Deal Details
Sale to an affiliate of New Star Metals
Summary
Baird served as the exclusive financial advisor to Material Sciences Corporation
About
Material Sciences Corporation (“MSC” or the “Company”) (NASDAQ: MASC) was recently acquired by an affiliate of New Star Metals (“New Star”), a portfolio company of Insight Equity (“Insight”). Under the terms of the transaction, MSC was acquired for $12.75 per share, which represented a fully diluted equity value of approximately $139 million. MSC will be delisted from the NASDAQ Capital Market and terminate its registration and reporting obligations with the Securities and Exchange Commission.MSC is a leading global provider of acoustical and coated material solutions. The Company has expertise in quiet and coating technologies to solve noise, vibration and harshness, weight reduction and temperature problems for customers in the transportation, appliance, HVAC, electronics, consumer products and construction industries. MSC is headquartered in Elk Grove Village, Illinois.
New Star Metals provides steel processing, building products and supply chain management across a diverse array of end markets. New Star Metals operates in four business segments: Electric Coating Technologies, Premier Resource Group, World Class Corrugating and Canfield Coating. New Star is headquartered in Burr Ridge, Illinois.
Insight Equity is a private equity firm that makes control investments in strategically viable, middle market, asset-intensive companies. Insight’s principals have acquired and managed businesses with over $4 billion in aggregate revenue since 2000. Insight is based in Dallas, Texas.
For additional information about this transaction, please contact:
- Date
- March 2014
- Company
- Material Sciences Corporation
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- North America
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