M&A Deal Summary

Enerpac Tool Group Acquires Maxima Technologies & Systems

On December 22, 2006, Enerpac Tool Group acquired manufacturer Maxima Technologies & Systems from Eureka Equity Partners and HB Equity Partners for 91M USD

Acquisition Highlights
  • This is Enerpac Tool Group’s 3rd transaction in the Manufacturing sector.
  • This is Enerpac Tool Group’s 7th largest (disclosed) transaction.
  • This is Enerpac Tool Group’s 7th transaction in the United States.
  • This is Enerpac Tool Group’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2006-12-22
Target Maxima Technologies & Systems
Sector Manufacturing
Buyer(s) Enerpac Tool Group
Sellers(s) Eureka Equity Partners
HB Equity Partners
Deal Type Add-on Acquisition
Deal Value 91M USD

Target

Maxima Technologies & Systems

Lancaster, Pennsylvania, United States
website
Maxima Technologies & Systems LLC is a full-service, manufacturing company specializing in electronic controls, vehicle instrumentation, components and related accessories for off-highway equipment, specialty vehicles, industrial and on-highway vehicles, as well as the automotive aftermarket. Maxima markets its products under four distinct brands: AST, Datcon, Stewart Warner and Stewart Warner Performance.

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Buyer(S) 1

Buyer

Enerpac Tool Group

Menomonee Falls, Wisconsin, United States

website


Category Company
Founded 1910
Sector Machinery
Employees2,200
Revenue 571M USD (2022)
DESCRIPTION
Entrance to Actuant's corporate headquarters in Menomonee Falls, Wisconsin.
Entrance to Actuant's corporate headquarters in Menomonee Falls, Wisconsin.

Enerpac Tool Group is a premier industrial tools and services company serving a broad and diverse set of customers in more than 90 countries. Enerpac Tool Group businesses are in high-pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. Enerpac Tool Group was founded in 1910 and is based in Menomonee Falls, Wisconsin.


DEAL STATS #
Overall 12 of 28
Sector (Manufacturing) 3 of 5
Type (Add-on Acquisition) 11 of 25
State (Pennsylvania) 1 of 1
Country (United States) 7 of 11
Year (2006) 4 of 4
Size (of disclosed) 7 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 Kwikee

Peoria, Illinois, United States

Kwikee is a management and distribution platform ensuring end-to-end content management: Creation, DAM, PIM, Syndication, Analytics & Reporting, all on a unified global platform. Kwikee was founded in 1969 and is based in Peoria, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-05 Machinefabriek Veha Haaksbergen B.V.

Haaksbergen, Netherlands

Machinefabriek Veha Haaksbergen B.V. is a manufactures wide range of machined products, including hydraulic cylinders.

Buy -

Seller(S) 2

SELLER

Eureka Equity Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 8 of 23
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 4 of 12
State (Pennsylvania) 6 of 9
Country (United States) 8 of 23
Year (2006) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-29 Specialty Pharma

Cromwell, Connecticut, United States

Specialty Pharma, through its operating subsidiary Professional Home Care Services, is a regional provider of home infusion and respiratory therapy services. Specialty Pharma also distributes and administers biotechnology drug therapies such as Synagis® in patient home and physician office settings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-22 Boom

New York, New York, United States

Boom designs, develops, and sources fragrance, bath and body products sold to specialty retailers and department stores under private label and license agreements. boom! provides the beauty and personal care industry with a one source solution for product ideation, marketing, formulation, testing, packaging, manufacturing and distribution services.

Sell -
SELLER

HB Equity Partners

New York, New York, United States

website


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

HB Equity Partners is a private equity firm that targets small company investments in distribution, gaming, leisure/entertainment, media/telecommunications, services, and specialty manufacturing. HB Equity looks to invest between $10 and $30 million of equity capital in businesses valued up to $100 million. Target transaction situations include managment buyouts, corporate divestitures, growth financings, recapitalizations, and special situations. HB Equity prefers to partner with management teams and has an investment horizon of three to five years. HB Equity Partners was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 2 of 4
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 4
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 Maxima Technologies & Systems

Lancaster, Pennsylvania, United States

Maxima Technologies & Systems LLC is a full-service, manufacturing company specializing in electronic controls, vehicle instrumentation, components and related accessories for off-highway equipment, specialty vehicles, industrial and on-highway vehicles, as well as the automotive aftermarket. Maxima markets its products under four distinct brands: AST, Datcon, Stewart Warner and Stewart Warner Performance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-11 Advent Communications and Entertainment

Las Vegas, Nevada, United States

Advent Communications & Entertainment is a gaming development company that has a portfolio of projects including gaming and hotel entertainment concepts. Each project is developed independently in order to create licensing and franchising opportunities. Advent Communications and Entertainment is based in Las Vegas, Nevada.

Sell -