M&A Deal Summary

Textron Acquires Arctic Cat

On January 25, 2017, Textron acquired automotive company Arctic Cat for 247M USD

Acquisition Highlights
  • This is Textron’s 12th transaction in the Automotive sector.
  • This is Textron’s 7th largest (disclosed) transaction.
  • This is Textron’s 30th transaction in the United States.
  • This is Textron’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2017-01-25
Target Arctic Cat
Sector Automotive
Buyer(s) Textron
Deal Type Add-on Acquisition
Deal Value 247M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Fredrikson & Byron PA (Legal)

Target

Arctic Cat

Plymouth, Minnesota, United States
website
The Arctic Cat brand is among the most widely recognized and respected in the recreational vehicle industry. The company designs, engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles, in addition to related parts, garments and accessories under the Arctic Cat® and Motorfist® brand names. Arctic Cat Inc.’s world headquarters is located in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Textron

Providence, Rhode Island, United States

website

Category Company
Founded 1923
Sector Diversified
Employees33,000
Revenue 12.4B USD (2021)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was formed in 1923 and is based in Providence, Rhode Island. Textron was founded in 1923 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 47 of 48
Sector (Automotive) 12 of 12
Type (Add-on Acquisition) 38 of 39
State (Minnesota) 1 of 1
Country (United States) 30 of 30
Year (2017) 1 of 1
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 ATAC

Newport News, Virginia, United States

ATAC provides tactical airborne training services to the US Department of Defense and foreign allied governments via its fleet of more than 24 subsonic and supersonic fighter aircraft and its staff of elite military-trained pilots. ATAC was founded in 1994 and is based in Newport News, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 Textron - Tools and Test Equipment

Providence, Rhode Island, United States

Textron, Inc. - Tools and Test Equipment is a manufacturer of electrical and utility tools, diagnostics, and test and measurement instruments with strong global distribution and highly respected brands, including Greenlee and Klauke.

Sell $810M
Mergr

Product

Company

Legal