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Speyside Equity is an operationally focused private equity firm that has been successfully investing in manufacturing-related businesses since 2005.

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Archive for month: May, 2016

You are here: Home » News » 2016 » May

Speyside Equity acquires Dalton Foundry Corporation from Neenah Enterprises Inc.

13 May 2016

Speyside Equity in partnership with Beckner Clevy Partners announces the acquisition of Dalton Foundry Company from Neenah Enterprises. The transaction was completed on 5/2/2016 and includes the main casting facility in Warsaw, IN and a machining facility in Stryker, OH.
Since 1914 Dalton Foundry has been a leading manufacturer of Complex Machined Grey Iron Castings for the Industrial, HVAC, Agricultural, Marine and Construction Market. It has annual revenues of $70 Million.
“Dalton has a tremendous legacy and Speyside has a strong track record in the industry. We are excited to partner with management to drive exceptional performance. The current environment for foundries is challenging, but Dalton has the capabilities to manage through this environment and create a sustainable path for the next 100 years,” said Managing Director Jeffrey A. Stone.
About Speyside Equity

Formed in 2005, Speyside Equity employs an operationally intensive approach to investing in specialty chemicals, industrials/metal forming and food ingredients businesses. It targets companies with a history of strong revenue, a defensible position in their respective markets, and a core group of managers that can move the business forward. Speyside prefers situations where there are opportunities to leverage its operating expertise to improve financial performance and create sustainable long-term value.
Since its formation, Speyside has successfully executed numerous platform investments and add-on acquisitions using its own capital. The team made its first investment in Sweet Ovations, a food ingredient company, in 2005 and had its first exit in 2010 when it sold Stahl Specialty Company. This principal-driven investment philosophy and approach will continue in its $130 million institutional fund closed in January 2016, Speyside Equity Fund I LP.

http://www.speysideequity.com.

Contact:
Jeffrey A. Stone
Speyside Private Fund Advisers LLC
Jeffrey.Stone@speysideequity.com
212-994-0308 x 204

Speyside Equity acquires Opta Minerals Inc.

10 May 2016

Speyside Equity is pleased to announce that it has acquired Opta Minerals Inc (TSX: OPM). The acquisition was approved by the selling shareholders on March 31, 2016 and closed in April.

Opta Minerals is a vertically integrated provider of custom process solutions and industrial mineral products used primarily in the steel, foundry, loose abrasive cleaning, water-jet cutting and municipal water filtration industries. Opta Minerals has production and distribution facilities throughout Canada and the U.S., as well as locations in France, Slovakia and Germany.

Speyside founding partner, Kevin Daugherty: “We are excited to announce the acquisition of Opta Minerals. It is a good business with excellent upside and a great way to start putting money to work for our new $130 million fund that we closed in January.”

Speyside operating partner, Eric Wiklendt: “We think that we have the right operational mindset and managerial discipline to complete the turnaround of Opta Minerals.”

About Speyside Equity
Speyside Equity invests in middle-market industrial businesses with a history of profitability and strong market positions. It has a focus on the industrial, chemical and food sectors with an affinity for cross-border deals, and spin-offs of large multinationals. Target investments are typically headquartered in developed markets in the United States and Europe, and valued at US$20-200 million.

Contact:
Jeffrey A. Stone
Managing Director
Speyside Private Fund Advisers LLC
E: jeffrey.stone@speysideequity.com
T. 212 994 0308 x 204

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