Metals & Mining

On March 1, 2024, KeyBanc Capital Markets (KBCM) successfully closed the syndication of $510 million Senior Secured Credit Facilities (the Credit Facilities) for Monomoy Capital Partners’ (Monomoy or the Sponsor) acquisition of Titan Purchaser, Inc. (Waupaca or the Company). The Credit Facilities consist of a $150 million Asset-Based Revolving Credit Facility and a $360 million Term Loan B. Proceeds from the transaction will be used to fund the Sponsor's acquisition of Waupaca, pay transaction-related fees and expenses, and for general corporate purposes. KBCM served as Joint Lead Arranger and Joint Bookrunner on the transaction.

Established in 1955, Waupaca is the largest supplier of gray and ductile castings in North America with 3 billion pounds of casting capacity. The Company manufactures highly engineered, mission-critical components for a variety of applications, including automotive, off-highway vehicles, and industrial equipment. As the only foundry in North America with capabilities to design, produce, and install its own equipment, Waupaca differentiates itself as a leading supplier of cast iron. Titan operates the four largest foundries in North America with in-house engineering capabilities and custom-built facilities and machinery.

Monomoy Capital Partners is a private investment firm with $3 billion in assets under management across a family of investment funds. Monomoy invests in the equity and debt of middle market businesses that can benefit from operational and financial improvement with a focus on manufacturing and distribution businesses across industrial and consumer product sectors in North America and Europe. For more information concerning Monomoy and its portfolio companies, visit www.mcpfunds.com.

On March 23, 2023, KeyBanc Capital Markets (KBCM) successfully closed on the syndication of $1.1 billion of Senior Secured Credit Facilities (the Facilities) for U.S. Silica Company (U.S. Silica or the Company). The Facilities consist of a $150 million Revolving Credit Facility and a $950 million Term Loan B Facility. Proceeds from the Facilities will be used to refinance existing indebtedness, pay transaction-related fees and expenses, finance working capital and for general corporate purposes. KBCM acted as Joint Lead Arranger and Joint Bookrunner on the transaction.

Founded in 1894 and headquartered in Katy, TX, U.S. Silica is a diversified global performance materials company and a leading producer of high-value minerals and specialty products used in a variety of industrial applications, with 120+ years of experience mining and processing industrial minerals. The Company employs a differentiated, balanced business model to serve a range of attractive end-markets through two complementary business segments: (i) Industrial Specialty Products, which offers a wide selection of high-purity silica products, industrial minerals and advanced materials to building product, chemical and industrial end-markets, and (ii) Oil & Gas Recovery, which provides proppants and last-mile logistics to the onshore U.S. oil and gas industry.

KeyBanc Capital Markets (KBCM), in collaboration with Clearwater International (CWI), advised John Lawrie Group Ltd. (JLG or the Company), a portfolio company of Rubicon Partners (Rubicon), on its successful sale to Center Rock Capital Partners (Center Rock). The transaction closed on November 7, 2022. KBCM was selected to serve as Sell-Side Advisor based on our industry-leading metals investment banking practice, deep industry expertise and market relationships, and proven track-record of successful M&A execution.

Headquartered in Houston, Texas, John Lawrie is a value-added processor and distributor of steel tubular and piling products primarily used in construction and infrastructure applications. Operating out of six facilities in the US and two in the UK, the Company’s scale offers its customers a unique global supply network and the necessary technical and logistical support to meet their project demands. Customers rely on John Lawrie for reliable, high-quality surplus and secondary steel tubular products that are delivered with short lead times and unmatched customer service.

Rubicon Partners is a hands-on investment partnership focused on the acquisition of complex industrial businesses in the UK. Over the past 29 years, Rubicon has invested in 79 businesses across the manufacturing, distribution and service sectors, ranging in value from £15M to £250M. Rubicon focuses on opportunities for long-term value creation through working closely with company management in addressing strategic opportunities and operational performance.

Center Rock is a Midwest-based private equity firm focused on building leading industrial companies in the lower middle market. Center Rock seeks industrial manufacturing, industrial services and industrial distribution companies headquartered in North America, often with multinational operations and locations that serve both domestic and global markets.

On March 11, 2022, KeyBanc Capital Markets (KBCM) successfully closed the financing of $289 million Incremental Senior Secured Credit Facilities for Canam Steel Corporation (CSC), a portfolio company of American Industrial Partners (AIP). The facilities are comprised of a $40 million Incremental Revolving Credit Facility and a $249 million Senior Secured Term Loan Facility. Proceeds were used to fund a distribution to AIP, support working capital needs and pay transaction related fees and expenses. KBCM served as Joint Lead Arranger on this transaction.

Founded in 1973 and headquartered in Point of Rocks, Maryland, Canam Steel Corporation is a manufacturer of non-residential construction building products including open-web steel joists and a variety of steel deck products. In addition to its steel joist and deck products, CSC offers value-added services including personalized customer service and value-added engineering capabilities. Its products are used in a wide variety of projects including distribution warehouses, schools and high-rise buildings, stadiums, office buildings, retail buildings, and renovations.