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Industrials

Merit Capital Partners has sold U.S. Minerals to Reed Minerals, a portfolio company of Speyside Equity

U.S. Minerals

U.S. Minerals is a leading producer and distributor of mineral-based abrasive materials for the surface preparation, roofing and broader industrial markets. The company processes and distributes coal slag, iron silicate and other mineral products for use in blasting media and roofing granules, serving customers through a strategic network of production and distribution facilities. With an established position in the North American mineral abrasives market, U.S. Minerals provides mission-critical materials used across infrastructure maintenance, construction and other industrial applications.

The Deal

U.S. Minerals has established a leading position as a trusted provider of high-quality slag products to the abrasives and roofing industries. The company has driven significant growth through its longstanding customer relationships and expansive manufacturing and distribution footprint. U.S. Minerals has continued to expand its reach through its distribution network, enhance its product capabilities and strengthen its position as a reliable partner to customers across a diverse range of end markets.

Lincoln International leveraged its industry expertise and ability to identify and articulate compelling strategic synergies to effectively position U.S. Minerals’ capabilities and growth opportunities and drive a strong outcome. Lincoln acted as the exclusive financial advisor to U.S. Minerals, and Godfrey & Kahn served as legal counsel for Merit. The terms of the transaction were not disclosed.

Tom Campion, Managing Director of Merit Capital Partners, commented, “We are proud of U.S. Minerals’ growth and accomplishments and believe this transaction represents an opportunity for the company to continue its momentum as part of a strategic organization with complementary capabilities and resources. We look forward to seeing U.S. Minerals build on its strong foundation and continue to thrive in its next chapter.”

Our Perspective

Adam Gifford, a Lincoln International Managing Director who led the transaction, commented, “U.S. Minerals has built a strong position in the mineral abrasives industry through its established customer relationships and commitment to quality and service. The company is well-positioned to continue its growth as part of the Reed Minerals platform, and we are excited to see what the team will accomplish in this next phase.”

Merit Capital Partners

Merit has invested more than $2.5 billion of capital across equity and mezzanine capital in middle market companies, principally in manufacturing, distribution and services industries. Merit focuses on recapitalizations and buyout transactions, primarily in partnership with family-owned companies, existing owner-managers and with independent sponsors. Merit will continue to invest in high-quality, established businesses with strong management teams and carefully conceived operating strategies. For more information, please visit www.meritcapital.com.

Reed Minerals

Reed Minerals is a leading producer and distributor of mineral abrasives used in surface preparation, roofing and other industrial applications. The company supplies customers across the United States through a network of processing, packaging and distribution facilities and offers products in bulk, bag and supersack formats. For more information, please visit www.reedsolutions.com.

Speyside Equity

Speyside Equity is a Detroit-based private equity firm that invests in middle market manufacturing and value-added distribution businesses. Targeted companies often possess balance-sheet, legal, environmental, labor or transactional complexity. Speyside focuses on creative transaction structures and is experienced investing in carve-outs, industry consolidations, family-owned businesses and other special situations. Speyside takes an operational approach to creating value across its portfolio. For more information, please visit www.speysideequity.com.

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Adam Gifford

Managing Director

Chicago

Robert Reifman

Managing Director & Co-Head of Industrials

Chicago

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