M&A Deal Summary

3M Acquires Arizant

On September 9, 2010, 3M acquired medical products company Arizant from Court Square Capital Partners for 810M USD

Acquisition Highlights
  • This is 3M’s 12th transaction in the Medical Products sector.
  • This is 3M’s 9th largest (disclosed) transaction.
  • This is 3M’s 35th transaction in the United States.
  • This is 3M’s 3rd transaction in Minnesota.

M&A Deal Summary

Date 2010-09-09
Target Arizant
Sector Medical Products
Buyer(s) 3M
Sellers(s) Court Square Capital Partners
Deal Type Add-on Acquisition
Deal Value 810M USD
Advisor(s) Piper Sandler & Co. (Financial)

Target

Arizant

Eden Praire, Minnesota, United States
Arizant is a developer, manufacturer, and distributor of temperature management products that prevent hypothermia associated with anesthesia during surgical procedures. Arizant was formed in 1987 and is based in Eden Praire, Minnesota.

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Buyer(S) 1

Buyer

3M

St. Paul, Minnesota, United States

Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 32.7B USD (2023)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company. The Company produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.


DEAL STATS #
Overall 61 of 81
Sector (Medical Products) 12 of 14
Type (Add-on Acquisition) 55 of 70
State (Minnesota) 3 of 4
Country (United States) 35 of 51
Year (2010) 7 of 9
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-31 Attenti

Tel Aviv, Israel

Attenti is a global provider of electronic monitoring technologies, serving hundreds of national, federal, state, and local correctional and law enforcement agencies around the world. The business offers a differentiated full range of Global Positioning Systems (GPS), Radio Frequency (RF), alcohol verification monitoring, and tracking solutions, supported by an integrated software monitoring platform. Over the past 20 years, Attenti has developed a reputation for providing reliable, innovative, and scalable electronic people-monitoring solutions to correctional and law enforcement agencies in 34 countries. Attenti was formed in 2017 and is based in Tel Aviv, Israel.

Buy $230M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-30 Ross Reels

Montrose, Colorado, United States

Ross Reels is a Colorado-based manufacturer of fly fishing equipment and accessories.

Buy -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 24 of 56
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 15 of 25
State (Minnesota) 3 of 3
Country (United States) 21 of 53
Year (2010) 1 of 1
Size (of disclosed) 14 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-26 Fibertech Networks

Rochester, New York, United States

Fibertech Networks LLC is a provider of fiber-optic-based network services.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-29 MsPark

Helena, Alabama, United States

MsPark is a provider of shared mail marketing programs in the rural and suburban U.S. MailSouth delivers monthly shared mail advertising packages to approximately 17 million households in over two hundred predominantly southern and mid-western rural and suburban markets. MsPark was established in 1988 and is based in Helena, Alabama.

Buy -