Matthews International - M&A Summary and Business Overview

Business ServicesCompany

Matthews International M&A Summary

Matthews International has acquired 16 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Matthews International’s largest acquisition to date was in 2014, when it acquired Schawk for $577M. Matthews International has acquired in 7 different US states, and 6 countries. The Company’s most targeted sectors include machinery (25%) and business services (25%).

Matthews International Business Overview

Where is Matthews International headquartered?

Matthews International is headquartered in Pittsburgh, Pennsylvania.

What is Matthews International’s revenue?

Matthews International disclosed revenue of 1,762M USD for 2022 and 1,671M USD for 2021.

How many employees does Matthews International have?

Matthews International has 11,000 employees.

What sector is Matthews International in?

Matthews International is a business services company.

When was Matthews International founded?

Matthews International was founded in 1850.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity16
    • M&A Sell Activity1
  • Total Sectors Invested 9
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

Matthews International

Matthews International Corp.

Two NorthShore Center,
Pittsburgh, Pennsylvania 15212
United States,
(412) 442-8200
www.matw.com

Matthews International is a designer, manufacturer and marketer principally of memorialization products and brand solutions. Memorialization products consist primarily of bronze and granite memorials and other memorialization products, caskets and cremation equipment for the cemetery and funeral home industries. Matthews International was founded in 1850 and is based in Pittsburgh, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 14 - 1 1 - - 16
vol $915M $45M $960M
Sell (0.0/yr) # 1 - - - - - 1
  17

Most Recent M&A

Company Date Value Type
OLBRICH GmbH 2022-06-21 45M USD Add-on Acquisition
Bocholt, Germany · www.olbrich.com
Terrella Energy Systems Ltd. 2021-05-11 - Add-on Acquisition
Mission, British Columbia · www.terrellaenergy.com
Star Granite & Bronze 2018-02-01 41M USD Add-on Acquisition
Elberton, Georgia · www.stargranite.com
Equator, Ltd. 2017-03-01 - Add-on Acquisition
Glasgow, United Kingdom · www.eqtr.com
Visual Communications Group, Inc. 2017-02-14 - Add-on Acquisition
Burnsville, Minnesota · www.vcgcorporate.com
Ungricht GmbH 2016-11-28 27M USD Add-on Acquisition
Moenchengladbach, Germany · www.ungricht.de
Aurora Casket Company, Inc. 2015-08-20 214M USD Add-on Acquisition
Aurora, Indiana · www.auroracasket.com
Blue Software LLC 2014-12-22 - Divestiture
Des Plaines, Illinois · www.bluesoftware.com
Schawk, Inc.(SGK) 2014-03-17 577M USD Add-on Acquisition
Des Plaines, Illinois · www.schawk.com
Pyramid Control Systems, Inc. 2012-12-17 - Add-on Acquisition
Cincinnati,, Ohio · www.pyramidcontrols.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 4 (25%) 604M (63%) - -
Machinery 4 (25%) 100M (10%) - -
Digital Media 2 (13%) - - -
Building Materials 1 (6%) 41M (4%) - -
Distribution 1 (6%) - - -
Diversified 1 (6%) - - -
Information Technology 1 (6%) - - -
Manufacturing 1 (6%) 214M (22%) - -
Metals/Mining 1 (6%) - - -
Software - - 1 (100%) -
Total 16 $960M 1 -

By Geo

State/Country Buy Value Sell Value
United States 9 832M 1 -
  Pennsylvania 2 - - -
  Georgia 2 41M - -
  Illinois 1 577M 1 -
  Ohio 1 - - -
  North Carolina 1 - - -
  Minnesota 1 - - -
  Indiana 1 214M - -
Germany 3 72M - -
Canada 1 - - -
  British Columbia 1 - - -
Switzerland 1 55M - -
Turkey 1 - - -
United Kingdom 1 - - -
Domestic 9 (56%) 832M (87%) 1 (100%) -
Cross-border 7 (44%) 127M (13%) - -
Total 16 $960M 1 -

Top M&A Advisors

Financial Deals
Raptor Partners LLC
 1
Evercore Group
 1
Legal Deals
Joelson JD
 1
Dentons Cohen & Grigsby
 1

Deal Values

buy # Total
$100M to $1B 2 $791M
< $100M 4 $169M
TOTAL $960M
Largest Schawk, Inc.(SGK)
$577M (2014-03-17)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Business Services

Revenue

1,762   6% 2022
1,671   12% 2021
1,498   3% 2020
1,537   5% 2019
1,603   6% 2018
1,516   3% 2017
1,480   4% 2016
1,426   29% 2015
1,107   13% 2014
985   10% 2013
900   2012
(millions of USD) Show More Show Less

Employees

11,000

Established

1850

Public

NASDAQ: MATW

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