M&A Deal Summary

Regal Beloit Acquires Milwaukee Gear

On February 3, 2012, Regal Beloit acquired machinery company Milwaukee Gear from Charter Oak Equity, High Road Capital Partners and Barings for 80M USD

Acquisition Highlights
  • This is Regal Beloit’s 2nd transaction in the Machinery sector.
  • This is Regal Beloit’s 3rd largest (disclosed) transaction.
  • This is Regal Beloit’s 6th transaction in the United States.
  • This is Regal Beloit’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2012-02-03
Target Milwaukee Gear
Sector Machinery
Buyer(s) Regal Beloit
Sellers(s) Charter Oak Equity
High Road Capital Partners
Barings
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

Milwaukee Gear

Milwaukee, Wisconsin, United States
website
Milwaukee Gear Company is a manufacturer of highly engineered gearing components for oil and gas applications as well as a wide variety of other commercial and industrial applications.

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Buyer(S) 1

Buyer

Regal Beloit

Beloit, Wisconsin, United States

website


Category Company
Founded 1955
Sector Electrical Equipment
Employees23,000
Revenue 2.9B USD (2020)
DESCRIPTION
Entrance to Regal Beloit's corporate headquarters in Beloit, Wisconsin.
Entrance to Regal Beloit's corporate headquarters in Beloit, Wisconsin.

Regal Beloit is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world. Regal Beloit was founded in 1955 and is based in Beloit, Wisconsin.


DEAL STATS #
Overall 11 of 16
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 7 of 9
State (Wisconsin) 2 of 3
Country (United States) 6 of 10
Year (2012) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-10 Australian Fan and Motor

Hallam, Australia

Australian Fan and Motor Co. manufactures  and  distributes a wide range of direct drive blowers, fan  decks, axial fans and sub fractional motors for sales in Australia and New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-08 RAM Industries

Leesport, Pennsylvania, United States

RAM is a specialized designer and manufacturer of high-horsepower, industrial electric motors and a vertically integrated assembler of motor control products. The Company serves the Industrial Refrigeration and the Commercial and Institutional Air Conditioning segments of the HVAC industry.

Buy -

Seller(S) 3

SELLER

Charter Oak Equity

Westport, Connecticut, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Charter Oak Equity LP is a private equity group focused on control investments in lower middle-market companies valued between $25 and $150 million. The Firm looks for businesses operating large markets with significant room for growth. Target sectors include Packaging, Medical Devices, and Engineering, Metal Processing, Value Added Distribution, Business Services, Chemicals, Niche Industrial, Pharmaceutical-Related, and Specialty Financial Services. Charter Oak generally targets family-owned companies or non-core divisions of larger companies. Charter Oak Private Equity was formed in 1992 and is based in Westport, Connecticut.


DEAL STATS #
Overall 18 of 27
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 3 of 8
State (Wisconsin) 1 of 1
Country (United States) 18 of 27
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-15 CytoPherx

Ann Arbor, Michigan, United States

CytoPherx, Inc. is a manufacturer of leukocyte-deactivating dialysis filters.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-10 The Crown Group

Warren, Michigan, United States

The Crown Group, Inc. is a provider of quality coating solutions to industrial end markets. Crown's range of coating technologies include electro-coating ("e-coating"), e-coating with powder coating topcoat and water-based wet painting. The Crown Group, Inc. was established in 1965 and is headquartered in Warren, Michigan.

Buy -
SELLER

High Road Capital Partners

Greenwich, Connecticut, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

High Road Capital Partners LLC is a private equity firm focused on acquiring smaller middle-market companies in partnership with management. High Road looks to invest in companies with revenues of $10 to $100 million with an EBITDA of $3 to $ 10 million. Broad areas of interest include manufacturing, service, and value-added distribution businesses. Target transaction situations include buyouts and recapitalization. High Road will consider both control and non-control investments. High Road Capital Partners was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 1 of 12
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 1 of 8
State (Wisconsin) 1 of 2
Country (United States) 1 of 11
Year (2012) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-15 Handi Quilter

North Salt Lake, Utah, United States

Handi Quilter develops and manufactures branded and OEM quilting machines, frames, tables, computerized quilting systems, and quilting accessories. The company's products are primarily used in the home by dedicated quilting enthusiasts as well as by quilters with home-based businesses. Handi Quilter was founded in 1998 and is based in North Salt Lake, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-15 Bluespire

Edina, Minnesota, United States

Bluespire, Inc. is a provider of strategic marketing services for healthcare and financial services clients with a focus on multi-channel marketing solutions with a strong emphasis on end-user content and digital media. Bluespire is based in Edina, Minnesota.

Buy -
SELLER

Barings

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1955
PE ASSETS 288.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Babson Capital is an investment management and advisory firm based in Boston, Massachusetts. In addition to its other investment vehicles, Babson invests in mezzanine, distressed, and private equity transactions. Babson targets potential transactions valued between $50 and $300 million. The Firm commits between $10 and $40 million for mezzanine capital needs and between $3 and $15 million for private equity investments. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Babson will consider opportunities in the US, Europe, and Asia.


DEAL STATS #
Overall 3 of 34
Sector (Machinery) 1 of 3
Type (Add-on Acquisition) 3 of 22
State (Wisconsin) 1 of 2
Country (United States) 3 of 30
Year (2012) 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-22 Doss Aviation

Colorado Springs, Colorado, United States

Department of Defense (DOD) is a provider of flight training, aircraft maintenance and modification, maintenance training, fuels management, transient aircraft support services, air traffic control, and other airfield management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Citadel Plastics Holdings

West Chicago, Illinois, United States

Citadel Plastics Holdings, Inc. is a composite plastics company that produces thermoset and thermoplastic compounds for specialty product applications in the automotive, electrical, construction, HVAC, and appliance markets.

Buy -