M&A Deal Summary

AMETEK Acquires Micro-Poise Measurement Systems

On October 23, 2012, AMETEK acquired test/measurement equipment company Micro-Poise Measurement Systems from American Industrial Partners for 170M USD

Acquisition Highlights
  • This is AMETEK’s 5th transaction in the Test/Measurement Equipment sector.
  • This is AMETEK’s 13th largest (disclosed) transaction.
  • This is AMETEK’s 30th transaction in the United States.
  • This is AMETEK’s 1st transaction in Ohio.

M&A Deal Summary
Date 2012-10-23
Target Micro-Poise Measurement Systems
Sector Test/Measurement Equipment
Buyer(s) AMETEK
Sellers(s) American Industrial Partners
Deal Type Add-on Acquisition
Deal Value 170M USD

Target

Micro-Poise Measurement Systems

Akron, Ohio, United States
website
Micro-Poise Measurement Systems, LLC ('Micro-Poise') is a leading global provider of measurement and inspection systems and associated aftermarket parts and service for the global tire industry. The company also designs and manufactures precision measurement equipment for certain automotive applications. Micro-Poise's systems are used by manufacturers for process control and quality assurance to assess and correct the balance, uniformity, and geometry of tires, wheels, and powertrain components. Micro-Poise's products are used by customers including Michelin, Pirelli, Hankook Tire, Nissan, and Hyundai. Micro-Poise is headquartered in Akron, OH, with sales offices in Western Europe and Asia along with a wholly owned foreign subsidiary in China.

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Buyer(S) 1

Buyer

AMETEK

Berwyn, Pennsylvania, United States

website

Category Company
Founded 1930
Sector Test/Measurement Equipment
Employees19,600
Revenue 6.2B USD (2022)
DESCRIPTION
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.

AMETEK is a global manufacturer of electronic instruments and electromechanical devices. AMETEK was founded in 1930 and is based in Berwyn, Pennsylvania.

DEAL STATS #
Overall 35 of 71
Sector (Test/Measurement Equipment) 5 of 13
Type (Add-on Acquisition) 30 of 64
State (Ohio) 1 of 3
Country (United States) 30 of 59
Year (2012) 4 of 6
Size (of disclosed) 13 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Dunkermotoren

Bonndorf, Germany

Dunkermotoren GmbH is a developing and producing high-precision electric drive systems for customers in industrial automation, building technology, energy technology (photovoltaics) and medical technology for over 50 years.

Buy €250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 Avtech Avionics & Instruments

Miami, Florida, United States

AAI was established in July 2008 to provide industry leading Avionic, Instrument, and Radio system component maintenance support to its customer base. The leadership team has assembled a cohesive staff of veteran aviation component technicians, managers and support personnel that rivals any of the larger facilities in the area.

Buy -

Seller(S) 1

SELLER

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 13 of 24
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 6
State (Ohio) 2 of 2
Country (United States) 13 of 22
Year (2012) 3 of 3
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-23 Presstek

Hudson, New Hampshire, United States

Presstek, Inc. is a provider of digital offset printing products and solutions to the printing and communications industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Cabinetworks Group

Ann Arbor, Michigan, United States

Cabinetworks Group is a manufacturer of kitchen and bath cabinets, offering a highly-diverse product portfolio of framed and frameless cabinetry that spans the continuum from value-priced options to nearly custom. The Company serves both the R&R and new construction markets through dealers, distributors, home builders, and home centers. Through its manufacturing facilities and service centers strategically located through the United States, Cabinetworks delivers iconic brands including Advanta®, Cabinets 2000, Cardell®, Design-Craft®, Echelon®, KraftMaid®, Master WoodCraft™, MasterCraft™, Medallion®, Merillat®, Modico™, QualityCabinets™, Schuler®, Serenade™, Smart®, Studio Full Access™, and Yorktowne®. Cabinetworks Group is based in Ann Arbor, Michigan.

Buy $27M
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