M&A Deal Summary

Ditch Witch Acquires American Augers

On November 1, 2012, Ditch Witch acquired machinery company American Augers from Astec Industries for 55M USD

Acquisition Highlights
  • This is Ditch Witch’s 1st transaction in the Machinery sector.
  • This is Ditch Witch’s largest (disclosed) transaction.
  • This is Ditch Witch’s 1st transaction in the United States.
  • This is Ditch Witch’s 1st transaction in Ohio.

M&A Deal Summary
Date 2012-11-01
Target American Augers
Sector Machinery
Buyer(s) Ditch Witch
Sellers(s) Astec Industries
Deal Type Divestiture
Deal Value 55M USD

Target

American Augers

West Salem, Ohio, United States
website
American Augers, Inc. is a manufacturer of state-of-the-art auger boring machines, directional drills and fluid/mud systems used in the "underground construction" or "trenchless" market.

Search 192,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Ditch Witch

Perry, Oklahoma, United States

website

Category Company
Founded 1902
Sector Machinery
Revenue 725M USD (2018)
DESCRIPTION

The Charles Machine Works, Inc. is a manufacturer of small-to-medium horizontal directional drilling rigs (from 5,000 to 100,000 pounds of pullback force), walk-behind and rubber-tire trenchers and plows, underground electronics, vacuum excavators and compact utility equipment. The Charles Machine Works, Inc. was founded in 1902 and is based in Perry, Oklahoma.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Astec Industries

Chattanooga, Tennessee, United States

website

Category Company
Founded 1972
Sector Machinery
Employees4,291
Revenue 1.3B USD (2022)
DESCRIPTION

Astec Industries is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; and wood processing. Astec Industries was founded in 1972 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 2 of 2
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2012) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-10 Astec Underground

Loudon, Tennessee, United States

Astec Underground, Inc. is a provider of vibratory plows, trenchers and horizontal directional drills for the underground utilities market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Telestack

Omagh, Ireland

Telestack Ltd., specializes in the complete in-house design, manufacture, installation and commissioning of a complete line of material handling systems used extensively in the port, aggregate and mining industries.

Buy $36M
Mergr

Product

Company

Legal