ITW - M&A Summary and Business Overview

ManufacturingCompany

ITW M&A Summary

ITW has acquired 53 companies, including 1 in the last 5 years. A total of 18 acquisitions came from private equity firms. It has also divested 14 assets.

ITW’s largest acquisition to date was in 2008, when it acquired Quipp for $8.5B. It’s largest disclosed sale occurred in 2015, when it sold Signode Industrial Group to for $3.2B. ITW has acquired in 15 different US states, and 11 countries. The Company’s most targeted sectors include machinery (21%) and manufacturing (15%).

ITW Business Overview

Where is ITW headquartered?

ITW is headquartered in Glenview, Illinois.

What is ITW’s revenue?

ITW disclosed revenue of 15,932M USD for 2022 and 14,455M USD for 2021.

How many employees does ITW have?

ITW has 46,000 employees.

What sector is ITW in?

ITW is a manufacturing company.

When was ITW founded?

ITW was founded in 1912.

M&A Summary

  • M&A Total Activity62
    • M&A Buy Activity49
    • M&A Sell Activity14
  • Total Sectors Invested 15
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 33
  • M&A Advisors 3

ITW

Illinois Tool Works, Inc.

155 Harlem Avenue,
Glenview, Illinois 60025
United States,
(847) 724-7500
www.itw.com

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 48 - 1 - - - 49
vol $9.7B $9.7B
Sell (0.2/yr) # 13 - - 1 - - 14
vol $4.3B $4.3B
  63

Most Recent M&A

Company Date Value Type
Kiwiplan, Inc. 2022-07-05 - Divestiture
Cincinnati, Ohio · www.kiwiplan.com
MTS Systems - Test & Simulation Business 2021-01-19 - Divestiture
Wallingford, Connecticut
Kester, Inc. 2019-12-03 68M USD Divestiture
Itasca, Illinois · www.kester.com
ITW Insulation Systems, Inc. 2019-11-21 - Divestiture
Houston, Texas · www.itwinsulation.com
NewBold Technologies 2019-04-01 - Divestiture
Greenville, South Carolina · www.newboldtech.com
ZF TRW - Engineered Fasteners and Components business (EF&C) 2016-01-25 450M USD Divestiture
, Germany
Signode Industrial Group, Inc. 2015-05-01 3.2B USD Divestiture
Glenview, Illinois · www.signode.com
CCI Corp. 2013-08-08 - Divestiture
Tulsa, Oklahoma
Vesta Catering Equipment Co., Ltd 2013-07-03 - Add-on Acquisition
Guangzhou, China · www.vesta-china.com
Illinois Tool Works - Forkardt Operations 2013-05-09 34M USD Divestiture
, Germany
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
PBT Brands, Inc. 2004-12-31 Accessories Marketing, Inc. 2010-04-01 1
Hartford, Connecticut · www.permatex.com San Luis Obispo, California · www.slime.com

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 10 (21%) 8.5B (87%) 2 (14%) 684M (16%)
Manufacturing 7 (15%) 55M (1%) 1 (7%) -
Building Materials 4 (8%) - 2 (14%) 395M (9%)
Chemicals 5 (10%) 90M (1%) - -
Test/Measurement Equipment 4 (8%) - 1 (7%) -
Packaging 3 (6%) 550M (6%) 1 (7%) 3.2B (74%)
Electrical Equipment 2 (4%) 89M (1%) 2 (14%) 68M (2%)
Electronics 3 (6%) - - -
Automotive 2 (4%) 450M (5%) 1 (7%) -
Software 2 (4%) - 1 (7%) -
Medical Products 2 (4%) - - -
Business Services 1 (2%) - 1 (7%) -
Information Technology 1 (2%) - 1 (7%) -
Plastics 1 (2%) - 1 (7%) -
Distribution 1 (2%) - - -
Total 48 $9.7B 14 $4.3B

By Geo

State/Country Buy Value Sell Value
United States 32 9.3B 12 4.3B
  Illinois 4 729M 3 3.3B
  Ohio 4 - 1 -
  Massachusetts 4 55M 1 -
  Minnesota 3 - 1 650M
  Texas 2 - 2 395M
  Connecticut 3 - - -
  South Carolina 2 - 1 -
  Pennsylvania 2 - - -
  California 2 - - -
  Oregon 1 - 1 -
  Tennessee 1 - - -
  Missouri 1 - - -
  Georgia 1 - - -
  Florida 1 8.5B - -
  Oklahoma - - 1 -
  Kentucky - - 1 -
Germany 3 450M 1 34M
Canada 2 - 1 -
  Ontario 2 - 1 -
United Kingdom 3 - - -
China 2 - - -
France 2 - - -
Denmark 1 - - -
Netherlands 1 - - -
South Africa 1 - - -
Spain 1 - - -
Switzerland 1 - - -
Domestic 32 (65%) 9.3B (95%) 12 (86%) 4.3B (99%)
Cross-border 17 (35%) 450M (5%) 2 (14%) 34M (1%)
Total 49 $9.7B 14 $4.3B

Top M&A Advisors

Financial Deals
Robert W. Baird & Co., Inc.
1
Goldman Sachs
1
Legal Deals
Mayer Brown
1

Deal Values

buy # Total
> $1B 1 $8.5B
$100M to $1B 2 $1.0B
< $100M 3 $234M
TOTAL $9.7B
Largest Quipp, Inc.
$8.5B (2008-03-27)
sell # Total
> $1B 1 $3.2B
$100M to $1B 2 $1.0B
< $100M 2 $102M
TOTAL $4.3B
Largest Signode Industrial Group, Inc.
$3.2B (2015-05-01)

M&A Connections

Deals
Acquired from
Investor(s)
29%
14 (29%)
Strategic(s)
12%
6 (12%)
Divested to
Investor(s)
29%
4 (29%)
Strategic(s)
64%
9 (64%)

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