Oakland Standard Company Acquires Damascus Steel Casting Company

The C.A. Lawton Co. (Oakland Standard) Acquires Penn‑Mar Castings

February 4, 2021

Manufacturing

Oakland Standard Co.’s specialty metals platform, The C.A. Lawton Co., has acquired Penn‑Mar Castings, an iron foundry in Hanover, Pennsylvania. The acquisition adds a third iron foundry location to Lawton’s iron group, expanding capacity and broadening its castings capabilities for HVAC, pump/compressor and motor/generator end markets.

The C.A. Lawton Co. Acquires Nidec Minster's Grey & Ductile Iron Foundry

July 8, 2020

Manufacturing

Nidec Minster Corporation sold its grey and ductile iron foundry to The C.A. Lawton Co., a portfolio company of Oakland Standard; the transaction closed on June 30, 2020. The foundry will operate under Oakland Standard’s Specialty Metals platform as a second location of C.A. Lawton; terms were not disclosed and Balmoral Advisors served as sell-side advisor to Nidec Minster.

The Lawton Standard Co. Acquires Northern Iron & Machine

August 12, 2022

Manufacturing

The Lawton Standard Co. acquired Northern Iron & Machine (NIM), a St. Paul, Minnesota full-service foundry, in a transaction that closed August 12, 2022. The acquisition adds casting size and machining capabilities to Lawton's vertically integrated foundry platform and is intended to expand sourcing options and service offerings for both companies' OEM customers. The seller was led by retiring CEO Scott J. Hamlett.

Gamut Capital Management Acquires Davis-Standard from ONCAP

November 9, 2021

Manufacturing

Gamut Capital Management has signed a definitive agreement to acquire Davis-Standard, LLC from ONCAP (the middle-market private equity platform of Onex). Davis-Standard, a Pawcatuck, Connecticut–headquartered designer and manufacturer of extrusion and converting systems with more than 1,400 employees worldwide, will be positioned for accelerated growth and expanded aftermarket and process-solutions capabilities under Gamut's ownership. Financial terms were not disclosed; the deal was expected to close in Q4 2021.

The Lawton Standard Co. Acquires American Iron & Alloys (Versa-Bar)

November 10, 2022

Manufacturing

The Lawton Standard Co. has acquired American Iron & Alloys, LLC (AIA), a Waukesha, Wisconsin-based processor and distributor of continuous cast iron and bronze bar stock sold under the Versa-Bar brand. The purchase adds distribution and metal-processing capabilities to Lawton Standard’s foundry-focused platform and is intended to support growth of both AIA’s Versa-Bar business and Lawton’s foundry operations.

Olympic Steel Acquires Shaw Stainless & Alloy

October 1, 2021

Manufacturing

Olympic Steel Inc. has acquired the assets of Shaw Stainless & Alloy in an all-cash, immediately accretive transaction; terms were not disclosed. The acquisition brings Shaw's stainless steel distribution, fabrication, architectural and barrier defense businesses into Olympic Steel's specialty metals segment while retaining Shaw's management and operations in Georgia.