Hidden Harbor acquires Anchor Danly and AWC from Connell family

CPE Media News – pcJournal (9/24/2108) – Hidden Harbor Capital Partners has acquired Anchor Danly Inc. and its sister company AWC Manufacturing LP from Connell Limited Partnership. The acquisition closed on September 18, 2018. Financial terms were not disclosed. Czech Asset Management, L.P. provided debt financing for the transaction.

Windsor, Ontario based Anchor Danly is a leading manufacturer of build-to-print steel plate and structural products. Guelph, Ontario based AWC Manufacturing is a first class custom steel fabrication centre and a tier one supplier to the mining, construction and locomotive industries. With

Connell Limited Partnership, a Boston based family office, formed Anchor Danly from its acquisition of former Danly Die Set division of Ogden Corporation in 1987 and acquired AWC Manufacturing in 2015.

Fort Lauderdale, Florida based Hidden Harbor Capital Partners is an operationally focused private equity firm specializing in control investments in lower middle market companies with between US $50 million to US $500 million in revenue.

photo credit: Anchor Danly

News Release

Hidden Harbor Capital Partners Closes on Anchor Danly in Fourth Platform Acquisition

Fort Lauderdale, Florida, September 18, 2018 – Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally focused private equity firm specializing in control investments in lower middle market companies, is pleased to announce the acquisition of Anchor Danly and AWC Manufacturing (the “Company”), the leading North American manufacturer and distributor of critical industrial tooling and related components and provider of metal fabrication services to tool and mold companies and other industrial OEMs.

Founded in 1922, Anchor Danly is the leading provider of high quality die sets, ground and machined steel plates, metal fabrication and components used in the production of industrial tooling, including metal stamping and blow and injected molded tools and dies, as well as other large, highly complex fabricated products. Headquartered in Windsor, Ontario with several facilities located in the core of the North American tooling industry, the company serves a global and blue-chip customer base across diverse end markets.

“Over its nearly 100-year operating history, Anchor Danly has established itself as the market leading brand in die sets and plates, recognized for its superior quality, technical expertise, customizable product portfolio, broad service offering and responsive delivery to its loyal customer base,” said Andrew Joy, a Principal at Hidden Harbor.

“In partnership with the Anchor Danly and AWC management teams, we look forward to executing on a comprehensive growth strategy and providing operational and financial resources to help the Company effectively scale its operations,” added Chris Paldino, a Founding Partner at Hidden Harbor.

“We are thrilled to partner with Hidden Harbor,” said Mike Hayton, President of Anchor Danly and AWC. “Their deep operational resources and manufacturing expertise will help us execute against our significant growth opportunities while continuing to deliver exceptional service to our existing customers.”

Hidden Harbor’s acquisition of Anchor Danly and AWC closed on September 18th, 2018. Czech Asset Management, L.P. provided financing for the transaction. Configure Partners served as financing advisor to Hidden Harbor. Lincoln International served as an advisor to the Company. Terms of the transaction were not disclosed.

About Anchor Danly

Anchor Danly, based in Windsor, Ontario with state-of-the-art manufacturing locations in the United States and Canada, is the leading North American manufacturer and distributor of critical industrial tooling and related components and provider of metal fabrication services to tool and mold companies and other industrial OEMs. The company provides high quality die sets, ground and machined steel plates, metal fabrications and components, serving a diverse blue-chip customer base of leading manufacturing companies across diverse end markets. To learn more, visit www.anchordanly.com or www.alloy-welding.com.

About Hidden Harbor Capital Partners

Hidden Harbor Capital Partners is a private equity firm with an operations soul and intense passion for building great companies. Hidden Harbor brings large-scale, private equity experience and resources to the lower middle market with a focus on value-oriented, operationally intense situations. Our principals are InvestorOperators® who bring over 55 years of both extensive transaction and operating experience to truly understand your business. As one team, we partner and work hand-in-hand with our portfolio companies to drive business successes. For more information, visit www.hh-cp.com.

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Media Contact
Julia Bennett: (904) 534-4468 / jbennett@hh-cp.com


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