Mason Wells in talks to acquire Wisconsin coating firm
Milwaukee-based Mason Wells is in talks to acquire Coating Excellence International LLC of Wrightstown, Wis., according to a report at LBO Wire.
No financial terms were disclosed. CEI is a manufacturer of flexible packaging for paper reams and food and industrial products.
Kevin Kenealey, managing director with Mason Wells, declined to comment on the report.
Mason Wells is one of the leading private equity firms in the Midwest, with venture capital and buyout funds under management. Founded in 1982 as a subsidiary of Marshall & Ilsley Corp., Mason Wells became an independent firm in 1998.
Indiana company acquires Green Bay apparel firm
Green Bay-based Corporate Apparel Unlimited Inc. has been sold to Wolfe Diversified of Anderson, Ind.
Wolfe Diversified acquired the company from Phil Sr. and Charla Beukema and Phil Jr. and Brandi Beukema of Luxemburg, Wis. The transaction was handled by Jason Muenster of Cornerstone Business Services Inc. in Green Bay.
Corporate Apparel Unlimited was founded eight years ago as an internet wholesaling and retailing company, providing a range of corporate, casual and work apparel, as well as promotional products to customers around the country.
Wolfe Diversified plans to roll Corporate Apparel Unlimited into ESC Promotions, an online fundraising solutions provider that utilizes several different products, including corporate apparel.
Financial terms of the transaction were not disclosed.
Brady Corp. acquires Connecticut company
Milwaukee-based Brady Corp. announced that it has acquired DAWG Inc. of Terryville, Conn.
DAWG (which stands for "Doing Away With Grime") is a direct marketer of sorbents, spill-containment products, safety-storage cabinets, first-aid kits and other products that help keep facilities safe and clean. The company, founded in 1991, had sales of approximately $4.5 million in 2007. The company’s products are sold to facility managers, safety managers, maintenance and housekeeping functions.
Financial terms of the transaction were not disclosed.
The acquisition of DAWG enables Brady to increase its share of the sorbents and spill containment market which it added to its portfolio with the acquisition of SPC in April of last year.
Kevin Lacilla, president and founder of DAWG, said, "The dynamic customer acquisition model of DAWG coupled with Brady’s expertise in sorbent manufacturing and direct marketing makes for a win-win business combination."
"DAWG is a company that has built its business on superb personal care and has a strong customer base. Their expertise with internet-based customer acquisition models and search-engine capabilities is particularly strong and can add value to our other direct marketing businesses. We also look forward to bringing our products to their customers," said Matt Williamson, president of Brady Americas.
Actuant Corp. acquires Louisiana firm
Butler-based Actuant Corp. announced it has acquired Superior Plant Services LLC (SPS) for approximately $57 million in cash.
Funding for the completed transaction came from Actuant’s revolving credit facility.
Headquartered in Terrytown, La., SPS is a specialized maintenance services company serving the oil & gas and nuclear power industries in North America, primarily in the Gulf of Mexico and mid-Atlantic regions of the United States. Its services include field machining, flange weld testing, line isolation, bolting, heat treating, and metal disintegration.
SPS generated approximately $25 million in revenues last year. SPS will operate as part of Hydratight, within Actuant’s Industrial Segment.
Brian Kobylinski, Leader of Actuant’s Industrial Segment, said, "SPS is a great addition to our global joint integrity platform, adding a significant presence to our service business both in oil & gas in the important Gulf of Mexico region and in power generation in the mid-Atlantic. Its long-standing customer relationships and trained workforce of over 125 service technicians represent excellent complements to our existing Hydratight business.
SPS president Al Shiyou and his management team have been successful in growing their business and we look forward to them joining the Actuant team."
