Acquisition of Midland Steel Traders (Holdings) Limited (“MST”) by USCO S.p.A. (“USCO”)

Deal typePrivate Equity & Transaction Services
Client nameUSCO S.p.A

USCO (a portfolio company of One Equity Partners) is a leading global manufacturer and supplier of components for earth-moving machines, including undercarriages, G.E.T. (wear parts), buckets and repair parts.

The acquisition of MST represents continued development of USCO’s global footprint, further establishing USCO as a recognised worldwide leader in its sector.

USCO has had a strong trading relationship with MST for a number of years; MST representing its historical undercarriage components dealer in Great Britain. USCO currently employs around 1,600 employees in six manufacturing centres and 40 distribution and service centres, in continents including North America, Europe and Asia.

“The BDO Transaction Services team provided excellent support on USCO's first UK acquisition. Their financial and tax due diligence report demonstrated a strong understanding of the business and key financial and commercial considerations. We look forward to working with BDO again in the future”.
Steven Lunau Jr., Director, One Equity Partners.