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Announced

2 Oct 2023

Steel Technologies completed the acquisition of East Iowa Machine Company from Stone Arch Capital.

Synopsis

Steel Technologies, a steel processing company, completed the acquisition of East Iowa Machine Company, a manufacturing quality components and assemblies, from Stone Arch Capital, a private equity firm. Financial terms were not disclosed.

Principals

target

East Iowa Machine Company

bidder

Steel Technologies

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Market Context

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Seller Team (2)

aaron saeugling

CFO at EAST IOWA MACHINE COMPANY

Manager

target

Deal

n/a

Total Value

david danelz

CEO at EAST IOWA MACHINE COMPANY

Manager

target

Deals

n/a

Total Value

Bidder Team (2)

steven nosil

CFO at STEEL TECHNOLOGIES

Manager

bidder

Deal

n/a

Total Value

thad solomon

CEO at STEEL TECHNOLOGIES

Manager

bidder

Deal

n/a

Total Value

Vendor Team (4)

charlie knipper

Vice President at Lincoln International

Financial Advisor

vendor

Deals

£ 110 M

Total Value

ben farris

Managing Director at Lincoln International

Financial Advisor

vendor

Deals

£ 205 M

Total Value

brian goodwin

Managing Director at Lincoln International

Financial Advisor

vendor

Deals

£ 463 M

Total Value

clay miller

Co-Founder and Partner at STONE ARCH CAPITAL

Investor

vendor

Deal

n/a

Total Value

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