Standex - M&A Summary and Business Overview

ManufacturingCompany

Standex M&A Summary

Standex has acquired 24 companies, including 5 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 8 assets.

Standex’s largest acquisition to date was in 2007, when it acquired Associated American Industries for $84M. It’s largest disclosed sale occurred in 2023, when it sold Procon Pumps to Investindustrial for $75M. Standex has acquired in 11 different US states, and 7 countries. The Company’s most targeted sectors include machinery (34%) and electrical equipment (25%).

Standex Business Overview

Where is Standex headquartered?

Standex is headquartered in Salem, New Hampshire.

What is Standex’s revenue?

Standex disclosed revenue of 605M USD for 2020 and 792M USD for 2019.

How many employees does Standex have?

Standex has 3,800 employees.

What sector is Standex in?

Standex is a manufacturing company.

When was Standex founded?

Standex was founded in 1955.

M&A Summary

  • M&A Total Activity32
    • M&A Buy Activity24
    • M&A Sell Activity8
  • Total Sectors Invested 8
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 10
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 20 1 - 1 2 - 24
vol $209M $28M $10M $30M $276M
Sell (0.4/yr) # 6 1 - - 1 - 8
vol $11M $75M $86M
  32

Most Recent M&A

Company Date Value Type
Sanyu Switch Co., Ltd. 2023-11-01 - Add-on Acquisition
Singapore, Singapore · www.sanyu.co.jp
Minntronix, Inc. 2023-07-31 30M USD Add-on Acquisition
Watertown, South Dakota · www.minntronix.com
Procon Pumps 2023-02-02 75M USD Divestiture
Smyrna, Tennessee · www.proconpumps.com
Sensor Solutions Corp. 2022-03-01 10M USD Add-on Acquisition
Steamboat Springs, Colorado · www.sensorso.com
Renco Electronics, Inc. 2020-07-16 28M USD Add-on Acquisition
Rockledge, Florida · www.rencousa.com
Standex International - 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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 8 (33%) 168M (61%) 2 (25%) 75M (87%)
Manufacturing 4 (17%) 30M (11%) 5 (63%) 11M (13%)
Electrical Equipment 6 (25%) 78M (28%) - -
Electronics 2 (8%) - - -
Aerospace 1 (4%) - - -
Engineering 1 (4%) - - -
Metals/Mining 1 (4%) - - -
Technology Hardware 1 (4%) - - -
Food - - 1 (13%) -
Total 24 $276M 8 $86M

By Geo

State/Country Buy Value Sell Value
United States 18 276M 7 86M
  Ohio 4 - - -
  Wisconsin 3 - - -
  New Hampshire 1 39M 2 -
  Texas 2 84M - -
  New York 2 2M - -
  Virginia 1 - 1 -
  Tennessee 1 84M 1 75M
  South Dakota 1 30M - -
  Michigan 1 - - -
  Florida 1 28M - -
  Colorado 1 10M - -
  Mississippi - - 1 11M
  Georgia - - 1 -
Italy 1 - 1 -
Brazil 1 - - -
India 1 - - -
Japan 1 - - -
Singapore 1 - - -
United Kingdom 1 - - -
Domestic 18 (75%) 276M (100%) 7 (88%) 86M (100%)
Cross-border 6 (25%) - 1 (13%) -
Total 24 $276M 8 $86M

Top M&A Advisors

Financial Deals
EC M&A
1

Deal Values

buy # Total
< $100M 7 $276M
TOTAL $276M
Largest Associated American Industries, Inc.
$84M (2007-01-10)
sell # Total
< $100M 2 $86M
TOTAL $86M
Largest Procon Pumps
$75M (2023-02-02)

M&A Connections

Deals
Acquired from
Investor(s)
8%
2 (8%)
Strategic(s)
4%
1 (4%)
Divested to
Investor(s)
50%
4 (50%)
Strategic(s)
38%
3 (38%)

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