Standex Mergers and Acquisitions Summary

ManufacturingCompany

Standex has acquired 21 companies, including 6 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 6 assets.

Standex’s largest acquisition to date was in 2007, when it acquired American Foodservice for $84M. It’s largest disclosed sale occurred in 2020, when it sold Standex International - Refrigerated Solutions Group to Ten Oaks Group for $11M. Standex has acquired in 9 different US states, and 6 countries. The Company’s most targeted sectors include machinery (39%) and electrical equipment (24%).

Join Mergr and gain access to Standex’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the manufacturing sector.

M&A Summary

  • M&A Total Activity27
    • M&A Buy Activity21
    • M&A Sell Activity6
  • Total Sectors Invested 8
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 8
  • M&A Advisors 1

Standex

Standex International Corp.

23 Keewaydin Drive Suite 300,
Salem, New Hampshire 03079
United States,
(603) 893-9701
www.standex.com

Standex is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group,Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. Standex was founded in 1955 and is based in Salem, New Hampshire.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.0/yr) # 16 1 2 1 1 - 21
vol $170M $39M $28M $237M
Sell (0.6/yr) # 3 - - 2 1 - 6
vol $11M $11M
  27

Most Recent M&A

Company Date Value Type
Renco Electronics, Inc. 2020-07-16 28M USD Add-on Acquisition
Rockledge, Florida · www.rencousa.com
Standex International Corp. - Refrigerated Solutions Group 2020-03-13 11M USD Divestiture
New Albany, Mississippi
Genius Solutions Engineering Co. 2019-04-29 - Add-on Acquisition
Maumee, Ohio · www.gsengineering.net
Standex International Corp. - Cooking Solutions Group 2019-02-27 - Divestiture
Salem, New Hampshire
Giorik S.p.A. 2019-01-16 - Sold to Existing Investors
Sedico, Italy · www.giorik.com
Agile Magnetics, Inc. 2018-10-01 39M USD Add-on Acquisition
Concord, New Hampshire · www.agilemagco.com
Tenibac-Graphion, Inc. 2018-08-23 - Add-on Acquisition
Clinton Township, Michigan · www.tenibac.com
OKI Sensor Device Corp. 2017-02-02 - Divestiture
Tokyo, Japan · www.osdc.co.jp
Horizon Scientific, Inc. 2016-10-17 - Add-on Acquisition
Bristol, Wisconsin · www.northlake-eng.com
Northlake Engineering, Inc. 2015-10-01 - Add-on Acquisition
Bristol, Wisconsin · www.northlake-eng.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 8 (38%) 168M (71%) 1 (17%) -
Manufacturing 2 (10%) - 4 (67%) 11M (100%)
Electrical Equipment 5 (24%) 69M (29%) - -
Electronics 2 (10%) - - -
Aerospace 1 (5%) - - -
Engineering 1 (5%) - - -
Metals/Mining 1 (5%) - - -
Technology Hardware 1 (5%) - - -
Food - - 1 (17%) -
Total 21 $237M 6 $11M

By Geo

State/Country Buy Value Sell Value
United States 16 237M 5 11M
  Ohio 4 - - -
  Wisconsin 3 - - -
  New Hampshire 1 39M 2 -
  Texas 2 84M - -
  New York 2 2M - -
  Virginia 1 - - -
  Tennessee 1 84M - -
  Michigan 1 - - -
  Florida 1 28M - -
  Mississippi - - 1 11M
  Georgia - - 1 -
Italy 1 - 1 -
Brazil 1 - - -
India 1 - - -
Japan 1 - - -
United Kingdom 1 - - -
Domestic 16 (76%) 237M (100%) 5 (83%) 11M (100%)
Cross-border 5 (24%) - 1 (17%) -
Total 21 $237M 6 $11M

Top M&A Advisors

Financial Deals
EuroConsult Capital, Inc. (EC Mergers & Acquisitions)
1

Deal Values

buy # Total
< $100M 5 $237M
TOTAL $237M
Largest American Foodservice Co.
$84M (2007-01-10)
sell # Total
< $100M 1 $11M
TOTAL $11M
Largest Standex International Corp. - Refrigerated Solutions Group
$11M (2020-03-13)

M&A Connections

Deals
Acquired from
Investor(s)
10%
2 (10%)
Strategic(s)
5%
1 (5%)
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
50%
3 (50%)

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