M&A Deal Summary

AEA Investors and Manulife Investment Management Acquire Swanson Industries

On October 1, 2012, private equity firm AEA Investors and mezzanine finance firm Manulife Investment Management acquired machinery company Swanson Industries

Acquisition Highlights
  • This is AEA Investors’ 2nd and Manulife Investment Management’s 2nd transaction in the Machinery sector.
  • This is AEA Investors’ 44th and Manulife Investment Management’s 14th transaction in the United States.
  • This is AEA Investors’ 1st and Manulife Investment Management’s 1st transaction in West Virginia.

M&A Deal Summary

Date 2012-10-01
Target Swanson Industries
Sector Machinery
Buyer(s) AEA Investors
Manulife Investment Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Morgan, Lewis & Bockius LLP (Legal)

Target

Swanson Industries

Morgantown, West Virginia, United States
website
Swanson Industries specializes in manufacturing, supplying, and repairing hydraulic components, especially for fluid power, mining, and construction industries.

Search 177,729 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 50 of 111
Sector (Machinery) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 20 of 34
State (West Virginia) 1 of 1
Country (United States) 44 of 97
Year (2012) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-01 National Rehab Equipment

Moon Township, Pennsylvania, United States

National Rehab Equipment, Inc. is a provider of home healthcare product distribution and reimbursement services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-05 NES Fircroft

Cheshire, United Kingdom

NES Fircroft is a global provider of specialist white collar personnel to the global oil and gas, power, and infrastructure markets.

Buy £234M
Buyer

Manulife Investment Management

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

Manulife Investment Management is a private investment group that provides mezzanine as well as non-controlling equity capital to middle-market businesses. Manulife Investment's target investment size is $10 to $50 million per transaction. The Group prefers opportunities located in the US. Manulife Investment Management was established in 1998 and maintains offices in Boston and New York City.


DEAL STATS #
Overall 15 of 23
Sector (Machinery) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (West Virginia) 1 of 1
Country (United States) 14 of 22
Year (2012) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-15 Pexco

Johns Creek, Georgia, United States

Pexco is a North American designer and fabricator of engineered plastic components. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty industrial, fluid-handling, lighting, traffic safety, fence, and electrical insulation industries. Pexco offers a full range of custom design, engineering, and fabrication services, including ISO 9001:2015 registration, across its manufacturing operations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Dexter Axle

Elkhart, Indiana, United States

Dexter Axle Co., Inc. is a designer and manufacturer of trailer axle, brake and suspension assemblies and related replacement parts used primarily in the industrial and utility trailer.

Buy $360M