M&A Deal Summary

Tennant Acquires M&F

On March 1, 2024, Tennant acquired business services company M&F

Acquisition Highlights
  • This is Tennant’s 1st transaction in the Business Services sector.
  • This is Tennant’s 1st transaction in Austria.

M&A Deal Summary
Date 2024-03-01
Target M&F
Sector Business Services
Buyer(s) Tennant
Deal Type Add-on Acquisition

Target

M&F

Neumarkt am Wallersee, Austria
website
M&F offers clients a wide range of services from financing to the sale of its products. For start-ups, during ongoing business operations, and when introducing innovations or corporate changes, outside professional help is often valuable to avoid costly and time-consuming mistakes. M&F is based in Neumarkt am Wallersee, Austria.

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Buyer(S) 1

Buyer

Tennant

Eden Prairie, Minnesota, United States

website

Category Company
Founded 1870
Sector Machinery
Employees4,259
Revenue 1.1B USD (2022)
DESCRIPTION

Tennant is a designer, manufacture and marketer of cleaning products. Its products include equipment for maintaining floors in industrial, commercial and outdoor environments; and coatings for protecting, repairing and upgrading concrete floors. Tennant was founded in 1870 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 5 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (Austria) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Tennant Coatings

Golden Valley, Minnesota, United States

Tennant Coatings is a designer and manufacturer of indoor and outdoor coatings systems for a variety of applications and industries. Tennant Coatings is based in Golden Valley, Minnesota.

Sell -
Mergr

Product

Company

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