Textron Mergers and Acquisitions Summary

DiversifiedCompany

Textron has acquired 47 companies, including 2 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 16 assets.

Textron’s largest acquisition to date was in 2013, when it acquired Beechcraft for $1.4B. It’s largest disclosed sale occurred in 1999, when it sold Avco Financial Services to Associates First Capital for $3.9B. Textron has acquired in 17 different US states, and 9 countries. The Company’s most targeted sectors include automotive (27%) and machinery (24%).

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

M&A Summary

  • M&A Total Activity62
    • M&A Buy Activity46
    • M&A Sell Activity16
  • Total Sectors Invested 13
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 26
  • M&A Advisors 3

Textron

Textron, Inc.

40 Westminster Street,
Providence, Rhode Island 02903
United States,
(401) 421-2800
www.textron.com

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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 45 1 - - - - 46
vol $4.5B $247M $4.8B
Sell (0.6/yr) # 13 - 1 1 1 - 16
vol $5.9B $810M $40M $6.7B
  62

Most Recent M&A

Company Date Value Type
TRU Simulation + Training, Inc. 2020-11-24 40M USD Divestiture
Lutz, Florida · www.trusimulation.com
Textron, Inc. - Dixie Chopper Business 2019-08-05 - Divestiture
Providence, Rhode Island
Textron, Inc. - Tools and Test Equipment 2018-04-18 810M USD Divestiture
Providence, Rhode Island
Arctic Cat, Inc. 2017-01-25 247M USD Add-on Acquisition
Plymouth, Minnesota · www.arctic-cat.com
Airborne Tactical Advantage Co. 2016-05-03 - Add-on Acquisition
Newport News, Virginia · www.atacusa.com
ProFlight LLC 2014-07-02 - Add-on Acquisition
Carlsbad, California · www.proflight.aero
Beechcraft Corporation 2013-12-26 1.4B USD Special Situations/Distressed
Wichita, Kansas · www.hawkerbeechcraft.com
Mechtronix Systems, Inc. 2013-11-22 - Add-on Acquisition
St. Laurent, Quebec · www.mechtronix.com
OPINICUS Corp. 2013-11-22 - Add-on Acquisition
Lutz, Florida · www.opinicus.com
HR Textron 2009-02-27 365M USD Divestiture
, United States
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Textron Ground Support Equipment UK Ltd.    - Douglas Equipment Ltd. 2015-01-13 1
London, United Kingdom Cheltenham, United Kingdom · www.douglas.cwfc.com
E-Z-GO    - TUG Technologies Corp. 2014-05-02 1
Augusta, Georgia · www.ezgo.com Kennesaw, Georgia · www.tugtech.com
Greenlee Textron Inc. 1986-01-01 Sherman & Reilly, Inc. 2013-05-01 4
Rockford, Illinois · www.greenlee.com Chattanooga, Tennessee · www.sherman-reilly.com
Textron Systems    - Overwatch Systems, Ltd. 2006-10-25 2
Providence, Rhode Island · www.textronsystems.com Austin, Texas · www.overwatch.com
Textron Financial Corp.    - Textron Financial - The Media Finance Division 2002-12-27 1
Providence, Rhode Island · www.textronfinancial.com , United States
OmniQuip International, Inc. 1999-08-23 OmniQuip - Skid Steer Product Line 2001-12-19 1
Port Washington, Wisconsin · www.omniquip.com Port Washington, Wisconsin
Textron Automotive Co.,Inc.    - Textron electric motor 2001-07-02 1
Troy, Michigan Manchester, New Hampshire
Textron Financial Corp.    - STI Credit Corp. (SunTrust Credit) 2001-06-05 5
Providence, Rhode Island · www.textronfinancial.com Atlanta, Georgia
Textron Financial Corp.    - Green Tree Financial Servicing Corp. - Franchise & Aircraft Business 1999-08-30 4
Providence, Rhode Island · www.textronfinancial.com , United States
Textron Financial Corp.    - NationsCredit Commercial Corp. - Business Leasing Group 1999-01-14 3
Providence, Rhode Island · www.textronfinancial.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 11 (24%) 1.0B (22%) 4 (25%) 838M (12%)
Automotive 12 (26%) 625M (13%) 2 (13%) -
Aerospace 5 (11%) 2.0B (42%) 1 (6%) 365M (5%)
Manufacturing 3 (7%) - 2 (13%) 630M (9%)
Test/Measurement Equipment 3 (7%) - 2 (13%) 970M (14%)
Defense 3 (7%) 1.1B (23%) 1 (6%) 40M (1%)
Energy Services and Equipment 2 (4%) - - -
Plastics 2 (4%) - - -
Distribution 1 (2%) - 1 (6%) -
Business Services 1 (2%) - - -
Engineering 1 (2%) - - -
Software 1 (2%) - - -
Technology Hardware 1 (2%) - - -
Apparel/Textiles - - 1 (6%) -
Chemicals - - 1 (6%) -
Financial Services - - 1 (6%) 3.9B (58%)
Total 46 $4.8B 16 $6.7B

By Geo

State/Country Buy Value Sell Value
United States 29 3.9B 14 6.7B
  Michigan 5 - 3 790M
  California 4 - - -
  Rhode Island - - 4 5.4B
  Illinois 3 - - -
  Iowa 2 - 1 -
  Florida 2 - 1 40M
  Kansas 2 2.0B - -
  Oregon 1 26M - -
  Ohio 1 - - -
  North Carolina 1 - - -
  New Jersey 1 - - -
  Minnesota 1 247M - -
  Maryland 1 1.1B - -
  Kentucky 1 - - -
  Wisconsin 1 477M - -
  Washington 1 - - -
  Virginia 1 - - -
  Texas 1 - - -
  Massachusetts - - 1 -
  Connecticut - - 1 193M
United Kingdom 7 556M 1 -
Germany 4 308M - -
France 1 - 1 -
Brazil 1 70M - -
Canada 1 - - -
  Quebec 1 - - -
Italy 1 - - -
Sweden 1 - - -
Switzerland 1 - - -
Domestic 29 (63%) 3.9B (80%) 14 (88%) 6.7B (100%)
Cross-border 17 (37%) 934M (20%) 2 (13%) -
Total 46 $4.8B 16 $6.7B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
1
Rothschild Global Advisory
1
Legal Deals
Shearman & Sterling LLP
1

Deal Values

buy # Total
> $1B 2 $2.5B
$100M to $1B 6 $2.2B
< $100M 2 $96M
TOTAL $4.8B
Largest Beechcraft Corporation
$1.4B (2013-12-26)
sell # Total
> $1B 1 $3.9B
$100M to $1B 6 $2.8B
< $100M 1 $40M
TOTAL $6.7B
Largest Avco Financial Services, Inc.
$3.9B (1999-01-04)

M&A Connections

Deals
Acquired from
Investor(s)
9%
4 (9%)
Strategic(s)
17%
8 (17%)
Divested to
Investor(s)
25%
4 (25%)
Strategic(s)
69%
11 (69%)

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