Deal Details

CPM and MW Components Are Sold to Rosebank

Industrial

CPM and MW Components, portfolio companies of American Securities, sale to Rosebank

Summary

CPM Holdings Inc. ("CPM”) and ASP MWI Holdings Inc. (“MW Components”), portfolio companies of American Securities LLC (“American Securities”), have both entered into a definitive agreement to be sold to Rosebank Industries (“Rosebank”) (LON: ROSE) in a transaction valued at an enterprise value of $3.25 billion, inclusive of an up to $200 million potential earnout payment.* The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions.

Baird served as the lead financial advisor to CPM and MW Components on this transaction.

About

Founded in 1883, CPM has evolved from its origins as the California Pellet Mill into a diversified industrial business. CPM has become an innovative leader in the design and manufacture of highly engineered process equipment and automation systems. CPM serves a global customer base, operating through three core segments: Industrial Solutions, Engineered Solutions and Process Solutions primarily serving the animal feed, oilseed processing, renewable energy, food and other industrial markets. The company operates 35 facilities globally and maintains a commercial presence in more than 100 countries, with approximately 1,700 employees. CPM is headquartered in Blaine, Minnesota.

MW Components is a manufacturer of highly engineered, bespoke fasteners, springs and precision metal components, wholly based in the U.S. MW Components has evolved through significant organic growth and a prolific "buy-and-build" strategy, positioning itself as a leading manufacturer of specialty fasteners and springs in North America, serving over 14,000 OEMs, distributors and aftermarket customers through multiple channels across the aerospace, medical, electronics, energy, agriculture, construction and other diversified industrial sectors. MW Components houses over 24 industry–leading brands and manufactures products that are mission-critical but represent only a small portion of the overall finished product cost. The company operates 24 manufacturing facilities across the United States and employs more than 1,750 people. MW Components is headquartered in Charlotte, North Carolina.

Founded in 1994, American Securities is a leading U.S. private equity firm that invests in North American companies, primarily in the industrial and B2B services sectors. With $23 billion under management, American Securities partners with businesses generating $200 million to $2 billion in annual revenues. American Securities combines deep sector expertise, differentiated insights and proven internal capabilities to serve as transformational partners that drive growth and build enduring value. American Securities’ investment philosophy emphasizes capital preservation through disciplined investing and hands-on engagement, paired with repeatable value creation processes and operational excellence. American Securities is headquartered in New York, New York with an office in Shanghai.

Rosebank was established in 2024 to acquire businesses whose performance the Directors believe can be improved so as to create shareholder value. Rosebank's strategy is to acquire quality industrial or manufacturing businesses with strong fundamentals whose performance may be improved. Through investing in acquired businesses, changing management focus and delivering operational improvements, Rosebank seeks to increase and realize the value in such businesses, typically over a three-to-five-year investment horizon and to return the proceeds to shareholders. Rosebank is headquartered in London, UK.

*Earnout payment is subject to the achievement of certain FY26 performance targets.

Industrial

CPM and MW Components, portfolio companies of American Securities, sale to Rosebank