Deals
American Securities Exploring $2.5 Billion Exit of CPM
- Firm working with adviser on sale of food equipment maker
- American bought the company in 2018 from Gilbert Global
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Private equity firm American Securities is considering a sale of food equipment maker CPM Holdings Inc., according to people familiar with the matter.
The New York-based buyout firm is working with an adviser to explore strategic options, including a sale in early 2023, that could value Waterloo, Iowa-based CPM at more than $2.5 billion, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The company is expected to attract interest from peers, the people said.