M&A Deal Summary

Snap-on Acquires Pro-Cut International

On May 30, 2014, Snap-on acquired automotive company Pro-Cut International for 42M USD

Acquisition Highlights
  • This is Snap-on’s 1st transaction in the Automotive sector.
  • This is Snap-on’s 6th largest (disclosed) transaction.
  • This is Snap-on’s 5th transaction in the United States.
  • This is Snap-on’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2014-05-30
Target Pro-Cut International
Sector Automotive
Buyer(s) Snap-on
Deal Type Add-on Acquisition
Deal Value 42M USD

Target

Pro-Cut International

West Lebanon, New Hampshire, United States
website
Pro-Cut International LLC is a designs, manufactures and distributes on-car brake lathes, related equipment and accessories used in brake servicing by automotive repair facilities.

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Buyer(S) 1

Buyer

Snap-on

Kenosha, Wisconsin, United States

website

Category Company
Founded 1920
Sector Machinery
Employees12,300
Revenue 4.5B USD (2022)
DESCRIPTION
Entrance to Snap-on's corporate headquarters in Kenosha, Wisconsin.
Entrance to Snap-on's corporate headquarters in Kenosha, Wisconsin.

Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. Snap-on was founded in 1920 and is based in Kenosha, Wisconsin.

DEAL STATS #
Overall 7 of 16
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 5 of 14
State (New Hampshire) 1 of 1
Country (United States) 5 of 9
Year (2014) 1 of 1
Size (of disclosed) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-15 Challenger Lifts

Louisville, Kentucky, United States

Challenger Lifts specializes in the design, manufacture and distribution of a comprehensive line of automotive lifts, jacks and accessories. Challenger sells its products through a nationwide authorized distributor network. Quality Lifts sells the same types of lifts to the residential/consumer market. Challenger and Quality are headquartered in Louisville, Kentucky and were founded in 1983 and 2001, respectively.

Buy $38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-07 Ecotechnics

Sesto Fiorentino, Italy

Ecotechnics S.p.A. is a designer and manufacturer of automatic vehicle air conditioning maintenance equipment for OEM dealerships and the automotive aftermarket worldwide.

Buy $13M
Mergr

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