M&A Deal Summary

Altec Acquires Mobile Tool International

On December 1, 2005, Altec acquired manufacturer Mobile Tool International from American Capital

Acquisition Highlights
  • This is Altec’s 1st transaction in the Manufacturing sector.
  • This is Altec’s 1st transaction in the United States.
  • This is Altec’s 1st transaction in Colorado.

M&A Deal Summary

Date 2005-12-01
Target Mobile Tool International
Sector Manufacturing
Buyer(s) Altec
Sellers(s) American Capital
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Mobile Tool International

La Verne, Colorado, United States
Mobile Tool International manufactures truck, trailer and TRAX-mounted aerial lifts serving the telecommunications, electrical utility, rental and construction markets, sold under the name of Telsta, Ameriquip, MTI, Teco and Holan.

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Buyer(S) 1

Buyer

Altec

Birmingham, Alabama, United States

Category Company
Founded 1929
Sector Machinery
DESCRIPTION
Altec facility in Duluth, Minnesota.
Altec facility in Duluth, Minnesota.

Altec is a privately held manufacturer of aerial devices, digger derricks and specialty equipment for the electric utility, telecommunications and tree care industries.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-05 Teupen Maschinenbau

Gronau, Germany

Teupen Maschinenbau is a manufacturer of crawler-mounted aerial access platforms for both indoors and outdoors. The highlight of the extensive product range is the “LEO” series, a crawler-mounted access platform that enables access through standard doors and via stairs in shopping malls, airports, railway stations or office buildings. Teupen Maschinenbau was founded in 1977 and is based Gronau, Germany.

Buy -

Seller(S) 1

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 31 of 194
Sector (Manufacturing) 2 of 16
Type (Add-on Acquisition) 13 of 87
State (Colorado) 2 of 4
Country (United States) 31 of 186
Year (2005) 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Sound United

Vista, California, United States

Sound United is a designer and marketer of premium home-theater loudspeakers and consumer-branded vehicle security and convenience systems. Sound United's broad portfolio of high-performance home audio products, including speakers, surround sound systems, soundbars, and personal audio devices, is marketed under the Polk Audio and Definitive Technology brands. Sound United is based in Vista, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-02 DelStar Technologies

Middletown, Delaware, United States

DelStar Technologies is a manufacturer of thermoplastic nets, nonwovens, laminates, and extruded components used in filtration, automotive, healthcare, industrial, food, electronics and textile markets.We combine extensive extrusion operations, proprietary processing techniques, unparalleled expertise and flexible customization services to produce a wide range of products that meet both our customers' needs and their market demands.

Buy $114M