M&A Deal Summary

Clyde Blowers Capital Acquires Textron - Fluid & Power Product Lines

On September 11, 2008, private equity firm Clyde Blowers Capital acquired machinery company Textron - Fluid & Power Product Lines from Textron for 645M USD

Acquisition Highlights
  • This is Clyde Blowers Capital’s 1st transaction in the Machinery sector.
  • This is Clyde Blowers Capital’s largest (disclosed) transaction.
  • This is Clyde Blowers Capital’s 1st transaction in the United States.
  • This is Clyde Blowers Capital’s 1st transaction in Rhode Island.

M&A Deal Summary

Date 2008-09-11
Target Textron - Fluid & Power Product Lines
Sector Machinery
Buyer(s) Clyde Blowers Capital
Sellers(s) Textron
Deal Type Divestiture
Deal Value 645M USD

Target

Textron - Fluid & Power Product Lines

Providence, Rhode Island, United States
Textron - Fluid & Power Product Lines are Gear Technologies, Hydraulics, Maag Pump Systems, Union Pump and each of their respective brands. Textron's Fluid & Power business unit is one of the most respected names in the pump and power transmission industries. As a worldwide resource for high-quality technology solutions, Textron Fluid & Power serves a comprehensive range of industries including utility, nuclear, oil, gas, water, petrochemical, mining, marine, defense, construction, paper, metals and food processing applications.

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Buyer(S) 1

DESCRIPTION

Clyde Blowers Capital is a private investment firm focused on acquiring and investing in mid-sized engineering companies that serve the energy, utility, mining, and industrial industries. The Firm will consider companies in Western Europe and North America and has a special interest in businesses with mission-critical products/services with global market potential. Clyde Blowers Capital began investing in 1999 and is headquartered in East Kilbride, Scotland.


DEAL STATS #
Overall 1 of 7
Sector (Machinery) 1 of 5
Type (Divestiture) 1 of 3
State (Rhode Island) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-12 DBSantasalo

Huddersfield, United Kingdom

DBSantasalo designs and manufactures industrial gears and mechanical and hydraulic transmission systems used in a wide range of applications from industrial machinery, such as conveyors, to transportation applications, such as rail traction gears. DBSantasalo also manufactures industrial pumps for the oil, gas and petrochemical industries. DBSantasalo is based in Huddersfield, United Kingdom.

Buy -

Seller(S) 1

SELLER

Textron

Providence, Rhode Island, United States

website


Category Company
Founded 1923
Sector Diversified
Employees33,000
Revenue 12.4B USD (2021)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was formed in 1923 and is based in Providence, Rhode Island. Textron was founded in 1923 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 11 of 16
Sector (Machinery) 3 of 4
Type (Divestiture) 10 of 15
State (Rhode Island) 2 of 4
Country (United States) 10 of 14
Year (2008) 1 of 2
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-16 SkyBOOKS

Jacksonville, Florida, United States

SkyBOOKS, Inc. is an innovative aviation management solutions business that provides comprehensive information necessary for compliance with the regulations of the FAA and international regulatory agencies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-12 DBSantasalo

Huddersfield, United Kingdom

DBSantasalo designs and manufactures industrial gears and mechanical and hydraulic transmission systems used in a wide range of applications from industrial machinery, such as conveyors, to transportation applications, such as rail traction gears. DBSantasalo also manufactures industrial pumps for the oil, gas and petrochemical industries. DBSantasalo is based in Huddersfield, United Kingdom.

Sell -