M&A Deal Summary

Curtiss-Wright Acquires Arens Control

On October 7, 2013, Curtiss-Wright acquired electronics company Arens Control from Aldine Capital Partners for 98M USD

Acquisition Highlights
  • This is Curtiss-Wright’s 4th transaction in the Electronics sector.
  • This is Curtiss-Wright’s 11th largest (disclosed) transaction.
  • This is Curtiss-Wright’s 35th transaction in the United States.
  • This is Curtiss-Wright’s 1st transaction in Illinois.

M&A Deal Summary
Date 2013-10-07
Target Arens Control
Sector Electronics
Buyer(s) Curtiss-Wright
Sellers(s) Aldine Capital Partners
Deal Type Add-on Acquisition
Deal Value 98M USD

Target

Arens Control

Arlington Heights, Illinois, United States
website
Arens Control Co is a designer and manufacturer of highly-engineered, precision operator interface controls and power management systems for commercial and off-road industrial vehicles.

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Buyer(S) 1

Buyer

Curtiss-Wright

Davidson, North Carolina, United States

website

Category Company
Founded 1929
Sector Diversified
Employees8,100
Revenue 2.6B USD (2022)
DESCRIPTION

Curtiss-Wright is a global company that delivers highly engineered, critical function products and services to the commercial, defense, energy, and industrial markets. Curtiss-Wright operates through three segments: Commercial/Industrial, Defense, and Energy. The Commercial segment offers products/services that include surface technology services such as shot peening, laser peening, coatings and advanced surface analytics; industrial products such as electronic throttle control devices and transmission shifters; electro-mechanical actuation control components, and utility systems used on aircraft. The Defense segment produces embedded computing board level modules, integrated subsystems, turret aiming and stabilization products, and weapons handling systems. The Energy segment produces a wide range of hardware, pumps, valves, pressure vessels, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing technologies for nuclear power plants and nuclear equipment manufacturers. Curtiss-Wright was incorporated in 1929 and is based in Davidson, North Carolina.

DEAL STATS #
Overall 48 of 59
Sector (Electronics) 4 of 4
Type (Add-on Acquisition) 30 of 41
State (Illinois) 1 of 1
Country (United States) 35 of 41
Year (2013) 5 of 5
Size (of disclosed) 11 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Parvus

Salt Lake City, Utah, United States

Parvus is a designer and manufacturer of open standard-based modules and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) applications in the defense market and various applications in the aerospace, homeland security and general industrial markets.

Buy $38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-13 Component Coating and Repair Services

Glasgow,, United Kingdom

Component Coating and Repair Services is a provider of ultra-smooth and corrosion resistant coatings and precision airfoil repair services for aerospace and industrial turbine applications.

Buy $25M

Seller(S) 1

SELLER

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 5 of 23
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 5 of 14
State (Illinois) 2 of 6
Country (United States) 5 of 23
Year (2013) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-03 Prestress Engineering

Prairie Grove, Illinois, United States

Prestress Engineering Company is the source of prestressed concrete bridge beams, sound wall, and retaining walls for the transportation infrastructure market. PEC is also an award winning source for precast structural/architectural concrete products for multi-family housing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 Design Tanks

Sioux Falls, South Dakota, United States

Design Tanks, Inc. designs, engineers, and manufactures fiberglass-reinforced plastic tanks. It offers tops/covers/bottoms, mixing tanks, solar tanks, sectionalized tanks, double wall tanks, and rectangular. Design Tanks was founded in 1956 and is based in Sioux Falls, South Dakota.

Buy -
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