M&A Deal Summary

Regal Rexnord Acquires Fasco Asia Pacific Pty

On September 4, 2007, Regal Rexnord acquired electrical equipment company Fasco Asia Pacific Pty from Tecumseh Products for 220M USD

Acquisition Highlights
  • This is Regal Rexnord’s 2nd transaction in the Electrical Equipment sector.
  • This is Regal Rexnord’s largest (disclosed) transaction.
  • This is Regal Rexnord’s 1st transaction in Australia.

M&A Deal Summary
Date 2007-09-04
Target Fasco Asia Pacific Pty
Sector Electrical Equipment
Buyer(s) Regal Rexnord
Sellers(s) Tecumseh Products
Deal Type Divestiture
Deal Value 220M USD

Target

Fasco Asia Pacific Pty

Braeside, Australia
website
Fasco Asia Pacific Pty Ltd.manufacture and market motors and blower systems for a variety of air moving applications including alternative fuels systems, water heaters, heating, ventilating and air conditioning (HVAC) systems and other commercial segments.

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Buyer(S) 1

Buyer

Regal Rexnord

Beloit, Wisconsin, United States

website

Category Company
Founded 1955
Sector Electrical Equipment
Employees23,000
Revenue 5.2B USD (2022)
DESCRIPTION
Entrance to Regal Beloit's corporate headquarters in Beloit, Wisconsin.
Entrance to Regal Beloit's corporate headquarters in Beloit, Wisconsin.

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

DEAL STATS #
Overall 3 of 16
Sector (Electrical Equipment) 2 of 11
Type (Divestiture) 3 of 6
Country (Australia) 1 of 3
Year (2007) 2 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Jakel

Aurora, Missouri, United States

Jakel, Inc.designs and manufactures sub-fractional horsepower, AC motors. The company also provides product testing services, such as airflow testing, computerized motor, gas furnace lab, life, pump, and temperature testing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-12 Morrill Motors

Erwin,, Tennessee, United States

Morrill Motors, Inc. is a designer and manufacturer of fractional horsepower motors and components for the commercial refrigeration and freezer markets.

Buy -

Seller(S) 1

SELLER

Tecumseh Products

Ann Arbor, Michigan, United States

website

Category Company
Founded 1937
Sector Manufacturing
DESCRIPTION

Tecumseh Products Co. is a global manufacturer of hermetically sealed compressors for residential and specialty air conditioning, household refrigerators and freezers and commercial refrigeration applications.

DEAL STATS #
Overall 2 of 4
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 4
Country (Australia) 1 of 1
Year (2007) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-20 Little Giant Pump

Oklahoma City,, Oklahoma, United States

Little Giant pumps are used in a broad range of commercial and consumer applications including: plumbing / wastewater, heating, ventilating and cooling ("HVAC"), water gardening, swimming pool and aquarium maintenance, decorative fountains and industrial and OEM water transfer applications.

Sell $121M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-23 Tecumseh Power Company

Grafton, Wisconsin, United States

Tecumseh Power Company is a global manufacturer of engines and transmissions for snow throwers, generators, other lawn and garden, industrial and agricultural applications.

Sell $51M
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