InSight

Exit and Growth Strategies for Middle Market Businesses

Author Archive

M&A Quarterly News In The Plastics and Rubber Industry Sector

By Jim Zipursky | Sep 12, 2019

The report below gives a good overview of the third quarter M&A activity in the Plastics and Rubber Industry Sector. M&A activity for North American based target companies in the Plastics and Rubber sector for Q2 2019 included 24 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in May when EPTAM Precision, a subsidiary of EPTAM Plastics Ltd. and a portfolio company of New Heritage Capital LLC, acquired Micro Molding, Inc. for an undisclosed amount. The transaction also includes MedConnection LLC. Micro Molding is located in Phillipsburg, New Jersey and manufactures precision plastic injection components specializing in precision injection molding, catheter tipping, finishing and assembly.

Read more »


M&A Quarterly News In The Metal Fabrication Industry Sector

By Jim Zipursky | Sep 03, 2019

The report below gives a good overview of the third quarter M&A activity in the Metal Fabrication Industry Sector. M&A activity for North American based target companies in the Metal Fabrication sector for Q2 2019 included 37 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in April when Montage Partners LLC acquired Advanced Manufacturing & Development, Inc., trading as METALfx, a subsidiary of Avista Corp, for an undisclosed amount in cash. Montage Partners is a private equity firm located in Scottsdale, Arizona. Advanced Manufacturing & Development manufactures sheet metal products. The firm offers laser cutting, welding, painting and powder coating, punching and stamping, forming and CNC machining. The company was founded by in 1976 and is headquartered in Willits, CA.

Read more »


M&A Quarterly News In The Plastics and Rubber Industry Sector

By Jim Zipursky | Jun 17, 2019

The report below gives a good overview of the second quarter M&A activity in the Plastics and Rubber Industry Sector. M&A activity for North American based target companies in the Plastics and Rubber sector for Q1 2019 included 27 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in March when One Rock Capital Partners LLC acquired the assets related to the Process Solutions Business of Newell Brands, Inc. for US$500 million. The transaction includes Plastic Solutions, Consumer Table top, Zinc Products and Applied Materials. The acquired business is involved in manufacturing plastic products. The transaction was subject to customary closing conditions, including regulatory approvals.

Read more »


M&A Quarterly News In The Metal Fabrication Industry Sector

By Jim Zipursky | May 16, 2019

The report below gives a good overview of the second quarter M&A activity in the Metal Fabrication Industry Sector. M&A activity for North American based target companies in the Metal Fabrication sector for Q1 2019 included 55 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in March when Tribus Aerospace LLC, a portfolio company of Shorehill Capital LLC acquired Midwest Precision LLC for an undisclosed amount. Antares Capital Corp provided debt and equity capital to Tribus Aerospace. The acquisition aims to expand the service offerings of Tribus Aerospace. Founded in 1953, Midwest Precision is located in Eastlake, Ohio and provides contract manufacturing services in precision machining of stainless steel, aluminum and exotic materials.

Read more »


M&A Quarterly News In The Plastics and Rubber Industry Sector

By Jim Zipursky | Mar 20, 2019

The report below gives a good overview of the first quarter M&A activity in the Plastics and Rubber Industry Sector. M&A activity for North American based target companies in the Plastic and Rubber sector for Q4 2018 included 25 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions closed in November when VisiPak, Inc., a subsidiary of Sinclair & Rush Inc, acquired Masterpac Corp for an undisclosed amount. The transaction allows VisiPak to enter into the medical packaging business and strengthen its product offerings in the consumer and industrial packaging market. Masterpac Corp is located in St. Louis, Missouri and manufactures thermoformed finished plastics products.

Read more »


M&A Quarterly News In The Metal Fabrication Industry Sector

By Jim Zipursky | Mar 19, 2019

The report below gives a good overview of the first quarter M&A activity in the Metal Fabrication Industry Sector. M&A activity for North American based target companies in the Metal Fabrication sector for Q4 2018 included 27 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions closed in October when Premier Thermal Solutions LLC, a portfolio company of Z Capital Partners LLC, acquired Alfe Heat Treating, Inc. for an undisclosed amount. The acquisition would expand Premier Thermal Solutions’ ferrous and aluminum heat treating services. Alfe Heat Treating is located in Indiana and provides aluminum commercial heat treatment services.

