -