M&A Deal Summary

Precision Cutting Technologies Acquires Bourn & Koch

On June 24, 2019, Precision Cutting Technologies acquired machinery company Bourn & Koch from Alleghany

Acquisition Highlights
  • This is Precision Cutting Technologies’ 3rd transaction in the Machinery sector.
  • This is Precision Cutting Technologies’ 3rd transaction in the United States.
  • This is Precision Cutting Technologies’ 1st transaction in Illinois.

M&A Deal Summary

Date 2019-06-24
Target Bourn & Koch
Sector Machinery
Buyer(s) Precision Cutting Technologies
Sellers(s) Alleghany
Deal Type Merger

Target

Bourn & Koch

Rockford, Illinois, United States
website
Bourn & Koch, Inc. is a manufacturer and remanufacturer/retrofitter of gear hobbing, gear shaping, gear grinding, vertical turning centers, vertical grinding centers, boring, rotary transfer, multispindle, inspection and specialty machine tools.

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Buyer(S) 1

Buyer

Precision Cutting Technologies

United States

website


Category Company
Founded 2019
Sector Machinery
DESCRIPTION

Precision Cutting Technologies is a holding company with three operating businesses: (i) Bourn & Koch, Inc., a provider of precision automated machine tool solutions with a portfolio of 28 well-known brands and a focus on gear and grinding machinery; (ii) Diamond Technology Innovations, Inc., a manufacturer of waterjet orifices and nozzles and a provider of related services; and (iii) Coastal Industrial Distributors, LLC (dba CID Performance Tooling), a provider of high-performance solid carbide end mills.


DEAL STATS #
Overall 3 of 4
Sector (Machinery) 3 of 4
Type (Merger) 3 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 4
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Diamond Technology Innovations

Olympia, Washington, United States

Diamond Technology Innovations, Inc. is a manufacturer of waterjet orifices and nozzles as well as related products. As an American orifice manufacturer, created solely to fill the needs of the waterjet industry, dti™ was the first and is the only company to specialize in waterjet orifice excellence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 Supermill

Berlin, Connecticut, United States

Supermill LLC is a manufacturer of Ultra performance and High-performance carbide end mills. Supermill LLC manufactures with state of the art equipment in a clean modern facility.

Buy -

Seller(S) 1

SELLER

Alleghany

New York, New York, United States

website


Category Company
Founded 1929
Sector Insurance
Employees10,407
Revenue 12.0B USD (2021)
DESCRIPTION

Alleghany owns and manages operating subsidiaries and investments, anchored by a core position in property and casualty reinsurance and insurance. Alleghany's property and casualty subsidiaries include: Transatlantic Holdings, Inc., a global reinsurer; RSUI Group, Inc., a national underwriter of property and liability specialty insurance coverages; and CapSpecialty, Inc., an underwriter of commercial property, casualty and surety insurance coverages. Alleghany's subsidiary Alleghany Capital Corporation engages in and oversees strategic investments and acquisitions. Alleghany Corporation was founded in 1929 and is based in New York City.


DEAL STATS #
Overall 4 of 4
Sector (Machinery) 1 of 1
Type (Merger) 1 of 1
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-13 Pacific Compensation Insurance

Thousand Oaks, California, United States

Pacific Compensation Insurance Co. is an underwriter of workers' compensation insurance. Pacific Compensation Insurance was founded in 2002 and is based in Thousand oaks, California.

Sell $150M