M&A Deal Summary |
|
|---|---|
| Date | 2021-02-01 |
| Target | Worthington Industries - Oil & Gas Equipment Business |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Ten Oaks Group |
| Sellers(s) | Worthington Industries |
| Deal Type | Divestiture |
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Ten Oaks Group is a two family, family office focused on acquiring corporate divestitures. The Firm is sector agnostic and will consider profitable business units across North America with up to $50 million of EBITDA. Ten Oaks Group is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 2 of 4 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-13 |
Standex International - Refrigerated Solutions Group
New Albany, Mississippi, United States Standex International's Refrigerated Solutions Group manufactures refrigerated cabinets and walk-ins for customer's foodservice and retail end market. The segment's NorLake and Master-Bilt brands are operated from facilities in New Albany, MS, and Hudson, WI. |
Buy | $11M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-12 |
Forward Air - Pool Distribution Business
Greeneville, Tennessee, United States Forward Air's Pool Distribution Business provides services for retail, healthcare, parts distribution, hospitality, and other specialized industries. Forward Air's Pool Distribution Business is based in Greeneville, Tennessee. |
Buy | $20M |
| Category | Company |
|---|---|
| Founded | 1955 |
| Sector | Metals/Mining |
| Employees | 8,000 |
| Revenue | 5.2B USD (2022) |
Worthington Industries is a diversified metal processing company. Worthington is a value-added steel processor and a leader in manufactured metal products such as metal framing, pressure cylinders, automotive past model service stampings, metal ceiling grid systems and laser welded blanks. Worthington Industries was founded 1955 and is based in Columbus, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 6 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 5 of 6 |
| State (Ohio) | 2 of 2 |
| Country (United States) | 5 of 5 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-01 |
General Tools & Instruments
Secaucus, New Jersey, United States General Tools & Instruments LLC is a designer and developer of precision specialty hand tools and handheld test instruments. The company offers a broad product portfolio of professional and consumer items used across multiple end markets, serving hobbyists and DIY enthusiasts as well as professionals. General Tools & Instruments was founded in 1922 and is based in Secaucus, New Jersey. |
Buy | $115M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-28 |
Stako
Slupsk, Poland Stako is a producer of automotive liquefied propane gas (LPG) tanks. Stako manufactures toroidal and cylindrical LPG tanks for storage of liquid gas propane-butane mixture for engines in passenger cars and commercial and delivery vehicles. Stako was founded in 1967 and is based in Slupsk, Poland. |
Sell | €5M |
