Daily News: September 7, 2017

TrueNorth Advises MinebeaMitsumi on C&A Tool Acquisition


TrueNorth Capital Partners acted as the exclusive financial advisor to New Hampshire Ball Bearings, its parent NMB (USA) and its ultimate parent MinebeaMitsumi in acquiring 100% of the stock of C&A Tool Engineering.

The acquisition was structured as a joint investment of 51% and 49% by MinebeaMitsumi and Development Bank of Japan respectively. MinebeaMitsumi’s acquisition of C&A will allow it to increase its footprint by expanding further into the aerospace and medical markets while simultaneously boosting its machined components business.

C&A enhances MinebeaMitsumi’s portfolio of machined components with its aptitude for tight tolerances and extreme complexity in manufactured products.

While financial consolidation will take place with MinebeaMitsumi in Japan, C&A will operate under the NHBB/myonic Business Unit and will gain market and customer expertise, as well as global sales reach and expanded resources. With the acquisition of C&A, and previous acquisitions of myonic and CEROBEAR, the NHBB/myonic Business Unit will now operate five manufacturing facilities in the U.S., two in Germany and one in the Czech Republic.

Fred Rossetti, a managing director at TrueNorth and lead banker on this transaction said, “It was an honor to represent the MinebeaMitsumi organization on this transaction. There is no doubt that the addition of C&A will greatly enhance both the NHBB/myonic Business Unit and C&A’s product offerings and provide direct access and increased penetration to each of their respective customer bases.”

Churubusco, IN-based C&A provides customized solutions from design and planning to fabrication and final inspection to top OEM’s in their diverse end markets.

MinebeaMitsumi, is a comprehensive precision components manufacturer with 59 manufacturing facilities in 16 countries and approximately 91,000 employees worldwide.

NHBB is a manufacturer of precision bearings and complex bearing assemblies for the global aerospace, defense, medical, dental and high technology markets.

TrueNorth, with offices in Stamford CT, Minneapolis MN, and Charleston SC, is a boutique investment bank comprised of senior bankers providing a full complement of middle-market financial advisory services.