M&A Deal Summary

Babcock & Wilcox Enterprises Acquires MEGTEC Systems

On May 13, 2014, Babcock & Wilcox Enterprises, Inc. acquired machinery company MEGTEC Systems, Inc. from Hamilton Robinson Capital Partners, Stephens Capital Partners and Barings LLC for 155M USD

Acquisition Highlights
  • This is Babcock & Wilcox Enterprises’ 1st transaction in the Machinery sector.
  • This is Babcock & Wilcox Enterprises’ 2nd largest (disclosed) transaction.
  • This is Babcock & Wilcox Enterprises’ 1st transaction in the United States.
  • This is Babcock & Wilcox Enterprises’ 1st transaction in Wisconsin.
Investment Fate
  • MEGTEC Systems was divested to a strategic buyer in 2018 for 110M EUR.

M&A Deal Summary

Date 2014-05-13
Target MEGTEC Systems, Inc.
Sector Machinery
Buyer(s) Babcock & Wilcox Enterprises, Inc.
Sellers(s) Hamilton Robinson Capital Partners
Stephens Capital Partners
Barings LLC
Deal Type Add-on Acquisition
Deal Value 155M USD

Target

MEGTEC Systems, Inc.

De Pere, Wisconsin, United States
website
MEGTEC Systems, Inc. is a provider of an exhaust-air purification systems and dryers and coating systems for the production of electrodes for lithium-ion batteries. MEGTEC Systems was founded in 1997 and is based in De Pere, Wisconsin.

Search 169,781 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) 1

Buyer

Babcock & Wilcox Enterprises, Inc.

Akron, Ohio, United States

website


Category Company
Founded 1867
SectorEnergy Services and Equipment
Employees2,050
Revenue 566M USD (2020)
DESCRIPTION

Babcock & Wilcox Enterprises is a provider of an advanced energy and environmental technologies and services for the power and industrial markets, with operations, subsidiaries and joint ventures worldwide. Babcock & Wilcox Enterprises is based in Akron, Ohio.


DEAL STATS #
Overall 1 of 6
Sector (Machinery) 1 of 3
Type (Add-on Acquisition) 1 of 6
State (Wisconsin) 1 of 2
Country (United States) 1 of 3
Year (2014) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 SPIG SpA

Arona, Italy

SPIG SpA is a provider of custom-engineered cooling systems and services.

Buy €155M

Seller(S) 3

SELLER

Hamilton Robinson Capital Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Hamilton Robinson (HR) is a private equity firm that targets investments in small to mid-sized companies with revenues between $15 and $200 million headquartered in the US or Canada. Preferred industries include industrial processes and engineered products, energy and utility equipment and services, business and commercial services, and specialty publishing. HR looks for companies needing equity capital for management buyouts, corporate growth, and recapitalizations. HR will not invest in commodity businesses, companies with high customer concentration, real estate, natural resources, or early stage opportunities. HR prefers to lead investments and will consider both majority or minority positions. Hamilton Robinson was formed in 1984 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 13 of 17
Sector (Machinery) 4 of 5
Type (Add-on Acquisition) 3 of 6
State (Wisconsin) 1 of 1
Country (United States) 12 of 15
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-16 United Process, Inc.

Agawam, Massachusetts, United States

Sound Seal is a manufacturer of commercial and architectural acoustic noise control products and offers a wide product selection to the soundproofing industry. Sound Seal consists of three product divisions: the Industrial Division that addresses in-plant and environmental noise control; the Architectural Division that handles interiors and finishes, including an award-winning line of WoodTrends products; and the Impacta Flooring Division that offers floor underlayments. Sound Seal was founded in 1978 and is based in Agawam, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-01 Systec Conveyor System

Indianapolis, Indiana, United States

Systec Conveyor System engineers and manufactures conveying and material handling equipment for the corrugated box industry. Systec Conveyor System is based in Indianapolis, Indiana.

Buy -
SELLER

Stephens Capital Partners

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Stephens Capital Partners is the direct, private equity investment arm of financial services firm Stephens, Inc. Stephens Capital looks to acquire minority or majority stakes in mid-sized, profitable companies in partnership with management. The Firm will consider opportunities throughout the US valued between $50 and $200 million. Stephens Capital will not consider venture investments or turnaround situations. Stephens Capital Partners is based in Little Rock, Arkansas.


DEAL STATS #
Overall 18 of 35
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 9 of 17
State (Wisconsin) 1 of 1
Country (United States) 18 of 34
Year (2014) 1 of 1
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Basin Oil & Gas

Fort Wo​​​​​rth, Texas, United States

Basin Oil & Gas is an oil and gas company focused on providing consistent, long-term returns by building a diversified portfolio of energy assets. Basin Oil & Gas was established in 2009 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 MVP Restaurant Partners LLC

Tampa, Florida, United States

MVP Restaurant Partners LLC is a fast-casual restaurant company specializing in fresh, hand-battered chicken tenders, made-to-order chicken and turkey sandwiches, fresh-cut fries, hand-spun milkshakes and fresh salad chicken tenders, milkshakes, and fresh salads. MVP Restaurant Partners is based in Tampa, Florida.

Buy -
SELLER

Barings LLC

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1955
PE ASSETS 288.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Babson Capital is an investment management and advisory firm based in Boston, Massachusetts. In addition to its other investment vehicles, Babson invests in mezzanine, distressed, and private equity transactions. Babson targets potential transactions valued between $50 and $300 million. The Firm commits between $10 and $40 million for mezzanine capital needs and between $3 and $15 million for private equity investments. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Babson will consider opportunities in the US, Europe, and Asia.


DEAL STATS #
Overall 6 of 34
Sector (Machinery) 2 of 3
Type (Add-on Acquisition) 5 of 22
State (Wisconsin) 2 of 2
Country (United States) 6 of 30
Year (2014) 2 of 5
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-09 SouthernCare, Inc.

Birmingham, Alabama, United States

SouthernCare is one of the independent providers of hospice services in the U.S., with 63 operations located throughout the Southeast and the Midwest.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-25 APEX Analytix LLC

Greensboro, North Carolina, United States

apexanalytix is a provider of supplier management, audit, recovery, and compliance software, and services. apexanalytix was founded in 1988 and is based in Greensboro, North Carolina.

Sell -