M&A Deal Summary

Finning Acquires Caterpillar - Distribution Business

On January 18, 2012, Finning acquired distribution company Caterpillar - Distribution Business from Caterpillar for 465M USD

Acquisition Highlights
  • This is Finning’s 3rd transaction in the Distribution sector.
  • This is Finning’s largest (disclosed) transaction.
  • This is Finning’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2012-01-18
Target Caterpillar - Distribution Business
Sector Distribution
Buyer(s) Finning
Sellers(s) Caterpillar
Deal Type Divestiture
Deal Value 465M USD

Target

Caterpillar - Distribution Business

United Kingdom
Caterpillar - Distribution Business operates a construction, mining and agricultural machinery parts distribution center, includes facilities and inventory primarily in South America and Canada.

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Buyer(S) 1

Buyer

Finning

Vancouver, British Columbia, Canada

website


Category Company
Founded 1933
Sector Machinery
Employees13,188
Revenue 9.3B CAD (2022)
DESCRIPTION

Finning is the largest Caterpillar dealer operating in some of the most resource-rich territories in the world. Finning was founded in 1933 and is based in Vancouver, Canada.


DEAL STATS #
Overall 7 of 11
Sector (Distribution) 3 of 3
Type (Divestiture) 2 of 2
Country (United Kingdom) 3 of 5
Year (2012) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-05 Hewden Stuart

Manchester, United Kingdom

Hewden is an equipment rental company, providing equipment rental and contract management services to key businesses in virtually every sector of British industry. Equipment rental typically includes cranes, dumpers, excavators, access platforms and power generation tools.

Sell £110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Kramer

Regina, Saskatchewan, Canada

Kramer Ltd. sells, rents and provides service to diverse market segments across the province. Company operates seven dealership operations in Regina, Saskatoon, Estevan, Swift Current, North Battleford, Kindersley and Tisdale, as well as rental locations in Regina and Saskatoon. Kramer serves customers in a range of industries, including construction, mining, oil and gas, forestry and agriculture, 160 highly-skilled, Caterpillar-trained heavy equipment technicians and 38 service trucks to provide service where and when customers need it.

Buy $230M

Seller(S) 1

SELLER

Caterpillar

Irving, Texas, United States

website


Category Company
Founded 1925
Sector Machinery
Employees109,100
Revenue 59.4B USD (2022)
DESCRIPTION
Caterpillar's corporate headquarters in Deerfield, Illinois.
Caterpillar's corporate headquarters in Deerfield, Illinois.

Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar principally operates through three product segments. These include Resource Industries, Construction Industries, and Energy & Transportation. Caterpillar also provides financing and related services through its Financial Products segment. Caterpillar was incorporated in 1925 and is based in Irving, Texas.


DEAL STATS #
Overall 4 of 8
Sector (Distribution) 1 of 1
Type (Divestiture) 3 of 7
Country (United Kingdom) 1 of 2
Year (2012) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-10 ERA Mining Machinery Limited

China

ERA is a non-state owned hydraulic roof support manufacturer in the People's Republic of China through its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Equipment Manufacturing Co., Ltd. which is based in Zhengzhou, Henan. ERA produces hydraulic roof supports for longwall coal mining and has established a clientele of coal mining producers primarily located in 13 of China's provinces and autonomous regions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Neovia Logistics

Irving, Texas, United States

Neovia Logistics is a provider of integrated logistics services, including service parts logistics, warehousing, business support services, order and inventory management, and other value-added services. Neovia Logistics was founded in 1987 and is based in Irving, Texas.

Sell $750M