M&A Deal Summary

Textron Acquires OmniQuip International

On August 23, 1999, Textron, Inc. acquired machinery company OmniQuip International, Inc. for 477M USD

Acquisition Highlights
  • This is Textron’s 7th transaction in the Machinery sector.
  • This is Textron’s 4th largest (disclosed) transaction.
  • This is Textron’s 12th transaction in the United States.
  • This is Textron’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 1999-08-23
Target OmniQuip International, Inc.
Sector Machinery
Buyer(s) Textron, Inc.
Deal Type Add-on Acquisition
Deal Value 477M USD


OmniQuip International, Inc.

Port Washington, Wisconsin, United States
OmniQuip International, Inc. is a manufacturer of light construction equipment including telescopic material handlers, aerial work platforms and skid steer loaders. The company also manufactures aerial work platforms, skid steer loaders, power lifters and power haulers and markets a line of mini-excavators. OmniQuip's products are used in a wide variety of applications by commercial and residential building contractors, as well as by customers in other construction, military, industrial and agricultural markets.

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Buyer(S) 1


Textron, Inc.

Providence, Rhode Island, United States


Category Company
Founded 1923
Revenue 11.7B USD (2020)
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was formed in 1923 and is based in Providence, Rhode Island. Textron was founded in 1923 and is based in Providence, Rhode Island.

Overall 25 of 46
Sector (Machinery) 7 of 11
Type (Add-on Acquisition) 19 of 37
State (Wisconsin) 1 of 1
Country (United States) 12 of 29
Year (1999) 6 of 14
Size (of disclosed) 4 of 10
1999-07-01 ALSTOM Gears

United Kingdom

ALSTOM Gears manufactures and sells a range of gears and gearboxes, including high-speed epicyclic and parallel shaft gearboxes, for the industrial, rail and marine industries.

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1999-08-27 Aylesbury Automation Ltd.

Aylesbury, United Kingdom

Aylesbury Automation Ltd. manufactures self-piercing and cold-forged rivets, and automation systems for a variety of applications including automotive and electronics. With one facility in Aylesbury, U.K., Aylesbury Automation Limited's key product lines include self-piercing rivets sold under the brand name Fastriv, and automation systems. These automation systems include delivery systems for installing Fastriv rivets, vibratory parts feeders, rotary tables and elevators for use in various industrial processes, as well as standard automated rivet setting machines.

Buy -