M&A Deal Summary

General Electric Acquires Dresser

On October 6, 2010, General Electric acquired energy services and equipment company Dresser from The Carlyle Group and Riverstone Holdings for 3.0B USD

Acquisition Highlights
  • This is General Electric’s 1st transaction in the Energy Services and Equipment sector.
  • This is General Electric’s 7th largest (disclosed) transaction.
  • This is General Electric’s 10th transaction in the United States.
  • This is General Electric’s 1st transaction in Illinois.

M&A Deal Summary

Date 2010-10-06
Target Dresser
Sector Energy Services and Equipment
Buyer(s) General Electric
Sellers(s) The Carlyle Group
Riverstone Holdings
Deal Type Add-on Acquisition
Deal Value 3.0B USD

Target

Dresser

Elk Grove Village, Illinois, United States
website
Dresser, Inc. provides highly engineered products for the global energy infrastructure. Dresser's broad portfolio of products includes valves, actuators, meters, switches, regulators, piping products, natural gas-fueled engines, retail fuel dispensers and associated retail point of sale systems, and air and gas handling equipment.

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Buyer(S) 1

Buyer

General Electric

Boston, Massachusetts, United States

website


Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 16 of 41
Sector (Energy Services and Equipment) 1 of 3
Type (Add-on Acquisition) 12 of 30
State (Illinois) 1 of 1
Country (United States) 10 of 20
Year (2010) 1 of 3
Size (of disclosed) 7 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-07 GE Asset Intelligence

Barrington, Illinois, United States

GE Asset Intelligence LLC is a provider of software technologies with satellite and cellular communications to deliver reliable, data-driven telematics solutions for supply chain asset management.

Sell $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-14 Opal Software Pty

Fyshwick, Australia

Opal Software is the developer and owner of the simSCADA and simNET software products, a software-based simulation suite for SCADA/DMSs. Opal Software also supplies professional Engineering services to the utilities sector (Electricity, Water and Gas providers) in the form of software engineering consulting services and bespoke software development.

Buy -

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 156 of 443
Sector (Energy Services and Equipment) 8 of 14
Type (Add-on Acquisition) 80 of 184
State (Illinois) 3 of 14
Country (United States) 100 of 250
Year (2010) 18 of 22
Size (of disclosed) 9 of 130
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-30 The Nature s Bounty

Ronkonkoma, New York, United States

The Nature's Bounty Co. is a a vertically integrated manufacturer, marketer and distributor of a broad line of high-quality, value-priced nutritional supplements in the United States and throughout the world. The Nature's Bounty was founded in 1971 and is based in Ronkonkoma, New York.

Buy $4.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-27 Syniverse

Tampa, Florida, United States

Syniverse is a provider of technology and business solutions for the global telecommunications industry. Syniverse makes mobile work for more than 900 mobile operators, cable and Internet providers, and enterprises in over 160 countries. Syniverse was founded in 1987 and is based in Tampa, Florida.

Buy $2.6B
SELLER

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 17 of 56
Sector (Energy Services and Equipment) 9 of 18
Type (Add-on Acquisition) 7 of 29
State (Illinois) 1 of 1
Country (United States) 15 of 42
Year (2010) 5 of 5
Size (of disclosed) 2 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Liberty Resources

Denver, Colorado, United States

Liberty Resources is an oil and gas exploration and acquisition/exploitation company with a focus in the Bakken Shale of North Dakota and Montana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 USA Compression

Austin, Texas, United States

USA Compression is a third-party provider of compression services to customers across the oil & gas industry. USA Compression is one of the nation’s largest independent providers of compression services in terms of total compression fleet horsepower. USA Compression was founded in 1998 and is based in Austin, Texas.

Buy -