M&A Deal Summary

Vestar Capital Partners Acquires Gleason

On December 9, 1999, private equity firm Vestar Capital Partners acquired machinery company Gleason for 332M USD

Acquisition Highlights
  • This is Vestar Capital Partners’ 3rd transaction in the Machinery sector.
  • This is Vestar Capital Partners’ 13th largest (disclosed) transaction.
  • This is Vestar Capital Partners’ 30th transaction in the United States.
  • This is Vestar Capital Partners’ 4th transaction in New York.

M&A Deal Summary
Date 1999-12-09
Target Gleason
Sector Machinery
Buyer(s) Vestar Capital Partners
Deal Type Going Private
Deal Value 332M USD

Target

Gleason

Rochester, New York, United States
website
Gleason's 2014 trade show display at IMTS in Chicago.
Gleason's 2014 trade show display at IMTS in Chicago.
Gleason is a developer, manufacturer and seller of gear-production machinery and related equipment. The Company’s products are used by customers in the automotive, truck, aircraft, agriculture, construction, power tool and marine industries and by a diverse set of customers serving various industrial equipment markets. The company was founded in 1865. Gleason has manufacturing operations in Rochester, New York; Rockford, Illinois; Plymouth, England; Munich and Ludwigsburg, Germany; Bangalore, India; and Biel, Switzerland, and has sales and service offices throughout North America and Europe and in the Asia-Pacific region.

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Buyer(S) 1

Buyer

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 30 of 82
Sector (Machinery) 3 of 4
Type (Going Private) 2 of 7
State (New York) 4 of 7
Country (United States) 30 of 66
Year (1999) 5 of 5
Size (of disclosed) 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-31 Essent Healthcare

Nashville, Tennessee, United States

Essent Healthcare, Inc. is owns and operates non-urban acute care hospitals that are essential to communities in Pennsylvania, Massachusetts, Connecticut, and Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Pinnacle Automation

Saint Louis, Montana, United States

Pinnacle Automation, Inc. is a integrator of materials and information flow technology, providing customers with solutions to meet their supply chain needs.

Sell -
Mergr

Product

Company

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