M&A Deal Summary

Duravant Acquires Key Technology

On January 25, 2018, Duravant acquired machinery company Key Technology for 175M USD

Acquisition Highlights
  • This is Duravant’s 3rd transaction in the Machinery sector.
  • This is Duravant’s largest (disclosed) transaction.
  • This is Duravant’s 4th transaction in the United States.
  • This is Duravant’s 1st transaction in Washington.

M&A Deal Summary
Date 2018-01-25
Target Key Technology
Sector Machinery
Buyer(s) Duravant
Deal Type Add-on Acquisition
Deal Value 175M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Tonkon Torp (Legal)

Target

Key Technology

Walla Walla, Washington, United States
website
Key Technology, Inc. is a designer, manufacturer and marketer of process automation systems integrating electro-optical inspection, sorting, and process systems in the United States and internationally. Key Technology was founded in 1948 and is based in Walla Walla, Washington.

Search 193,605 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

Duravant

Downers Grove, Illinois, United States

website

Category Company
Sector Machinery
DESCRIPTION

Duravant is a provider of highly engineered automation equipment and related aftermarket solutions for packaging, material handling, and food processing applications. Duravant designs and assembles mission-critical equipment, including form-fill-seal machines, robotic palletizers, conveyors, and thermal processors, primarily serving the food and beverage, e-commerce, distribution, and agriculture end-markets. Duravant is based in Downers Grove, Illinois.

DEAL STATS #
Overall 5 of 18
Sector (Machinery) 3 of 11
Type (Add-on Acquisition) 5 of 16
State (Washington) 1 of 1
Country (United States) 4 of 9
Year (2018) 2 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 OHLSON Packaging

Taunton, Massachusetts, United States

OHLSON Packaging is a manufacturer of automatic food packaging lines. OHLSON Packaging offers a complete line of solutions for packaging products into bags, bottles, boxes, premade pouches, cups, containers, trays and MAP systems, specializing in the food industry. Ohlson Packaging was established in 1967 and is based in Taunton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 QC Industries

Batavia, Ohio, United States

QC Industries LLC is a manufacturer of durable and reliable conveyors and integrated systems, specializing in low profile conveyor designs and technologies. QC Industries is based in Batavia, Ohio.

Buy -
Mergr

Product

Company

Legal