Royal Adhesives & Sealants buys Adhesive Systems

By Luisa Beltran — 1 month ago

Royal Adhesives & Sealants LLC, a portfolio company of American Securities LLC, has acquired Adhesive Systems Inc. Financial terms weren’t announced. Frankfort, Illinois-based ASI develops, makes and markets cyanoacrylate, methyl methacrylate, epoxy and anaerobic adhesives.

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American Securities to sell Robertson Fuel Systems for $255 mln

By Iris Dorbian — 2 months ago

American Securities LLC has agreed to sell Robertson Fuel Systems LLC to HEICO Corp for $255 million. Moelis & Company and SunTrust Securities provided financial advice to American Securities and Robertson on the transaction while UBS Investment Bank did likewise for HEICO. Based in Tempe, Arizona, Robertson is a maker of fuel systems for military rotocraft.

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PE-owned Metaldyne president/CEO to leave company

By Iris Dorbian — 2 months ago

Metaldyne Performance Group, which is owned by American Securities, said Wednesday that Thomas Amato, co-president of MPG and president/CEO of Metaldyne LLC, will be leaving the company the end of this year. In conjunction with Amato’s departure, Douglas Grimm, the current co-president of MPG, has been appointed president and chief operating officer while Russell Bradley has been named executive vice president of sales. Headquartered in Plymouth, Michigan, MPG is a provider of powertrain components.

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American Securities completes Royal Adhesives acquisition

By Iris Dorbian — 8 months ago

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.

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American Securities to acquire Royal Adhesives from Arsenal

By Iris Dorbian — 10 months ago

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.

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American Securities recaps Aspen Dental

By Luisa Beltran — 11 months ago

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.

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American Securities-backed MPG rolls out IPO

By Iris Dorbian — 1 year ago

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.

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Apollo to acquire Presidio from American Securities

By Iris Dorbian — 1 year ago

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.

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PE-owned Frontier ups Perkins to CEO

By Iris Dorbian — 1 year ago

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.

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PE-backed Fairmount Santrol debuts IPO

By Iris Dorbian — 1 year ago

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.

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PE-owned Fairmount Santrol files for IPO

By Iris Dorbian — 1 year ago

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.

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PE-backed Metaldyne completes merger with Grede and HHI

By Iris Dorbian — 2 years ago

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.

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