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ContMid Group Has Been Acquired by Agrati Group

Friday, September 9, 2016

contmidgroup


William Blair acted as the exclusive financial advisor to ContMid Group (CMG), a portfolio company of Monomoy Capital Partners, in connection with its sale to A. Agrati S.p.A. (Agrati). The transaction closed on September 2, 2016. This very successful outcome helped Monomoy achieve an expected 4.0x cash-on-cash return on the investment in just over two years of ownership. This strategic acquisition for Agrati creates one of the top global automotive fastener suppliers. The sale of CMG represents William Blair's 42nd industrial deal and 12th automotive transaction over the last two years.

Transaction Highlights

  • Deep relationships and sector expertise: CMG and Monomoy were attracted to William Blair’s extensive knowledge and experience within the automotive and industrial products sectors, recent transaction experience, and strong relationships with likely strategic and financial acquirers.
  • Trusted guidance: William Blair’s senior deal team was integrally involved in each step of the transaction process and acted as a trusted partner to CMG and Monomoy.
  • Global execution excellence: William Blair designed an international marketing process that included strategic and financial partners, and provided an integrated cross-border execution team with senior resources in the United States, Asia, and Europe.

About the Companies

ContMid Group is a market leader in the design, manufacturing, and distribution of metal fasteners to automotive OEMs, tier-1 automotive suppliers, and industrial manufacturers. The company produces internally and externally threaded nuts and bolts, door strikers, and related products for automotive vehicle systems, including restraint systems, airbags, door hardware, and ride control systems. CMG is a leading provider of Taptite® products, Torx® products, and wheel nuts in North America. The company is based in Park Forest, Illinois, has 485 employees, and operates five manufacturing facilities throughout the Midwest.

Monomoy Capital Partners is a private equity firm with $1.5 billion in committed capital that makes control investments in middle-market businesses in the manufacturing, distribution, and consumer sectors. Monomoy implements customized business improvement programs at its portfolio companies that streamline operating expenses, increase profitability, enhance the cash flow profile, and encourage growth. Over the past 10 years, Monomoy has closed more than 40 middle-market acquisitions.

The Agrati Group is a European market leader in the design and production of fastening systems for the automotive and industrial sectors. The company is based in Veduggio con Colzano, Italy, and after this acquisition has 12 manufacturing plants and five logistics centers located across Europe, North America, and China. Agrati produces a complete and varied range of products, including bolts, screws, nuts, and special engineered parts. Founded in 1939, Agrati has expanded to more than 2,500 employees today and expects sales to exceed $700 million.

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