Industrial Magnetics, Inc.
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Industrial Magnetics, Inc. - overview
Established
1961
Location
Boyne City, MI, US
Primary Industry
Logistics & Distribution
About
Based in Michigan, US, and founded in 1961, Industrial Magnetics, Inc. designs, manufactures, and distributes permanent magnets and electromagnets for work holding, lifting, fixturing, conveying and magnetic separation. In February 2016, DNS Capital acquired IMI Holdings Corporation from River Associates. In September 2020, Industrial Magnetics, Inc.
acquired Walker Magnetics, the recycling industry's suppliers of magnetic equipment. Industrial Magnetics, Inc. provides automation group products, mag-mate® group products, tramp metal group products, smart-mag® group products and testing and inspection items. Automation group products comprise magnetizers & demagnetizers, end-of-arm tooling, lift systems for moving steel sheets, rounds & parts, conveyor systems, magnetic conveying rail and sheet fanners for separation.
Smart-mag® group products offer alignment smart-mag®, experimental smart-mag®, latch smart-mag®, max-attach® smart-mag®, spring smart-mag®, and smart-mag® demonstrator kits. In addition, the company provides services, including preventative maintenance, magnet audit and plant survey, lift magnet testing and certification services, trade-in/upgrade, price match, quickship® and others. The products and services of the company serve various industries, including fabrication, automotive, conveying, stamping, welding, recycling and more. Industrial Magnetics, Inc.
plans to use the acquisition of Walker Magnetics to offer a wide range of material handling and metals sorting solutions to the scrap recycling industry.
Current Investors
DNS Capital, Castle Crow & Company
Primary Industry
Logistics & Distribution
Sub Industries
Industrial Wholesalers
Website
www.magnetics.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Industrial Magnetics, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Walker Magnetics Group, Inc. | - | ||||||||
| Secondary Buyout | Completed | Industrial Magnetics, Inc. | - | ||||||||
| Add-on | Completed | Prater-Sterling | - | ||||||||
| Secondary Buyout | Completed | Industrial Magnetics, Inc. | - | ||||||||
| Buyout | Completed | Industrial Magnetics, Inc. | - |
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