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Infrastructure market-minded investor acquires HawkeyePedershaab

Sources: Livingstone, Chicago; CP staff

International mid-market merger & acquisition advisor Livingstone has announced the sale of U.S. pipe and drainage product machinery mainstay HawkeyePedershaab, Inc., to Forsyth Capital Investors, St. Louis.

“HawkeyePedershaab is an industry pioneer in the manufacture of capital equipment serving the global infrastructure sector,” says Livingstone Managing Director Karl Freimuth. “We are proud to have advised [it] on a successful sale and found an experienced partner in Forsyth Capital to support the company’s ambitious global growth strategy.”

“Livingstone’s Industrial team demonstrated a deep knowledge of our business model and sector, while serving as a valuable resource to the management team throughout the process. [Its] professionalism and steadfast approach from deal inception to closing were critical to delivering a successful transaction,” adds HawkeyePedershaab CEO Vern Cameron.

With manufacturing facilities in Mediapolis, Iowa, and Bronderslev, Denmark, HawkeyePedershaab offers a comprehensive portfolio of equipment systems and aftermarket parts—from stand-alone production machines to fully automated plants with robotics and control technology. “[It] represents a strong platform business in the infrastructure equipment industry, one of the key target sectors Forsyth Capital has been pursuing,” notes Forsyth Capital Managing Director Ryan Gable, crediting HawkeyePedershaab’s leadership and 278 team members worldwide with “commitment to providing the highest quality products and services."