M&A Deal Summary

Robertshaw Controls Acquires Burner Systems International

On June 16, 2016, Robertshaw Controls acquired manufacturer Burner Systems International from Aterian Investment Partners

Acquisition Highlights
  • This is Robertshaw Controls’ 1st transaction in the Manufacturing sector.
  • This is Robertshaw Controls’ 1st transaction in the United States.
  • This is Robertshaw Controls’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2016-06-16
Target Burner Systems International
Sector Manufacturing
Buyer(s) Robertshaw Controls
Sellers(s) Aterian Investment Partners
Deal Type Add-on Acquisition

Target

Burner Systems International

Chattanooga, Tennessee, United States
website
Burner Systems International, Inc. is a designer, developer and manufacturer of components and custom solutions for gas appliance OEMs. The company offers product development, supply chain integration, logistics, and support services.

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Buyer(S) 1

Buyer

Robertshaw Controls

Itasca, Illinois, United States

website


Category Company
Founded 1907
Sector Manufacturing
Employees6,300
DESCRIPTION

Robertshaw Controls is a global design, engineering and manufacturing company that sells product solutions into the white goods industry and leverages this portfolio and technology into adjacent markets and after sales channels. Robertshaw manufactures more than 10,000 sophisticated controls for commercial and home appliances. Primary applications include controls for clothes washers and dryers, dishwashers, refrigerators, electric and gas cooking, ice makers, fluid dispensing, storage water heaters, gas valves for space/central heating, and automotive/off road temperature and fluid controls. Robertshaw Global Headquarters is located in Itasca, Illinois.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-15 Fulton Bellows

Knoxville, Tennessee, United States

Fulton Bellows LLC is a manufacturer of precision engineered metal bellows, bellows assemblies, seamless tubes and thermal actuators.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-26 CastFutura

Terno D'isola, Italy

CastFutura S.p.A. is a manufacturer of components for appliances and heating equipment, with leading market positions in Europe, Middle East, North Africa and Poland. The company is based in Italy, and it has manufacturing facilities in Italy, Hungary, Egypt, Bulgaria and Poland.

Buy -

Seller(S) 1

SELLER

Aterian Investment Partners

New York, New York, United States

Investor Investor

website


Category Private Equity Firm
Founded 2009
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aterian Investment Partners is a special situations private equity firm that invests in middle-market businesses that are financially or operationally challenged, or require a creative transaction solution. Aterian invests in businesses generating $25 to $500 million of revenue with strong franchises. Sectors of interest include manufacturing, chemicals, industrials, consumer products, food, beverages, distribution, metals/mining, retail, restaurants, and healthcare services. Aterian Investment Partners LLC is formed in 2009 and is based in New York City.


DEAL STATS #
Overall 1 of 5
Sector (Manufacturing) 1 of 4
Type (Add-on Acquisition) 1 of 3
State (Tennessee) 1 of 1
Country (United States) 1 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-31 Backyard Discovery

Pittsburg, Kansas, United States

Backyard Discovery is a manufacturer of wood swing sets, playhouses, patio products, and sheds under many brands. Backyard Discovery was founded in 1968 and is based in River Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Stewart Tubular Products

Houston, Texas, United States

Stewart Tubular Products is a manufacturer, distributor, and threader of down-hole tubing and casing accessories. Stewart Tubular Products was founded in 1988 and is based in Houston, Texas.

Buy -