American Securities buys CPM

American Securities LLC has acquired Waterloo, Iowa-based CPM Holdings Inc, a provider of engineered process equipment to the animal feed, oilseed processing, extrusion and thermal processing markets. No financial terms were disclosed. BMO Capital Markets Corp acted as a financial adviser to American Securities while Jefferies LLC did likewise for CPM. And, Cypress Associates LLC also served as financial adviser to the CPM board and its majority shareholder.


NEW YORK, Nov. 16, 2018 /PRNewswire/ — American Securities LLC, a leading U.S. private equity firm, today announced the closing of its acquisition of CPM Holdings, Inc. (“CPM” or the “Company”) in partnership with the Company’s management team. CPM is a leading global supplier of engineered process equipment to the animal feed, oilseed processing, extrusion and thermal processing markets. Financial terms of the transaction were not disclosed.

Headquartered in Waterloo, Iowa, CPM designs, engineers and manufactures a broad variety of branded pellet mills, oilseed processing equipment, twin screw extruders and industrial scale thermal processing equipment. The Company serves a global base of over 5,000 customers annually from facilities in Europe, Asia, Latin America, and North America. CPM produces premier process equipment and engineered systems that provide customers a superior level of operating efficiency, durability and reliability, maximizing process performance and machine uptime. This has allowed the Company to maintain leading market positions across each of its end markets.

Ted Waitman, President and Chief Executive Officer of CPM, commented, “CPM has a strong history of market leadership. We are excited about our new partnership with American Securities to continue investing in product innovation, geographic expansion and growing our aftermarket sales across all of our segments.”

“We are pleased to partner with Ted and the rest of the CPM management to continue to build upon their leading position in the animal feed, oilseed processing, extrusion, and thermal processing industries,” said Michael Sand, a Managing Director of American Securities. “The Company’s leading technology, brand reputation, and long-standing customer relationships make CPM a strong fit for our investment strategy.”

Weil, Gotshal & Manges LLP served as legal counsel to American Securities, and Mayer Brown LLP served as legal counsel to CPM with respect to the transaction. BMO Capital Markets Corp. acted as a financial advisor to American Securities, and Jefferies LLC acted as financial advisor to the Company with respect to the transaction. Cypress Associates, LLC also served as financial advisor to the CPM Board and its majority shareholder.

About CPM
Established in 1883, CPM is a leading supplier of process equipment and technology for the animal feed, oilseed, bioenergy, compounding, engineered materials and human food processing industries. CPM’s pelleting, extraction, grinding, flaking, extrusion, thermal processing and automation equipment excel in the most demanding applications. CPM’s California Pellet Mill, Crown, CPM Extrusion, and CPM Thermal Processing business segments design, produce and support equipment and systems under globally recognized brands, including Beta Raven, California Pellet Mill, Roskamp, Champion, Di Più, Crown, Century, Ruiya, Extricom, Greenbank, Proline, TSA Griddle, and Wolverine Proctor. CPM has more than 1,000 employees with production facilities in the Americas, Europe, and Asia. For more information, visit

About American Securities
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. American Securities and its affiliates have approximately $23 billion under management. For more information, visit