M&A Deal Summary

Astec Industries Acquires Power Flame

On July 7, 2016, Astec Industries acquired energy services and equipment company Power Flame for 43M USD

Acquisition Highlights
  • This is Astec Industries’ 1st transaction in the Energy Services and Equipment sector.
  • This is Astec Industries’ largest (disclosed) transaction.
  • This is Astec Industries’ 9th transaction in the United States.
  • This is Astec Industries’ 1st transaction in Kansas.

M&A Deal Summary
Date 2016-07-07
Target Power Flame
Sector Energy Services and Equipment
Buyer(s) Astec Industries
Deal Type Add-on Acquisition
Deal Value 43M USD

Target

Power Flame

Parsons, Kansas, United States
website
Power Flame, Inc. is a manufacturer of gas, oil and combination gas/oil burners and combustion control systems designed for commercial, industrial and process applications.

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Buyer(S) 1

Buyer

Astec Industries

Chattanooga, Tennessee, United States

website

Category Company
Founded 1972
Sector Machinery
Employees4,291
Revenue 1.3B USD (2022)
DESCRIPTION

Astec Industries is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; and wood processing. Astec Industries was founded in 1972 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 10 of 13
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 10 of 12
State (Kansas) 1 of 1
Country (United States) 9 of 11
Year (2016) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Telestack

Omagh, Ireland

Telestack Ltd., specializes in the complete in-house design, manufacture, installation and commissioning of a complete line of material handling systems used extensively in the port, aggregate and mining industries.

Buy $36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 RexCon

Burlington, Wisconsin, United States

RexCon LLC is specializes in providing portable, high-production concrete equipment to contractors and producers worldwide in a totally integrated turnkey production system, including customized site layout and design engineering, batch plants, mixers, water heaters and chillers, ice production and delivery systems, material handling conveyors, gensets and power distribution, cement silos and screws, central dust collection, aggregate heating and cooling systems, batch automation controls, and batch office trailers.

Buy $26M
Mergr

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