M&A Deal Summary

Pentair Acquires Manitowoc Ice

On March 3, 2022, Pentair acquired machinery company Manitowoc Ice from Welbilt for 1.4B USD

Acquisition Highlights
  • This is Pentair’s 3rd transaction in the Machinery sector.
  • This is Pentair’s 3rd largest (disclosed) transaction.
  • This is Pentair’s 12th transaction in the United States.
  • This is Pentair’s 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2022-03-03
Target Manitowoc Ice
Sector Machinery
Buyer(s) Pentair
Sellers(s) Welbilt
Deal Type Divestiture
Deal Value 1.4B USD

Target

Manitowoc Ice

Manitowoc, Wisconsin, United States
website
Manitowoc Ice is a designer, manufacturer, and distributor of commercial ice machines in the United States and globally. Manitowoc Ice has excelled at delivering differentiated product innovation, food safety, and sustainability in icemaking. Manitowoc Ice is based in Manitowoc, Wisconsin.

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Buyer(S) 1

Buyer

Pentair

London, United Kingdom

website

Category Company
Founded 1966
Sector Diversified
Employees9,500
Revenue 3.0B USD (2020)
DESCRIPTION
Pentair facility in Roseville, Minnesota.
Pentair facility in Roseville, Minnesota.

Pentair is a global diversified industrial products company. Pentair's Water and Fluid Solutions segment is a provider of water and fluid processing products and solutions used in a wide range of applications. Pentair's Technical Products segment is a provider of products that enclose and protect some of the world's most sensitive electronics and electrical equipment, ensuring their safe, secure and reliable performance. Pentair was founded in 1966 and is based in London.

DEAL STATS #
Overall 17 of 17
Sector (Machinery) 3 of 3
Type (Divestiture) 3 of 3
State (Wisconsin) 2 of 2
Country (United States) 12 of 12
Year (2022) 1 of 1
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Pleatco Filtration

Louisville, Kentucky, United States

Pleatco Filtration is a provider of replacement filter cartridges and filtration products to the industrial air and the pool/spa markets across North America, Europe, and around the globe. Pleatco is dedicated to providing customers superior product quality, great service, and industry-leading engineering. Through science and innovation, Pleatco’s products provide clean air filtration for manufacturing employees and clean water to families and the environment broadly. Pleatco Filtration was founded in 2006 and is based in Louisville, Kentucky.

Buy $255M

Seller(S) 1

SELLER

Welbilt

New Port Richey, Florida, United States

website

Category Company
Founded 1902
Sector Machinery
Revenue 1.2B USD (2020)
DESCRIPTION

Welbilt is a provider of top chefs, premier chain operators, and growing independents with industry-leading equipment and solutions. Welbilt was founded in 1902 and is based in New Port Richey, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-26 Crem International AB

Arvika, Sweden

Crem International AB is a manufacturer and distributor of professional coffee machines. Crem International AB was established in 1993 and is based in Arvika, Sweden.

Buy kr1.8B
Mergr

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