Kennametal - M&A Summary and Business Overview

MachineryCompany

Kennametal M&A Summary

Kennametal has acquired 14 companies. A total of 3 acquisitions came from private equity firms. It has also divested 8 assets.

Kennametal’s largest acquisition to date was in 1997, when it acquired Greenfield Industries for $1.0B. It’s largest disclosed sale occurred in 2006, when it sold J&L America to MSC Industrial Direct for $350M. Kennametal has acquired in 6 different US states, and 4 countries. The Company’s most targeted sectors include machinery (36%) and metals/mining (22%).

Kennametal Business Overview

Where is Kennametal headquartered?

Kennametal is headquartered in Pittsburgh, Pennsylvania.

What is Kennametal’s revenue?

Kennametal disclosed revenue of 2,078M USD for 2023 and 2,012M USD for 2022.

How many employees does Kennametal have?

Kennametal has 8,700 employees.

What sector is Kennametal in?

Kennametal is a machinery company.

When was Kennametal founded?

Kennametal was founded in 1938.

M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity14
    • M&A Sell Activity8
  • Total Sectors Invested 7
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 10
  • M&A Advisors 4

Kennametal

Kennametal, Inc.

525 William Penn Place Suite 3300,
Pittsburgh, Pennsylvania 15219
United States,
(724) 539-5000
www.kennametal.com

Kennametal is a provider of innovative resistant products, application engineering and services backed by advanced material science, serving customers in 60 countries across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure. Kennametal was founded in 1938 and is based in Pittsburgh, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 14 - - - - - 14
vol $2.3B $2.3B
Sell (0.0/yr) # 8 - - - - - 8
vol $391M $391M
  22

Most Recent M&A

Company Date Value Type
International Specialty Alloys, Inc. 2019-10-09 - Divestiture
New Castle, Pennsylvania
Tricon Wear Solutions LLC 2015-12-01 - Divestiture
Irondale, Alabama · www.triconwearsolutions.com
Landis Solutions LLC 2015-12-01 - Divestiture
Waynesboro, Pennsylvania · www.landis-solutions.com
Extrude Hone Corp. 2015-12-01 - Divestiture
Irwin, Pennsylvania · www.extrudehone.com
Deloro Group 2015-12-01 - Divestiture
Koblenz, Germany · www.deloro.com
Allegheny Technologies - Tungsten Materials 2013-11-04 605M USD Divestiture
, United States
Comercializadora Emura S.R.L. 2013-08-01 - Add-on Acquisition
El Alto, Bolivia
Deloro Stellite, Inc. 2012-01-17 312M EUR Add-on Acquisition
Bicester, United Kingdom · www.stellite.com
Tricon Wear Solutions LLC 2008-10-01 - Add-on Acquisition
Irondale, Alabama · www.triconwearsolutions.com
Tricon Metals & Services, Inc. 2008-08-25 - Add-on Acquisition
Birmingham, Alabama
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 5 (36%) 1.7B (75%) 2 (25%) -
Metals/Mining 3 (21%) 312M (13%) 2 (25%) -
Manufacturing 2 (14%) 212M (9%) 1 (13%) -
Distribution 1 (7%) - 2 (25%) 391M (100%)
Marine 1 (7%) - 1 (13%) -
Chemicals 1 (7%) 65M (3%) - -
Technology Hardware 1 (7%) - - -
Total 14 $2.3B 8 $391M

By Geo

State/Country Buy Value Sell Value
United States 8 1.8B 7 391M
  Pennsylvania 2 137M 4 41M
  Alabama 2 - 1 -
  Massachusetts 1 - 1 -
  South Carolina 1 1.0B - -
  Indiana 1 65M - -
  Michigan - - 1 350M
Germany 4 212M 1 -
Bolivia 1 - - -
United Kingdom 1 312M - -
Domestic 8 (57%) 1.8B (78%) 7 (88%) 391M (100%)
Cross-border 6 (43%) 524M (22%) 1 (13%) -
Total 14 $2.3B 8 $391M

Top M&A Advisors

Financial Deals
The Valence Group
1
BofA Securities
1
J.P. Morgan Securities
1

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 4 $1.3B
< $100M 1 $65M
TOTAL $2.3B
Largest Greenfield Industries, Inc.
$1.0B (1997-10-12)
sell # Total
$100M to $1B 1 $350M
< $100M 1 $41M
TOTAL $391M
Largest J&L America, Inc. (dba J&L Industrial Supply)
$350M (2006-06-08)

M&A Connections

Deals
Acquired from
Investor(s)
21%
3 (21%)
Strategic(s)
14%
2 (14%)
Divested to
Investor(s)
50%
4 (50%)
Strategic(s)
50%
4 (50%)

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