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 2019 included 40 closed deals, according to data published by industry data tracker FactSet.

Kaman Aerospace Group, Inc., a subsidiary company of Kaman Corp, acquired Bal Seal Engineering, Inc. for US$330 million in cash, subject to customary adjustments for net debt and working capital. Kaman Aerospace Group manufactures aircraft components and aero structures. Bal Seal Engineering manufactures coil springs. The Company offers sealing, connecting, conducting, electromagnetic interference shielding, and grounding components.

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The report below gives a good overview of the fourth 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 Q3 2019 included 44 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in September when a private group led by KCM Capital Partners LLC, Five Points Capital Inc, PNC Mezzanine Capital Corp and management of Industrial Valve Sales & Services, Inc., acquired Industrial Valve Sales & for an undisclosed amount in cash. The transaction enhances Industrial Valve Sales & Services’ service opportunities. Founded in 1975, Industrial Valve Sales & Services is located in Alabama and provides valve services and products.

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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.

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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.

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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

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.
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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.

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The report below provides a good overview of the 1st Quarter M&A activity in the Metal Fabrication Industry Sector. M&A activity for North American based target companies in the Fabricated Metal sector for Q4 2017 included 29 closed deals, according to data published by industry data tracker FactSet.

One of the notable transactions of the quarter closed in November when DBM Global, Inc. (OTC PINK:DBMG), a family of companies providing fully integrated structural and steel construction services, and an operating subsidiary of HC2 Holdings, Inc. (NYSE:HCHC), announced that it had entered into an agreement to acquire the assets of Mountain States Steel, Inc. Mountain States Steel fabricates, supplies, and installs custom fabricated structural steel products.

The final quarter of 2017 saw a decline in iron and steel production based, in part, on a decline in a demand for imports.

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The report below provides a good overview of the 4th 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 Q3 2017 included 34 closed deals, according to data published by industry data tracker FactSet.

One of the largest deals of the quarter was announced in July when Schneider Electric SE acquired ASCO Power Technologies LP from Vertiv Co, a subsidiary of Vertiv Group Corp, for US$1.3 billion in cash. The acquisition will further expand Schneider Electric’s EcoStruxure Power Platform globally, especially in North America. ASCO Power Technologies manufactures and designs solenoid valves. The company is headquartered in Florham Park, NJ.

Import prices for iron and steel have continued to rise throughout 2017 as businesses affected by the prices remain cautious.

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The report below provides a good overview of the 3rd 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 2017 included 51closed deals, according to data published by industry data tracker FactSet.

One of the more notable transactions in the sector closed in April when Wieland-Werke AG acquired Wolverine Tube, Inc. for an undisclosed amount. The acquisition enhances Wieland-Werke AG’s international market position and also expands its portfolio of technical businesses. Founded in 1916, Wolverine Tube is located in Decatur, Alabama and manufactures copper alloy and copper tube, rod bar and strip products.

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