M&A Deal Summary

Panasonic Acquires Hussmann

On December 21, 2015, Panasonic acquired manufacturer Hussmann from CD&R and IR for 1.5B USD

Acquisition Highlights
  • This is Panasonic’s 1st transaction in the Manufacturing sector.
  • This is Panasonic’s 2nd largest (disclosed) transaction.
  • This is Panasonic’s 7th transaction in the United States.
  • This is Panasonic’s 1st transaction in Montana.

M&A Deal Summary
Date 2015-12-21
Target Hussmann
Sector Manufacturing
Buyer(s) Panasonic
Sellers(s) CD&R
IR
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

Hussmann

Bridgeton, Montana, United States
website
Hussmann Corp. is a manufacturer of refrigerated display cases and systems.

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Buyer(S) 1

Buyer

Panasonic

Kadoma, Japan

website

Category Company
Founded 1918
Sector Electronics
Employees240,786
Revenue 7,388.8B JPY (2022)
DESCRIPTION

Panasonic is a manufacturer of electronics. It manufactures and markets a wide range of products under the Panasonic brand to enhance and enrich lifestyles all around the globe. Panasonic was founded in 1918 and is based in Kadoma, Japan.

DEAL STATS #
Overall 9 of 18
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 7 of 15
State (Montana) 1 of 1
Country (United States) 7 of 11
Year (2015) 5 of 5
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-07 ITC Global

St. Petersburg, Florida, United States

ITC Global, Inc. is a provider of satellite communications to the energy, mining, and maritime markets. Companies in remote and harsh environments require communications with both global coverage and unwavering customer service. ITC Global enables improved real-time decision making and enhanced health, safety and environmental management through a unified communications solution, tailored to the requirements of each client.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-08 Quickservice Technologies

St. Catharines, Ontario, Canada

Quickservice Technologies, Inc. is a technology solutions company provides security and point of sale software, hardware, and integration services to the Quick Service Restaurant (QSR) sector.

Buy -

Seller(S) 2

SELLER

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.

DEAL STATS #
Overall 25 of 42
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 8 of 14
State (Montana) 1 of 1
Country (United States) 19 of 32
Year (2015) 6 of 6
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-06 PharMEDium Healthcare

Lake Forest, Illinois, United States

PharMEDium Healthcare Holdings, Inc. is a provider of intravenous (IV) admixture services supplied to the hospital market. The Company’s IV admixture service involves the mixing of drug compounds into intravenous solutions for infusion into patients.

Sell $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-07 Atkore International

Harvey, Illinois, United States

Atkore International, Inc. is a manufacture of galvanized steel tubing, sprinkler pipe, steel and flexible non-metallic conduit, pre-wired armored and metal clad electrical cables, cable tray, strut and metal framing systems.

Sell -
SELLER

IR

Davidson, North Carolina, United States

website

Category Company
Founded 1859
Sector Machinery
Employees17,000
Revenue 5.9B USD (2022)
DESCRIPTION

IR is a manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. IR was founded in 1859 and is based in Davidson, Wisconsin.

DEAL STATS #
Overall 5 of 8
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Montana) 1 of 1
Country (United States) 4 of 7
Year (2015) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Tri-Continent Scientific

Grass Valley, California, United States

Tri-Continent Scientific, Inc. manufacturer of OEM precision syringe pumps and a supplier to the medical and biotechnology diagnostic and analytics equipment manufacturers. In addition to offering customized products tailored to customer needs, TriContinent Scientific offers five product lines: precision pumps, valves and syringes, XYZ robotics, microplate washers and manifolds, as well as pipettes and dispensers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Air Relief

Mayfield, Kentucky, United States

Air Relief LLC provides comprehensive aftermarket services, repairs, parts, and upgrades for centrifugal compressors to customers in the general industrial and oil and gas industries. Air Relief’s design-enhanced aftermarket products such as TurboLogix™ System Controllers, Inlet Guide Vanes, CenLube compressor lubricant, and inner coolers all significantly reduce customers’ operating costs. Air Relief was established in 1985 and is based in Mayfield, Kentucky.

Sell -
Mergr

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