M&A Deal Summary

Linamar Acquires Salford Group

On April 27, 2022, Linamar acquired machinery company Salford Group from GenNx360 Capital Partners for 260M CAD

Acquisition Highlights
  • This is Linamar’s 1st transaction in the Machinery sector.
  • This is Linamar’s largest (disclosed) transaction.
  • This is Linamar’s 2nd transaction in the United States.
  • This is Linamar’s 1st transaction in Iowa.

M&A Deal Summary

Date 2022-04-27
Target Salford Group
Sector Machinery
Buyer(s) Linamar
Sellers(s) GenNx360 Capital Partners
Deal Type Add-on Acquisition
Deal Value 260M CAD

Target

Salford Group

Osceola, Iowa, United States
website
Salford Group is a designer and manufacturer of tillage, seeding, and fertilizing equipment for the agricultural industry. The company's products are engineered and built to be durable, innovative, and complementary to mainline OEM products with distinct performance advantages related to higher productivity, greater efficiency, and environmental sustainability. It has been able to leverage technological developments in precision agriculture to allow producers to manage their crop production with an ever-increasing degree of accuracy. Salford Group was formed in 1978 and is based in Osceola, Iowa.

Search 192,510 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Linamar

Guelph, Ontario, Canada

website


Category Company
Founded 1964
Sector Automotive
Employees27,905
Revenue 7.9B CAD (2022)
DESCRIPTION

Linamar designs, develops and manufactures precision machined components, modules and systems for engine, transmission and chassis systems primarily for the North American and European automotive marketplace. The company’s industrial division is a world leader in aerial lift platform products. Linamar was founded in 1966 and is based in Guelph, Canada.


DEAL STATS #
Overall 7 of 7
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Iowa) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-25 Skyjack

Guelph, Ontario, Canada

Skyjack is a provider of engineered, simple and reliable access and material handling equipment globally so that companies can maximize utilization and their return on investment. All Skyjack’s products are designed to be easy to service and maintain. By keeping design simple and using proven technology, the reliability and ease of service are common to all the company’s products. Skyjack was founded in 1985 and is based in Guelph, Ontario.

Sell -

Seller(S) 1

SELLER

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 12 of 12
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 7 of 7
State (Iowa) 1 of 1
Country (United States) 10 of 10
Year (2022) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 Tensentric

Boulder, Colorado, United States

Tensentric provides outsourced design, engineering, prototyping, and assembly services for medical technology, in-vitro diagnostic, and life sciences companies. The Company is a contract development partner, known for its differentiated team of engineers and experience working on the most cutting-edge development projects in the industry. Tensentric was founded in 2009 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 ITsavvy

Addison, Illinois, United States

ITsavvy is a technology solutions provider that delivers frictionless IT experiences to clients across multiple segments and industries. ITsavvy leverages the power of its partner ecosystem to design, develop and deliver technology infrastructure solutions that accelerate business outcomes on behalf of its clients. ITsavvy was founded in 2004 and is based in Addison, Illinois.

Buy -