Textron - M&A Summary and Business Overview

DiversifiedCompany

Textron M&A Summary

Textron has acquired 49 companies, including 1 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 10 countries. The Company’s most targeted sectors include automotive (25%) and machinery (23%).

Textron Business Overview

Where is Textron headquartered?

Textron is headquartered in Providence, Rhode Island.

What is Textron’s revenue?

Textron disclosed revenue of 12,382M USD for 2021 and 11,651M USD for 2020.

How many employees does Textron have?

Textron has 33,000 employees.

What sector is Textron in?

Textron is a diversified company.

When was Textron founded?

Textron was founded in 1923.

M&A Summary

  • M&A Total Activity64
    • M&A Buy Activity48
    • M&A Sell Activity16
  • Total Sectors Invested 13
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 25
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 47 - - 1 - - 48
vol $4.8B $4.8B
Sell (0.2/yr) # 15 1 - - - - 16
vol $6.7B $40M $6.7B
  64

Most Recent M&A

Company Date Value Type
Pipistrel d.o.o. 2022-03-17 - Add-on Acquisition
Ajdovščina, Slovakia · www.pipistrel-aircraft.com
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
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 (23%) 1.0B (21%) 4 (25%) 838M (12%)
Automotive 12 (25%) 625M (13%) 2 (13%) -
Aerospace 7 (15%) 2.1B (43%) 1 (6%) 365M (5%)
Manufacturing 3 (6%) - 2 (13%) 630M (9%)
Test/Measurement Equipment 3 (6%) - 2 (13%) 970M (14%)
Defense 3 (6%) 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 48 $4.8B 16 $6.7B

By Geo

State/Country Buy Value Sell Value
United States 30 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 - -
  Texas 2 30M - -
  Maryland 1 1.1B - -
  Kentucky 1 - - -
  Wisconsin 1 477M - -
  Washington 1 - - -
  Virginia 1 - - -
  Oregon 1 26M - -
  Ohio 1 - - -
  North Carolina 1 - - -
  New Jersey 1 - - -
  Minnesota 1 247M - -
  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 - - -
Slovakia 1 - - -
Sweden 1 - - -
Switzerland 1 - - -
Domestic 30 (63%) 3.9B (81%) 14 (88%) 6.7B (100%)
Cross-border 18 (38%) 934M (19%) 2 (13%) -
Total 48 $4.8B 16 $6.7B

Top M&A Advisors

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

Deal Values

buy # Total
> $1B 2 $2.5B
$100M to $1B 6 $2.2B
< $100M 3 $126M
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)
8%
4 (8%)
Strategic(s)
17%
8 (17%)
Divested to
Investor(s)
25%
4 (25%)
Strategic(s)
69%
11 (69%)

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