M&A Deal Summary

Wayzata Investment Partners and Castle Harlan Acquires The Ames Companies

On July 7, 2004, private equity firms Wayzata Investment Partners LLC and Castle Harlan acquired building materials company The Ames Companies, Inc. from Wind Point Partners for 380M USD

Acquisition Highlights
  • This is Wayzata Investment Partners’ 1st and Castle Harlan’s 1st transaction in the Building Materials sector.
  • This is Wayzata Investment Partners’ 1st and Castle Harlan’s 6th largest (disclosed) transaction.
  • This is Wayzata Investment Partners’ 1st and Castle Harlan’s 23rd transaction in the United States.
  • This is Wayzata Investment Partners’ 1st and Castle Harlan’s 2nd transaction in Pennsylvania.
Investment Fate
  • The Ames Companies was sold to a publicly-traded strategic buyer in 2010 for 542M USD.

M&A Deal Summary

Date 2004-07-07
Target The Ames Companies, Inc.
Sector Building Materials
Buyer(s) Wayzata Investment Partners LLC
Castle Harlan
Sellers(s) Wind Point Partners
Deal Type Secondary Buyout
Deal Value 380M USD

Target

The Ames Companies, Inc.

Camp Hill, Pennsylvania, United States
website
The Ames Companies, Inc. is a manufacturer, marketer and distributor of non-motorized lawn and garden tools, wheelbarrows and hose reels. Ames products are marketed under the Ames, True Temper, Jackson and Garant brand names.

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Buyer(S) 2

Buyer

Wayzata Investment Partners LLC

Wayzata, Minnesota, United States

Investor

website


Category Private Equity Firm
Founded 2004
SizeSmall
Type Sector Agnostic
DESCRIPTION

Wayzata Investment Partners is a private equity group focused on acquiring controlling interests in companies through distressed debt investing. The Firm targets companies valued between $100 million and $1 billion. Wayzata was formed in 2004 and is based in Wayzata, Minnesota.


DEAL STATS #
Overall 1 of 26
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 24
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Anchor Glass Container Corp.

Tampa, Florida, United States

Anchor Glass is a provider of glass packaging in the United States, focusing on the growing, premium specialty segment of the market. Anchor has long-standing relationships with blue chip companies across the beer, liquor, food, beverage, ready-to-drink and consumer end-market.

Buy -
Buyer

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 28 of 46
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 6 of 16
State (Pennsylvania) 2 of 2
Country (United States) 23 of 37
Year (2004) 3 of 4
Size (of disclosed) 6 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-24 Horizon Lines, Inc.

Charlotte, North Carolina, United States

Horizon Lines, Inc. is a container transportation shipping company, accounting for over 35% of all U.S. marine container shipments from the U.S. mainland to Alaska, Hawaii / Guam and Puerto Rico.

Buy $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-08 Caribbean Restaurants LLC

San Juan, Puerto Rico

Caribbean Restaurants LLC is an owns and operates restaurants.

Buy $340M

Seller(S) 1

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 3.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $30 to $150 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.


DEAL STATS #
Overall 5 of 48
Sector (Building Materials) 1 of 2
Type (Secondary Buyout) 1 of 20
State (Pennsylvania) 1 of 4
Country (United States) 5 of 44
Year (2004) 2 of 3
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 Nonni's Foods LLC

Tulsa, Oklahoma, United States

Nonni's is a manufacturer and marketer of artisanal cookies and other premium baked snacks. Nonni’s premium products are synonymous with artisanal, authentic, and Italian-inspired. Products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-01 Breeze Industrial Products Corp.

Saltsburg, Pennsylvania, United States

Breeze Industrial Products Corp. is a manufacturer of proprietary and patented steel clamps primarily serving the heavy duty truck, automotive and industrial sectors.

Buy -