M&A Deal Summary

Alliance Holdings Acquires Spencer Turbine

On May 22, 2007, private equity firm Alliance Holdings acquired manufacturer Spencer Turbine

Acquisition Highlights
  • This is Alliance Holdings’ 1st transaction in the Manufacturing sector.
  • This is Alliance Holdings’ 1st transaction in the United States.
  • This is Alliance Holdings’ 1st transaction in Connecticut.
Investment Fate
  • Spencer Turbine was sold to a strategic buyer in 2021.

M&A Deal Summary
Date 2007-05-22
Target Spencer Turbine
Sector Manufacturing
Buyer(s) Alliance Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Spencer Turbine

Windsor, Connecticut, United States
website
Spencer Turbine is a manufacturer of air and gas handling equipment used in global industrial, municipal, commercial and institutional applications. Spencer Turbine was founded in 1892 and is based in Windsor, Connecticut.

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Buyer(S) 1

Buyer

Alliance Holdings

Investor Investor

website

Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Alliance Holdings is an employee owned private equity firm focused on providing a variety of investment solutions for lower middle-market companies with $10 to $100 million in revenue. Alliance will consider equity, mezzanine, and additional finance solutions to support buyouts, recapitalizations, growth, and special situation needs. Sectors of interests include industrial, business services, consumer, specialty finance, natural resources, energy, oil/gas, healthcare, and chemicals. Alliance Holdings was formed in 1995 and is headquartered in Horsham, Pennsylvania.

DEAL STATS #
Overall 1 of 6
Sector (Manufacturing) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 1 of 5
State (Connecticut) 1 of 2
Country (United States) 1 of 6
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-02 The Sharon Companies

Akron, Ohio, United States

The Sharon Companies Ltd. designs and manufactures steel egress stair systems for commercial construction and services the steel fabricators market.

Sell -
Mergr

Product

Company

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