M&A Deal Summary |
|
|---|---|
| Date | 2014-04-16 |
| Target | Air Distribution Technologies |
| Sector | Engineering |
| Buyer(s) | Johnson Controls |
| Sellers(s) |
Onex Partners
American Capital CPP Investments |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.6B USD |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Company |
|---|---|
| Founded | 1885 |
| Sector | Diversified |
| Employees | 102,000 |
| Revenue | 25.3B USD (2022) |
Johnson Controls is a diversified technology and industrial company. The Company creates products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls was founded in 1885 and is based in Cork, Ireland.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 32 |
| Sector (Engineering) | 3 of 4 |
| Type (Add-on Acquisition) | 14 of 27 |
| State (Texas) | 1 of 1 |
| Country (United States) | 11 of 20 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 2 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-13 |
Johnson Controls - Electronics Business
United States Johnson Controls’ electronics business employs 4,800 people at seven r&d centers in Europe, North America and Asia. |
Sell | $265M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-01 |
Johnson Controls - Global WorkPlace Solutions
Wisconsin, United States Johnson Controls, Inc. - Global WorkPlace Solutions is a provider of Integrated Facilities Management solutions for major occupiers of commercial real estate and has significant operations around the world. |
Sell | $1.5B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 23.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 36 |
| Sector (Engineering) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 6 |
| State (Texas) | 1 of 1 |
| Country (United States) | 12 of 28 |
| Year (2014) | 1 of 3 |
| Size (of disclosed) | 3 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-23 |
Tomkins
London, United Kingdom Tomkins is a global engineering and manufacturing leading group. This American company manufactures a variety of products for the industrial, automotive and building products market focusing on energy-efficiency and green products. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-03 |
Gates Industrial
Denver, Colorado, United States Gates Industrial is a manufacturer of power transmission belts and a premier global manufacturer of fluid power products. Gates Industrial was founded in 1911 and is based in Denver, Colorado. |
Sell | $5.4B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 22.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.
| DEAL STATS | # |
|---|---|
| Overall | 154 of 194 |
| Sector (Engineering) | 5 of 6 |
| Type (Add-on Acquisition) | 75 of 87 |
| State (Texas) | 14 of 15 |
| Country (United States) | 150 of 186 |
| Year (2014) | 4 of 13 |
| Size (of disclosed) | 1 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-03 |
Specialty Brands of America
Westbury, New York, United States Specialty Brands is a packaged foods company with a portfolio of strong and differentiated brands. Specialty Brands’ largest brand is Bear Creek Country Kitchens. Bear Creek is the leading brand of hearty dry soups in the United States. Bear Creek also offers a line of savory pasta dishes and hearty rice dishes. Specialty Brands also offers Spring Tree, Cary’s and MacDonald’s pure maple syrups and pancake syrups, New York Flatbreads and Canoleo margarine. |
Sell | $155M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-17 |
Scientific Protein Laboratories
Waunakee, Wisconsin, United States Scientific Protein Laboratories LLC is a global independent manufacturer and supplier of biologic active pharmaceutical ingredients (APIs). The company has an established bio pharmaceutical companies around the world. |
Sell | $338M |
CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 12 |
| Sector (Engineering) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 7 |
| State (Texas) | 1 of 4 |
| Country (United States) | 1 of 7 |
| Year (2014) | 1 of 3 |
| Size (of disclosed) | 6 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-21 |
Wilton Re Holdings
Norwalk, Connecticut, United States Wilton Re Holdings Limited provides traditional life reinsurance and insurance Run Off Solutions through its wholly owned operating subsidiaries, Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, and Wilton Reassurance Life Company of New York. |
Buy | $1.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-03 |
Gates Industrial
Denver, Colorado, United States Gates Industrial is a manufacturer of power transmission belts and a premier global manufacturer of fluid power products. Gates Industrial was founded in 1911 and is based in Denver, Colorado. |
Sell | $5.4B |