Industry Indicators

  • US durable goods manufacturers’ shipments of fabricated metal products, an indicator of fabricated metal parts production, rose 9.4% year-to-date in October 2018 compared to the same period in 2017.
  • US steel mill product prices, an indicator of commodity steel costs for fabricated metal products manufacturers, rose 18.5% in December 2018 compared to the same month in 2017.

Posted by Jim Zipursky.

Read the Entire Metal Fabrication 1st Quarter Newsletter Here


M&A News In The Plastics and Rubber Industry Sector

By Jim Zipursky | Nov 19, 2018

The report below gives a good overview of the fourth quarter M&A activity in the Plastics and Rubber Industry Sector. M&A activity for North American based target companies in the Plastics and Rubber sector for Q3 2018 included 25 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions closed in July when Mueller Industries, Inc. acquired ATCO Rubber Products, Inc. for US$163.4 million in cash and contingent payout. The acquisition would allow Mueller Industries to expand its climate products businesses. ATCO Rubber Products is located in Fort Worth, Texas manufactures flex duct systems for residential and commercial heating, ventilation and AC applications. It generated revenue of US$166 million for the fiscal year ended December 31, 2017 and has 800 employees.

End-use markets continue to grow year over year as more products in the U.S. are manufactured out of plastic and rubber materials.

Read more »


M&A News In The Plastics and Rubber Industry Sector

By Jim Zipursky | Aug 17, 2018

The report below provides a good overview of the third quarter M&A activity in the Plastics and Rubber Industry Sector. M&A activity for North American based target companies in the Plastics and Rubber sector for Q2 2018 included 35 closed deals, according to data published by industry data tracker FactSet.
One of the notable middle market transactions was announced in June when a private group led by the management of Comar, LLC and Morgan Stanley Capital Partners (Private Equity) acquired Comar from Graham Partners, Inc., for an undisclosed amount. Founded in 1949, Comar is located in Voorhees, New Jersey and manufactures plastic bottles and other plastic products.

Injection molders across the US have differentiated themselves by specializing in specific processes. Highly specialized firms can be more attractive acquisition targets for larger companies looking to improve capabilities.

Read more »


M&A News in the Metal Fabrication Industry Sector

By Jim Zipursky | Aug 09, 2018

The report below provides a good overview of the third Quarter M&A activity in the Metal Fabrication Industry Sector. M&A activity for North American based target companies in the Metal Fabrication sector for Q2 2018 included 52 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in June when Steel Dynamics, Inc. acquired Companhia Siderúrgica Nacional, LLC for US$400 million in cash. The transaction is expected to be accretive to near-term earnings and cash flow per share. In addition, the transaction is believed to expand Steel Dynamics’ annual flat roll steel shipping capacity to 8.4 million tons and total shipping capability to 12.4 million tons. Companhia Siderúrgica Nacional is located in Terre Haute, Indiana and manufactures coiled steel sheet products.

Tariffs on steel imposed by the Trump administration have had the sector in flux. The graph below illustrates how tariffs effect certain states.
Read more »


M&A News in the Metal Fabrication Industry Sector

By Jim Zipursky | May 30, 2018

The report below provides a good overview of the second Quarter M&A activity in the Metal Fabrication Industry Sector. M&A activity for North American based target companies in the Metal Fabrication sector for Q1 2018 included 31 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions announced in the quarter was in January when Wynnchurch Capital, LLC announced that it had completed an investment in Anderson Metals Corporation, Inc. Terms of the deal were not disclosed. Anderson is a manufacturer of brass fittings, valves, pipe nipples and related products to the plumbing, hardware and general industrial end-markets. The Company is headquartered in Kansas City, Missouri and was founded in 1947.

The demand for fabricated steel products rose sharply in Q1 2018 partly driven by the potential for tariffs implemented by the current administration.

Read more »