M&A Deal Summary

Helios Technologies Acquires Daman Products

On September 7, 2022, Helios Technologies acquired manufacturer Daman Products

Acquisition Highlights
  • This is Helios Technologies’ 3rd transaction in the Manufacturing sector.
  • This is Helios Technologies’ 5th transaction in the United States.
  • This is Helios Technologies’ 1st transaction in Indiana.

M&A Deal Summary
Date 2022-09-07
Target Daman Products
Sector Manufacturing
Buyer(s) Helios Technologies
Deal Type Add-on Acquisition

Target

Daman Products

Mishawaka, Indiana, United States
website
Daman Products is a manufacturer of hydraulic manifolds and related fluid conveyance products for industrial and mobile markets including applications in the oil and gas, railroad, construction, agriculture, forestry, mining, material handling, machine tool, robotics, and entertainment industries. Daman Products was founded in 1976 and is based in Mishawaka, indiana.

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Buyer(S) 1

Buyer

Helios Technologies

Sarasota, Florida, United States

website

Category Company
Founded 1970
Sector Machinery
Employees2,400
Revenue 885M USD (2022)
DESCRIPTION

Sun Hydraulics is a designer and manufacturer of high performance screw-in hydraulic cartridge valves and manifolds for worldwide industrial and mobile markets. Helios Technologies was founded in 1970 and is based in Sarasota, Florida.

DEAL STATS #
Overall 10 of 12
Sector (Manufacturing) 3 of 4
Type (Add-on Acquisition) 8 of 10
State (Indiana) 1 of 1
Country (United States) 5 of 7
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Taimi

St-Prime, Quebec, Canada

Taimi is a manufacturer of innovative hydraulic components that offer ball-less design swivel products which improve hydraulic reliability of equipment, increase the service life of components, and help protect the environment by reducing leakage. Taimi was founded in 2005 and is based in St-Prime, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 Schultes Precision

Buffalo Grove, Illinois, United States

Schultes Precision is a high-precision specialist in CNC milling, lathe turning, Swiss machining, and assembly, primarily serving the hydraulic, aerospace, medical device, and dental industries. Schultes was formed in 1946 and is based in Buffalo Grove, Illinois.

Buy -
Mergr

Product

Company

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