Recapitalization • Manufacturing

Watervale Equity Partners Acquires Duke Manufacturing

On March 2, 2020, private equity firm Watervale Equity Partners acquired manufacturer Duke Manufacturing

Acquisition Context
  • This is Watervale Equity Partners’ 1st transaction in the Manufacturing sector.
  • This is Watervale Equity Partners’ 2nd transaction in the United States.
  • This is Watervale Equity Partners’ 2nd transaction in Ohio.

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M&A Deal Summary

Date March 2, 2020
Target Duke Manufacturing
Sector Manufacturing
Buyer(s) Watervale Equity Partners
Deal Type Recapitalization

Target Company

Duke Manufacturing

Willoughby, Ohio, United States
Duke Manufacturing is a manufacturer of precision-machined components and assemblies used predominately by the aerospace & defense sector. Duke Manufacturing products are engineered, critical components being deployed in leading commercial and defense engine applications. Duke Manufacturing is based in Willoughby, Ohio.
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Buyer Overview 1

DESCRIPTION

Watervale Equity Partners is a private equity firm focused on control investments in growing lower middle-market companies. The Firm will consider profitable companies throughout North America valued up to $50 million. Sectors of interest include manufacturing, distribution, and consumer/industrial products. Watervale prefers market leading companies with high barriers to entry and conservative capital structures. Watervale Equity Partners is based in Cleveland, Ohio.


Deal Context for Buyer #
Overall 2 of 4
Sector: Manufacturing 1 of 2
Type: Recapitalization 1 of 2
State: Ohio 2 of 2
Country: United States 2 of 4
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 EMX Industries

Garfield Heights, Ohio, United States

EMX Industries is a manufacturer of sensors and controls for the access control industry and process automation applications for various industrial markets. The Company’s main product categories include photo eyes, vehicle detectors, color sensors, luminescence sensors, and other custom specialty sensors. EMX Industries was founded in 1987 and is based in Garfield Heights, Ohio.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 High Speed Gear

Swansboro, North Carolina, United States

High Speed Gear is a manufacturer of battle-proven tactical gear for military, law enforcement and consumer enthusiasts. High Speed Gear was founded in 1991 and is based in Swansboro, North Carolina.

Buy -