Barnes Group - M&A Summary and Business Overview

ManufacturingCompany

Barnes Group M&A Summary

Barnes Group has acquired 22 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 3 assets.

Barnes Group’s largest acquisition to date was in 2023, when it acquired MB Aerospace Holdings for $740M. It’s largest disclosed sale occurred in 2013, when it sold Barnes Group - North American Distribution Business to MSC Industrial Direct for $550M. Barnes Group has acquired in 7 different US states, and 7 countries. The Company’s most targeted sectors include distribution (28%) and machinery (23%).

Barnes Group Business Overview

Where is Barnes Group headquartered?

Barnes Group is headquartered in Bristol, Connecticut.

What is Barnes Group’s revenue?

Barnes Group disclosed revenue of 1,262M USD for 2022 and 1,259M USD for 2021.

How many employees does Barnes Group have?

Barnes Group has 5,200 employees.

What sector is Barnes Group in?

Barnes Group is a manufacturing company.

When was Barnes Group founded?

Barnes Group was founded in 1857.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity22
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 14
  • M&A Advisors 3

Barnes Group

Barnes Group, Inc.

123 Main Street,
Bristol, Connecticut 06010
United States,
(860) 583-7070
www.onebarnes.com

Barnes Group is an international aerospace and industrial manufacturing and service provider, serving a wide range of end markets and customers. The products and services provided by Barnes Group are used in far-reaching applications that provide transportation, communication, manufacturing and technology to the world. Barnes Group was incorporated in 1857 and is based in Bristol, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 21 - - - 1 - 22
vol $1.6B $740M $2.3B
Sell (0.2/yr) # 2 - - - - 1 3
vol $550M $175M $725M
  25

Most Recent M&A

Company Date Value Type
Barnes Group - Associated Spring and Hänggi businesses 2024-01-11 175M USD Divestiture
Bristol, Connecticut
MB Aerospace Holdings Ltd. 2023-06-05 740M USD Add-on Acquisition
Motherwell, United Kingdom · www.mbaerospace.co.uk
Gimatic Srl 2018-09-20 417M EUR Add-on Acquisition
Roncadelle, Italy · www.gimatic.com
Industrial Gas Springs Group Holdings Ltd. 2018-07-23 - Add-on Acquisition
Surrey, United Kingdom · www.industrialgassprings.com
Gammaflux LP 2017-03-06 - Add-on Acquisition
Sterling, Virginia · www.gammaflux.com
Adval Tech Holding AG - Molds Business (FOBOHA) 2016-08-31 138M CHF Divestiture
Niederwangen, Switzerland
Priamus System Technologies AG 2015-10-01 - Add-on Acquisition
Schaffhausen, Switzerland · www.priamus.com
Thermoplay SpA 2015-07-23 56M EUR Add-on Acquisition
Pont-saint-martin, Italy · www.thermoplay.com
Hall Longmore (Pty) Ltd. 2014-03-12 - Add-on Acquisition
Germiston, South Africa · www.hall-longmore.co.za
Otto Männer GmbH 2013-10-01 310M EUR Add-on Acquisition
Bahlingen, Germany · www.maenner-group.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 6 (27%) 147M (6%) 1 (33%) 550M (76%)
Machinery 5 (23%) 1.1B (46%) - -
Manufacturing 4 (18%) 56M (2%) 1 (33%) 175M (24%)
Plastics 3 (14%) 138M (6%) 1 (33%) -
Metals/Mining 2 (9%) 168M (7%) - -
Aerospace 1 (5%) 740M (32%) - -
Test/Measurement Equipment 1 (5%) - - -
Total 22 $2.3B 3 $725M

By Geo

State/Country Buy Value Sell Value
United States 9 427M 3 725M
  Ohio 3 14M 1 550M
  Minnesota 1 - 1 -
  Virginia 1 - - -
  Michigan 1 - - -
  Massachusetts 1 335M - -
  Illinois 1 79M - -
  Connecticut - - 1 175M
United Kingdom 5 794M - -
Switzerland 3 307M - -
Italy 2 473M - -
France 1 - - -
Germany 1 310M - -
South Africa 1 - - -
Domestic 9 (41%) 427M (18%) 3 (100%) 725M (100%)
Cross-border 13 (59%) 1.9B (82%) - -
Total 22 $2.3B 3 $725M

Top M&A Advisors

Financial Deals
BofA Securities
 2
Legal Deals
Wachtell, Lipton, Rosen & Katz
 1
Foley & Lardner LLP
 1

Deal Values

buy # Total
$100M to $1B 6 $2.1B
< $100M 5 $203M
TOTAL $2.3B
Largest MB Aerospace Holdings Ltd.
$740M (2023-06-05)
sell # Total
$100M to $1B 2 $725M
TOTAL $725M
Largest Barnes Group - North American Distribution Business
$550M (2013-04-22)

M&A Connections

Deals
Acquired from
Investor(s)
14%
3 (14%)
Strategic(s)
27%
6 (27%)
Divested to
Investor(s)
67%
2 (67%)
Strategic(s)
33%
1 (33%)

Company Summary

SECTOR

Manufacturing

Revenue

1,262   1% 2022
1,259   13% 2021
1,124   25% 2020
1,491   1% 2019
1,496   5% 2018
1,436   17% 2017
1,231   4% 2016
1,194   6% 2015
1,262   16% 2014
1,091   18% 2013
928   2012
(millions of USD) Show More Show Less

Employees

5,200

Established

1857

Public

NYSE: B

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