Summit Steel Fabricating Group Acquires Laser Specialties, Inc.

Weller Metalworks Acquires Laser Precision

August 10, 2023

Manufacturing

Weller Metalworks, the fabrication platform established by LFM Capital, has acquired Laser Precision, a Libertyville, Illinois-based full-service metal fabricator. The add-on acquisition (terms undisclosed) expands Weller's capabilities in laser cutting, forming, finishing and powder coating to better serve industrial equipment OEM customers.

Bain Capital and Cinven to Acquire Lonza Specialty Ingredients

February 8, 2021

Manufacturing

Bain Capital Private Equity and Cinven have entered into definitive agreements to acquire Lonza Specialty Ingredients (LSI), a division of Lonza AG, for a total enterprise value of CHF 4.2 billion. LSI, headquartered in Basel, Switzerland, is a global provider of specialty chemicals for microbial control with ~2,800 employees, and the consortium intends to invest in R&D, bolster production capabilities and use LSI as a platform for buy-and-build consolidation in the sector; the transaction was expected to close in H2 2021.

Hickey Metal Fabrication Acquires Ohio Laser

November 15, 2024

Manufacturing

Hickey Metal Fabrication, a family-owned metal fabrication business based in Salem, Ohio, has acquired Ohio Laser of Plain City, Ohio. Hickey will retain Ohio Laser's management and operations while integrating its laser cutting and fabrication capabilities to support future growth and expanded service offerings.

Summit Equity Group & Midwest Growth Partners Acquire Livingston Machinery Company; Create Ag Solutions Group Platform

April 9, 2021

Agriculture

Summit Equity Group and Midwest Growth Partners, with co-investor Northcreek Mezzanine and Livingston management, acquired Livingston Machinery Company by purchasing stock held in the company’s ESOP and capitalized Ag Solutions Group Holding Company, LLC to combine Livingston with Ag Solutions Group. The move creates a scaled agricultural equipment dealer platform serving multiple Midwest and Southern states and provides capital for growth, M&A and management succession.

Summit Equity Group Acquires CAI Custom Alloys

August 9, 2022

Manufacturing

Summit Equity Group, a Des Moines-based private investment firm, has acquired CAI Custom Alloys, Inc., a Belvidere, Illinois processor of high-performance superalloy scrap. The transaction — advised by Dresner Partners — will allow CAI to accelerate market penetration and expand its capabilities supplying nickel-, cobalt- and specialty-superalloy materials to aerospace and high-performance industrial customers; financial terms were not disclosed.

Delos Capital and The Silverfern Group Acquire Le Sueur Incorporated

January 5, 2023

Manufacturing

Delos Capital and The Silverfern Group partnered with Le Sueur Incorporated's management team to complete a buyout of the family-owned manufacturer LSI, with Ironwood Capital and Genesis Park providing supporting debt and equity. The transaction secures continuity after a third-generation ownership period and positions LSI to pursue growth through manufacturing and technology investments.