JBT - M&A Summary and Business Overview

MachineryCompany

JBT M&A Summary

JBT has acquired 18 companies, including 7 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

JBT’s largest acquisition to date was in 2019, when it acquired Proseal UK for $339M. It’s largest disclosed sale occurred in 2023, when it sold JBT - AeroTech Business to Oshkosh for $800M. JBT has acquired in 8 different US states, and 6 countries. The Company’s most targeted sectors include machinery (73%) and aerospace (12%).

JBT Business Overview

Where is JBT headquartered?

JBT is headquartered in Chicago, Illinois.

What is JBT’s revenue?

JBT disclosed revenue of 1,664M USD for 2023 and 1,590M USD for 2022.

How many employees does JBT have?

JBT has 5,100 employees.

What sector is JBT in?

JBT is a machinery company.

When was JBT founded?

JBT was founded in 1994.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity18
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 6

JBT

John Bean Technologies Corp.

70 West Madison Suite 4400,
Chicago, Illinois 60602
United States,
(312) 861-5900
www.jbtc.com

JBT is a global technology solutions provider to food processing and air transportation industries. JBT designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT was incorporated in 1994 and is based in Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 13 - 3 2 - - 18
vol $972M $227M $290M $1.5B
Sell (0.2/yr) # - - - - 1 - 1
vol $800M $800M
  19

Most Recent M&A

Company Date Value Type
JBT - AeroTech Business 2023-05-30 800M USD Divestiture
Chicago, Illinois
Bevcorp LLC 2022-09-01 290M USD Add-on Acquisition
Eastlake, Ohio · www.bevcorp.com
Alco-food-machines GmbH & Co. KG 2022-07-01 - Add-on Acquisition
Bad Iburg, Germany · www.alco-food.com
Urtasun Tecnología Alimentaria S.L. 2021-11-02 40M USD Add-on Acquisition
Navarra, Spain · www.urtasun.com
Prevenio 2021-06-28 170M USD Add-on Acquisition
Bridgewater, New Jersey · www.prevenio.com
AutoCoding Systems Ltd. 2021-03-01 17M USD Add-on Acquisition
Cheshire, United Kingdom · www.autocodingsystems.com
Proseal UK Ltd. 2019-04-29 339M GBP Add-on Acquisition
Cheshire, United Kingdom · www.proseal.com
LEKTRO, Inc. 2019-01-22 48M USD Add-on Acquisition
Warrenton, Oregon · www.lektro.com
Food Technology Noord-Oost Nederland B.V. 2018-07-12 36M EUR Add-on Acquisition
Almelo, Netherlands · www.ftnon.com
PLF International Ltd. 2017-07-31 43M GBP Add-on Acquisition
Harwich, United Kingdom · www.plfinternational.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 13 (72%) 949M (64%) - -
Aerospace 2 (11%) 63M (4%) 1 (100%) 800M (100%)
Chemicals 1 (6%) 170M (11%) - -
Packaging 1 (6%) 290M (19%) - -
Software 1 (6%) 17M (1%) - -
Total 18 $1.5B 1 $800M

By Geo

State/Country Buy Value Sell Value
United States 8 917M 1 800M
  Wisconsin 1 102M - -
  Tennessee 1 57M - -
  Pennsylvania 1 - - -
  Oregon 1 48M - -
  Ohio 1 290M - -
  North Carolina 1 160M - -
  New Jersey 1 170M - -
  Arizona 1 90M - -
  Illinois - - 1 800M
United Kingdom 4 414M - -
Netherlands 3 118M - -
Germany 1 - - -
South Africa 1 - - -
Spain 1 40M - -
Domestic 8 (44%) 917M (62%) 1 (100%) 800M (100%)
Cross-border 10 (56%) 572M (38%) - -
Total 18 $1.5B 1 $800M

Deal Values

buy # Total
$100M to $1B 5 $1.1B
< $100M 10 $429M
TOTAL $1.5B
Largest Proseal UK Ltd.
$339M (2019-04-29)
sell # Total
$100M to $1B 1 $800M
TOTAL $800M
Largest JBT - AeroTech Business
$800M (2023-05-30)

M&A Connections

Deals
Acquired from
Investor(s)
11%
2 (11%)
Strategic(s)
17%
3 (17%)
Divested to
Strategic(s)
100%
1 (100%)

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