M&A Deal Summary

Wellspring Capital Management Acquires JW Aluminum

On January 1, 2003, private equity firm Wellspring Capital Management acquired building materials company JW Aluminum from Walter Energy for 125M USD

Acquisition Highlights
  • This is Wellspring Capital Management’s 1st transaction in the Building Materials sector.
  • This is Wellspring Capital Management’s 6th largest (disclosed) transaction.
  • This is Wellspring Capital Management’s 5th transaction in the United States.
  • This is Wellspring Capital Management’s 1st transaction in South Carolina.
Investment Fate
  • JW Aluminum was sold to a strategic buyer in 2005 for 350M USD.
  • JW Aluminum was divested to a consortium of buyers in 2006 for 310M USD.
  • JW Aluminum was recapitalized in 2015.

M&A Deal Summary
Date 2003-01-01
Target JW Aluminum
Sector Building Materials
Buyer(s) Wellspring Capital Management
Sellers(s) Walter Energy
Deal Type Divestiture
Deal Value 125M USD

Target

JW Aluminum

Mt. Holly, South Carolina, United States
JW Aluminum is a manufacturer of specialty, flat-rolled aluminum products, primarily serving the heating, ventilation and air conditioning, building and construction and light gauge converter foil and flexible packaging end-use markets in the United States.

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Buyer(S) 1

Buyer

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 7 of 53
Sector (Building Materials) 1 of 4
Type (Divestiture) 1 of 5
State (South Carolina) 1 of 3
Country (United States) 5 of 48
Year (2003) 1 of 4
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Vistar

Centennial, Colorado, United States

Vistar Corp. (formerly known as Multifoods Distribution Group, Inc.), is one of the largest distributors of food and other products to the foodservice and vending industries in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-17 Vatterott

Olivette, Missouri, United States

Vatterott is a provider of career-oriented post-secondary education in the United States. Vatterott offers a diversified range of diploma programs, associate degrees and bachelor degrees in skilled trades, allied health, culinary arts, cosmetology, business, court reporting and computer technology. Vatterott was founded in 1969 and is based in Olivette, Missouri.

Buy -

Seller(S) 1

SELLER

Walter Energy

Birmingham, Florida, United States
Category Company
Founded 1946
Sector Metals/Mining
Employees3,600
Revenue 1.9B USD (2013)
DESCRIPTION

Walter Energy, Inc. is a metallurgical coal producer for the global steel industry with strategic access to steel producers in Europe, Asia and South America.

DEAL STATS #
Overall 1 of 3
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 1 of 3
Year (2003) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-14 Mueller Water Products

Atlanta, Georgia, United States

Mueller Water Products is a manufacturer and marketer of products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities throughout North America. Mueller Water Products was founded in 1857 and is based in Atlanta, Georgia.

Sell -
Mergr

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