M&A Deal Summary |
|
|---|---|
| Date | 2021-02-01 |
| Target | General Tools & Instruments |
| Sector | Manufacturing |
| Buyer(s) | Worthington Enterprises |
| Sellers(s) |
High Road Capital Partners
Barings Private Equity |
| Deal Type | Add-on Acquisition |
| Deal Value | 115M USD |
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| Category | Company |
|---|---|
| Founded | 1955 |
| Sector | Metals/Mining |
| Employees | 4,000 |
| Revenue | 4.9B USD (2023) |
Worthington Enterprises is a diversified metal processing company. Worthington is a value-added steel processor and a leader in manufactured metal products such as metal framing, pressure cylinders, automotive past model service stampings, metal ceiling grid systems, and laser-welded blanks. Worthington Enterprises was founded in 1955 and is based in Columbus, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 22 |
| Sector (Manufacturing) | 6 of 8 |
| Type (Add-on Acquisition) | 14 of 15 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 17 of 19 |
| Year (2021) | 2 of 4 |
| Size (of disclosed) | 4 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-01 |
Worthington Industries - Oil & Gas Equipment Business
Bremen, Ohio, United States Worthington Industries's Oil & Gas Equipment Business is a provider of Oil & Gas Equipment. The divestiture includes the related operating assets located in Bremen, Ohio, and Tulsa, Okla. Worthington. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-28 |
Stako
Slupsk, Poland Stako is a producer of automotive liquefied propane gas (LPG) tanks. Stako manufactures toroidal and cylindrical LPG tanks for storage of liquid gas propane-butane mixture for engines in passenger cars and commercial and delivery vehicles. Stako was founded in 1967 and is based in Slupsk, Poland. |
Sell | €5M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 470M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
High Road Capital Partners LLC is a private equity firm focused on acquiring smaller middle-market companies in partnership with management. High Road looks to invest in companies with revenues of $10 to $100 million with an EBITDA of $3 to $ 10 million. Broad areas of interest include manufacturing, service, and value-added distribution businesses. Target transaction situations include buyouts and recapitalization. High Road will consider both control and non-control investments. High Road Capital Partners was formed in 2007 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 13 |
| Sector (Manufacturing) | 1 of 1 |
| Type (Add-on Acquisition) | 6 of 8 |
| State (New Jersey) | 3 of 3 |
| Country (United States) | 9 of 12 |
| Year (2021) | 1 of 3 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-14 |
Banner Solutions
Kansas City, Missouri, United States Banner Solutions is a wholesale distributor of door hardware, electronic access control, and security products primarily for repair, replacement, and renovation applications in the commercial/institutional and residential markets. Banner Solutions was founded in 1987 and is based in Kansas City, Missouri. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-25 |
Bluespire
Edina, Minnesota, United States Bluespire, Inc. is a provider of strategic marketing services for healthcare and financial services clients with a focus on multi-channel marketing solutions with a strong emphasis on end-user content and digital media. Bluespire is based in Edina, Minnesota. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 5.7B USD |
| Size | Mega |
| Type | Sector Agnostic |
Barings Private Equity is the private equity arm of global asset management firm Barings. The Group looks to invest in mezzanine, distressed, and other private equity transactions including secondaries and funds. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Barings Private Equity was originally established in 1991 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 36 of 37 |
| Sector (Manufacturing) | 3 of 3 |
| Type (Add-on Acquisition) | 22 of 23 |
| State (New Jersey) | 5 of 5 |
| Country (United States) | 32 of 33 |
| Year (2021) | 1 of 2 |
| Size (of disclosed) | 7 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-22 |
Sunrise Windows & Doors
Temperance, Michigan, United States Sunrise Windows & Doors is a manufacturer and distributor of premium-priced, energy-efficient, custom replacement vinyl windows and patio doors, distributing its products through specialty window dealers, home improvement contractors, and building products distributors. Sunrise Windows & Doors was founded in 1994 and is based in Temperance, Michigan. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-06 |
Amtech
Fort Washington, Pennsylvania, United States Amtech is a provider of software solutions for the corrugated and folding carton manufacturing industries. Amtech’s fully integrated product suite of modules, multilingual, and enterprise solutions provide a compelling value proposition to the full spectrum of manufacturers. Amtech's software solutions serve over 245 customers at over 750 manufacturing plants in North America, Europe, and Latin America. Amtech was founded in 1981 and is based in Fort Washington, Pennsylvania. |
Buy | - |
