M&A Deal Summary

Stanley Black & Decker Acquires International Equipment Solutions - IES Attachments Business

On August 7, 2018, Stanley Black & Decker acquired manufacturer International Equipment Solutions - IES Attachments Business from International Equipment Solutions for 690M USD

Acquisition Highlights
  • This is Stanley Black & Decker’s 6th transaction in the Manufacturing sector.
  • This is Stanley Black & Decker’s 7th largest (disclosed) transaction.
  • This is Stanley Black & Decker’s 16th transaction in the United States.
  • This is Stanley Black & Decker’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2018-08-07
Target International Equipment Solutions - IES Attachments Business
Sector Manufacturing
Buyer(s) Stanley Black & Decker
Sellers(s) International Equipment Solutions
Deal Type Divestiture
Deal Value 690M USD

Target

International Equipment Solutions - IES Attachments Business

Lexington, Kentucky, United States
International Equipment Solutions LLC - IES Attachments Business is a manufacturer of high quality, performance-driven heavy equipment attachment tools for off-highway applications, with leading brands such as Paladin, Genesis and Pengo.

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Buyer(S) 1

Buyer

Stanley Black & Decker

New Britain, Connecticut, United States

website


Category Company
Founded 1843
Sector Diversified
Employees53,000
Revenue 14.5B USD (2020)
DESCRIPTION
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.

Stanley Black & Decker is a diversified global producer of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. Stanley Black & Decker dates back to 1843 and is based in New Britain, Connecticut.


DEAL STATS #
Overall 23 of 27
Sector (Manufacturing) 6 of 7
Type (Divestiture) 5 of 5
State (Kentucky) 1 of 2
Country (United States) 16 of 20
Year (2018) 1 of 1
Size (of disclosed) 7 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Newell Brands - Tools

Atlanta, Georgia, United States

Newell Brands, Inc. - Tools includes hand tools, power tools and related accessories.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 Sargent and Greenleaf

Nicholasville, Kentucky, United States

Sargent and Greenleaf designs and manufactures innovative, high-quality mechanical and electronic locks for safes, vaults, safe deposit boxes, and highly sensitive environments. Customers are varied across many segments including banking, cash transit, residential security, railroad/utilities and government security segments. S&G is a pioneer in the high-security industry, inventing several industry firsts, and has a leading innovation and digital platform that consistently brings new and improved products and features to the market.

Sell -

Seller(S) 1

SELLER

International Equipment Solutions

Lexington, Kentucky, United States

website


Category Company
Sector Machinery
DESCRIPTION

International Equipment Solutions is a global engineered equipment platform serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy markets. IES operates through two primary business units: Paladin, a leading manufacturer of engineered attachment tools for operator-driven equipment, and Crenlo, a leading manufacturer of cab enclosures for operator-driven equipment as well as specialty electronic enclosures. IES’ customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 1,500 people and operates 14 manufacturing facilities in Iowa, Michigan, Minnesota, North Carolina, Ohio, Oregon, Tennessee, Wisconsin and Memmingen, Germany.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 CWS Industries

Surrey, British Columbia, Canada

CWS Industries (Mfg) Corp. manufacturer of top quality attachments, cabs and conversions for heavy equipment used by various high-growth end markets such as mining, oil and gas, forestry, agriculture and construction.

Buy -