M&A Deal Summary

AAON Acquires WattMaster Controls

On February 28, 2018, AAON acquired technology hardware company WattMaster Controls

Acquisition Highlights
  • This is AAON’s 1st transaction in the Technology Hardware sector.
  • This is AAON’s 1st transaction in the United States.
  • This is AAON’s 1st transaction in Missouri.

M&A Deal Summary
Date 2018-02-28
Target WattMaster Controls
Sector Technology Hardware
Buyer(s) AAON
Deal Type Add-on Acquisition

Target

WattMaster Controls

Parkville, Missouri, United States
WattMaster Controls, Inc. is a manufacturer of building automation controls and systems that develops HVAC, lighting and fire detection products. WattMaster Controls, Inc. was established in 1977 and is based in Parkville, Missouri.

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Buyer(S) 1

Buyer

AAON

Tulsa, Oklahoma, United States
Category Company
Founded 1987
Sector Machinery
Employees3,856
Revenue 1.2B USD (2023)
DESCRIPTION
AAON's corporate headquarters in Tulsa, Oklahoma.
AAON's corporate headquarters in Tulsa, Oklahoma.

AAON is a manufacturer of air conditioning and heating equipment consisting of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils. AAON was founded in 1987 and is headquartered in Tulsa, Oklahoma.

DEAL STATS #
Overall 2 of 3
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Missouri) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-05 Air Wise

Mississauga, Ontario, Canada

Air Wise, Inc. is engaged in the engineering, manufacturing and sale of custom air-handling units, makeup air units and packaged rooftop units for commercial and industrial buildings. Air Wise is based in Mississauga, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 BasX Solutions

Redmond, Oregon, United States

BasX Solutions is a manufacturer of custom-engineered products including modular systems, HVAC solutions, premanufactured structural systems, and OEM products. BasX Solutions was founded in 2012 and is based in Redmond, Oregon.

Buy $100M
Mergr

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