M&A Deal Summary

UPG Enterprises Acquires Metalex

On December 13, 2019, UPG Enterprises LLC acquired metals/mining company Metalex from Jason Group, Inc. for 5M USD

Acquisition Highlights
  • This is UPG Enterprises’ 2nd transaction in the Metals/Mining sector.
  • This is UPG Enterprises’ 1st largest (disclosed) transaction.
  • This is UPG Enterprises’ 3rd transaction in the United States.
  • This is UPG Enterprises’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2019-12-13
Target Metalex
Sector Metals/Mining
Buyer(s) UPG Enterprises LLC
Sellers(s) Jason Group, Inc.
Deal Type Divestiture
Deal Value 5M USD

Target

Metalex

Libertyville, Illinois, United States
website
Metalex is a producer of industrial safety grating, expanded metal, perforated metal, welded, and spiral tubes. Metalex was founded in 1962 and is based in Libertyville, Illinois.

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Buyer(S) 1

Buyer

UPG Enterprises LLC

Oak Brook, Illinois, United States

website


Category Company
SectorDiversified
DESCRIPTION

UPG Enterprises LLC is an operator of a diverse set of industrial companies focused on metals, manufacturing, distribution, and logistics. UPG Enterprises is based in Oak Brook, Illinois.


DEAL STATS #
Overall 3 of 4
Sector (Metals/Mining) 2 of 3
Type (Divestiture) 1 of 1
State (Illinois) 2 of 3
Country (United States) 3 of 4
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 Contractors Steel Co.

Livonia, Michigan, United States

Contractors Steel Co. is a steel service center that serves North America from five strategic locations in the Midwest. Contractors Steel diverse inventory of carbon steel includes structural beams, angles, channels, pipe, square/rectangular tube, sheet, plate, floor plate, crane rail, grating, ship and car channels, moulded cover bars and much more. Contractors Steel was founded in 1960 and is based in Livonia, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Lex Holding Co.

Bedford Park, Illinois, United States

Lex Holding Co. employs a comprehensive approach to the manufacturing and distribution of steel-related products. The company finance and invest in all areas of manufacturing and distribution of steel-related products. It seeks unique solutions to all of the challenges that North American Manufacturers and Distributors face every day. Lex Holding is based in Bedford Park, Illinois.

Buy -

Seller(S) 1

SELLER

Jason Group, Inc.

Milwaukee, Wisconsin, United States

website


Category Company
Founded 1887
SectorManufacturing
Employees3,600
Revenue 338M USD (2019)
DESCRIPTION

Jason is a manufacturer of seating, finishing, components, and automotive acoustic products. Jason Industries was founded in 1887 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Janesville Fiber Solutions

Southfield, Michigan, United States

Janesville Fiber Solutions is a producer of acoustical and thermal fiber insulation for a variety of automotive applications. Janesville Fiber Solutions was founded in 1874 and is based in Southfield, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 Matchless Metal Polish Co.

Chicago, Illinois, United States

Matchless Metal Polish Co. provides a full line of metal finishing products and services including buffing compounds, buffing wheels, abrasives, and chemicals With its 135 history, Matchless is recognized by both customers and competitors alike for quality and dependability.

Buy $5M