Stone Arch Capital has sold East Iowa Machine Company to Steel Technologies

East Iowa Machine Company

East Iowa Machine Company (EIMCo) is a solutions-oriented advanced manufacturer of high value-add metal components and assemblies for diverse end markets, including infrastructure, material handling, semiconductor, medical and air filtration. From short-run prototyping to high-volume production, EIMCo and its subsidiaries, JBT and Hawkeye Metal Spinning, boast a robust suite of highly automated capabilities including computer numerical control machining, robotic welding, assembly, metal fabrication and metal spinning. EIMCo’s scale and breadth of capabilities make it a “one-stop shop” solution, enabling its customers to simplify their supply chains and focus on their own core competencies.

The Deal

Lincoln International represented Stone Arch Capital in its sale of EIMCo Holdings LLC and its subsidiaries to Steel Technologies LLC, a joint venture between Nucor Corporation and Mitsui & Co., Ltd. Under Stone Arch Capital’s ownership, EIMCo completed two acquisitions (JBT and Hawkeye Metal Spinning), diversified its end-market mix and made strategic investments in people, equipment and processes to position itself for continued long-term growth. As a repeat client, Stone Arch Capital engaged Lincoln International to execute a competitive process, which resulted in the successful sale of EIMCo to Steel Technologies. This transaction further demonstrates Lincoln’s expertise within advanced manufacturing.

David Danelz, Chief Executive Officer of EIMCo, commented, “Lincoln supported EIMCo in finding its home for the next stage of growth. Steel Technologies is building a new platform for growth, and its mission, operating excellence and understanding of our business excites our management team.”

Our Perspective

Ben Farris, Lincoln International Managing Director who led the transaction, commented, “It’s been a pleasure and a privilege to work with the Stone Arch Capital and EIMCo teams. The combination with Steel Technologies positions the business incredibly well for its next phase of growth.”

Connect with a Senior Team Member
The entire Lincoln team was focused on delivering from the beginning – knowledge of the markets EIMCo serves, precise process execution and dedicated senior-level attention and advice the whole way through.
Kasey Sime
Director at Stone Arch Capital

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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.