Part
01
of one
Part
01
Private Equity Firm's Investment in US Coil/Spring Manufacturing Companies
Key Takeaways
- American Securities LLC. invested in (acquired) MW Industries in September 2017. The value of the acquisition was not disclosed.
- The Riverside Company invested in MW Industries in December 1992 and exited in June 1995. The investment amount was not disclosed.
- Middleground Capital invested in (acquired) Peterson Spring on April 23, 2019.
- Most of the investments by PE firms found and recorded on the spreadsheet were in the form of acquisitions.
Introduction
The required information regarding private equity firms that have invested in US coil/spring manufacturing companies is contained in the attached spreadsheet.
Kindly note that we were unable to focus on just investment within the past ten years due to limited data availability. As a result of the limited information, we expanded the scope to accommodate investments beyond the past ten years. However, we prioritized information relating to private equity investments in the past ten years in the US coil/spring manufacturers and expanded as the research progressed and data became unavailable.
Furthermore, we were unable to find the investment details of some coil/spring companies invested in, while for others, we only found limited information regarding the investment. For instance, Genstar Capital did not disclose, the details of its investment in Mohawk Spring. However, the news of this investment was first published in 2013. Therefore, we have assumed that the investment began in the same year. Again, Pummerin Investments failed to disclose details of its investment (acquisition) in Aspen Manufacturing in 2011.
Summary of Findings
- The terms of Genstar Capital's investment in Mohawk Spring (in 2013) were not disclosed. However, Genstar capital is said to usually invest $50 million and $400 million of equity for investments in middle-market companies with enterprise values from $50 million to $1 billion as well EBITDAs over $15 million.
- Middleground Capital invested in (acquired) Peterson Spring on April 23, 2019.
- The company did not disclose the investment amount. However, Peterson's annual revenue as of the date of purchase was estimated at $135 million.
- American Securities LLC. invested in (acquired) MW Industries in September 2017. The value of the acquisition was not disclosed.
- The Riverside Company invested in MW Industries in December 1992 and exited in June 1995. The investment amount was not disclosed.
- The rest of the information is provided in the attached spreadsheet.
Research Strategy
For the purpose of this research on Private Equity Firm's Investment in US Coil/Spring Manufacturing Companies, we leveraged the information provided by credible investment/private equity news sources such as DBusiness, Biz Journal, and Lexis Nexis, to provide the required information.
Unfortunately, we were unable to focus on just investment within the past ten years due to limited data availability. As a result of the limited information, we expanded the scope to accommodate investments beyond the past ten years. However, we prioritized information relating to private equity investments in the past ten years in the US coil/spring manufacturers and expanded as the research progressed and data became unavailable.
Furthermore, we were unable to find the investment details of some coil/spring companies invested in, while for others, we only found limited information regarding the investment. For instance, Genstar Capital did not disclose, the details of its investment in Mohawk Spring. However, the news of this investment was first published in 2013. Therefore, we have assumed that the investment began in the same year. Again, Pummerin Investments failed to disclose details of its investment (acquisition) in Aspen Manufacturing in 2011.