M&A Deal Summary |
|
|---|---|
| Date | 2021-11-15 |
| Target | Cincinnati Fan |
| Sector | Manufacturing |
| Buyer(s) | SPX Technologies |
| Sellers(s) | Dominus Capital |
| Deal Type | Add-on Acquisition |
| Advisor(s) | William Blair (Financial) White & Case (Legal) |
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| Category | Company |
|---|---|
| Founded | 1912 |
| Sector | Machinery |
| Employees | 4,100 |
| Revenue | 1.7B USD (2023) |
SPX Technologies is a global supplier of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 24 |
| Sector (Manufacturing) | 5 of 7 |
| Type (Add-on Acquisition) | 14 of 18 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 11 of 13 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-19 |
Sealite
Somerville, Australia Sealite is a privately-held company that designs and manufactures aids to navigation equipment including for marine and aviation applications. Sealite is headquarters in Somerville, Australia and operations in the United States, Singapore, Colombia and the United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-11 |
ITL
La Vergne, Tennessee, United States ITL is a manufacturer of highly-engineered Aids-to-Navigation, or “AtoN” systems, including obstruction lighting for telecommunications towers, wind turbines, and numerous other structures. ITL was founded in 1998 and is based in La Vergne, Tennessee. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 410M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Dominus Capital is a private equity firm that targets middle market companies throughout North America. The Firm focuses on companies with defensible market positions, strong free cash flows and margins, untapped growth potential, and 'exceptional' management. Dominus seeks companies generating EBITDA of at least $10 million. Areas of interest include building products, business services, consumer products and services, distribution, food production and services, light manufacturing, restaurants, specialty chemicals and specialty retail. Dominus will consider a variety of transactions types, including buyouts and recapitalizations. Dominus Capital was formed in 2008 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 10 |
| Sector (Manufacturing) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 5 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 8 of 10 |
| Year (2021) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-03 |
Seaga
Freeport, Illinois, United States Seaga is a manufacturer of Food & Beverage, Industrial, and Water vending solutions. Seaga pairs its high-quality, customized solutions with a rapid prototyping and turnaround process to meet each customer's delivery demands. Seaga was founded in 1987 and is based in Freeport, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-06 |
Masterbuilt Manufacturing
Columbus, Georgia, United States Masterbuil Manufacturing is a designer and marketer of outdoor cooking appliances. Masterbuilt provides a full offering of branded smokers, fryers, grills, and other accessories in electric, propane, and charcoal varieties. Masterbuilt Manufacturing was founded in 1973 and is based in Columbus, Georgia. |
Sell | $385M |
