Saugatuck Capital Acquires Controlled Products Group

Exocor, a portfolio company of Saugatuck Capital and a supplier of welding filler metals, has acquired Controlled Products Group, a division of Special Metals Corporation.

Controlled Products Group (CPG) is a distributor of welding consumables and provides technical support including filler metal recommendations. The company serves the nuclear, petrochemical, hydroelectric and food processing sectors. CPG is based in Stoney Creek, Ontario (www.controlledproductsgroup.com).

Exocor is a seller of welding filler metals used for fabrication, repair and refurbishment across a group of heavy industries including oil and gas, power generation and infrastructure. Products include electrodes, wires, fluxes, strip and consumable inserts needed to create welds required by demanding environments. Exocor was founded in 1997 and has four locations across Canada. The company is based in St. Catherines, Ontario (www.exocor.com).

Royal Bank of Canada, Roynat Capital and NorthSpring Capital Partners provided debt financing for the transaction.

Saugatuck Capital invests in leveraged recapitalizations, buyouts, and growth equity investments in the lower middle-market. Saugatuck seeks companies with revenues of $15 million to $125 million in fragmented service and manufacturing industries. Saugatuck was founded in 1982 and is located in Wilton, CT (www.saugatuckcapital.com).

© 2012 PEPD • Private Equity’s Leading News Magazine • 10-2-12