194 Views

American Securities completes Royal Adhesives acquisition

American Securities LLC has closed its previously announced acquisition of Royal Adhesives and Sealants LLC. The seller was Arsenal Capital Partners. No financial terms were disclosed. Headquartered in South Bend, Indiana, Royal Adhesives is a maker of high-performance adhesives and sealants.

211 Views

American Securities to acquire Royal Adhesives from Arsenal

American Securities has agreed to buy Royal Adhesives and Sealants LLC from Arsenal Capital Partners. No financial terms were disclosed for the transaction that was done with management and is expected to be completed in June 2015. Headquartered in South Bend, Indiana, Royal is a maker of high-performance adhesives and sealants.

390 Views

American Securities recaps Aspen Dental

American Securities has recapitalized Aspen Dental. Leonard Green & Partners is the seller. Financial terms weren’t announced. Green acquired Aspen Dental in 2010. Aspen provides non-clinical business support services to dental practices in approximately 30 states.

113 Views

American Securities-backed MPG rolls out IPO

Metaldyne Performance Group, which is owned by American Securities, has raised $150 million for its IPO after pricing its 10 million shares at $15 per share. The stock began trading Friday on the NYSE under the ticker symbol “MPG.” BofA Merrill Lynch, Goldman Sachs, Deutsche Bank Securities, Barclays Capital, Credit Suisse Securities (USA) and RBC Capital Markets are the lead underwriters. Headquartered in Plymouth, Michigan, MPG is a provider of powertrain components.

463 Views

Apollo to acquire Presidio from American Securities

Apollo Global Management has agreed to buy Presidio from American Securities. No financial terms were disclosed. LionTree Advisors was financial advisor to Apollo on the transaction while Barclays Capital and Credit Suisse Securities acted as financial advisors to Presidio. Presidio is an IT infrastructure solutions provider.

PE-owned Frontier ups Perkins to CEO

Frontier Spinning Mills, which is owned by American Securities, has promoted Robin Perkins to CEO. Perkins is succeeding John L. Bakane who is retiring from his post as CEO but will continue as executive chairman of Frontier’s board of directors. Also, Frontier has promoted Barbara F. Walton to executive vice president and chief financial officer; John M. Maness to executive vice president of manufacturing; John C. Riddle to senior vice president of sales; and John W. Garris to vice president of international sales. Based in Sanford, North Carolina, Frontier is a producer of spun yarns for the knitting and weaving sectors.

136 Views

PE-backed Fairmount Santrol debuts IPO

Fairmount Santrol, which is backed by American Securities, has raised $400 million for its IPO after pricing its 25 million shares at $16 per share. The stock began trading Friday on the NYSE under the ticker symbol “FMSA.” Among the underwriters are Morgan Stanley, Wells Fargo, Barclays and Goldman Sachs. Based in Chesterland, Ohio, Fairmount Santrol is a provider of sand-based products for oil and gas exploration and production companies.

722 Views

PE-owned Fairmount Santrol files for IPO

Fairmount Santrol (formerly known as Fairmount Minerals), which is owned by American Securities, has filed for an IPO. The number of shares that will be sold as well as the pricing terms of the stock have yet to be set. Based in Chesterland, Ohio, Fairmount Santrol is a provider of sand-based products for oil and gas exploration and production companies.

449 Views

PE-backed Metaldyne completes merger with Grede and HHI

Metaldyne, which is backed by American Securities, has merged with Grede Holdings and HHI Group Holdings to form MPG. No financial terms were disclosed. George Thanopoulos, HHI’s CEO, will become MPG’s CEO while Thomas Amato, CEO of Metaldyne and Doug Grimm, CEO of Grede, will become co-presidents of MPG. As a result of the transaction, MPG will become a manufacturing firm focused on transmission, engine, driveline and safety critical applications in passenger, commercial and industrial vehicles.

139 Views

American Securities sells Healthy Directions for about $195 mln

American Securities has sold Healthy Directions to Helen of Troy Limited for approximately $195 million. Houlihan Lokey was financial advisor to American Securities and Healthy Directions on the transaction. Healthy Directions is a health publisher and a provider of nutritional supplements and skincare products.

195 Views

American Securities acquires Grede

American Securities has acquired Grede Holdings, which was backed by Wayzata Investment Partners. No financial terms were disclosed for the the transaction, which was done in partnership with Grede’s management. Headquartered in Southfield, Mich., Grede is a maker of cast, machined and assembled components for transportation and industrial sectors.

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