Melrose Industries has acquired 6 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 9 assets.
Melrose Industries’ largest acquisition to date was in 2016, when it acquired Nortek for $2.8B. It’s largest disclosed sale occurred in 2015, when it sold Elster Group SE to Honeywell International for $5.1B. Melrose Industries has acquired in 3 different US states, and 4 countries. The Company’s most targeted sectors include manufacturing (50%) and building materials (17%).
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Leconfield House Curzon Street,
London,
W1J 5JA
United Kingdom,
44 20 7647 4500
www.melroseplc.net
Melrose buys good manufacturing businesses with strong fundamentals whose performance can be improved. Melrose finances its acquisitions using a low level of leverage, improves the businesses by a mixture of investment and changed management focus, sells them and returns the proceeds to shareholders.
| Year | ≤ '14 | '15 | '16 | '17 | '18 | '19 | T | |
|---|---|---|---|---|---|---|---|---|
| Buy (0.2/yr) | # | 5 | - | 1 | - | - | - | 6 |
| vol | $4.7B | $2.8B | $7.5B | |||||
| Sell (0.2/yr) | # | 8 | 1 | - | - | - | - | 9 |
| vol | $826M | $5.1B | $5.9B | |||||
| 15 | ||||||||
| Financial | Deals |
|---|---|
|
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1 |
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1 |
| Legal | Deals |
|---|---|
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2 |
| Buy | # | TOTAL |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| TOTAL | Sign-up to View | |
| Largest |
Nortek, Inc. $2.8B (2016-07-06) |
|
| Sell | # | Total |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| Total | Sign-up to View | |
| Largest |
Elster Group SE $5.1B (2015-07-28) |
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When analyzing the machinery sector as a whole, according to Mergr, in the last 3 years, there are 231 machinery companies that have made at least 1 acquisition, 17 have acquired at least 5 companies, and 2 have acquired more than 10 companies.
The most prolific strategic machinery acquirer over the past 3 years is Atlas Copco AB, with 14 acquisitions. The most prolific private equity acquirer in the machinery sector over the past 3 years is Xenon Private Equity with 4 platform acquisitions.
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