M&A Deal Summary

AFC-Holcroft Acquires Holcroft

On March 29, 2000, AFC-Holcroft acquired electrical equipment company Holcroft from Madison Industries

Acquisition Highlights
  • This is AFC-Holcroft’s 1st transaction in the Electrical Equipment sector.
  • This is AFC-Holcroft’s 1st transaction in the United States.
  • This is AFC-Holcroft’s 1st transaction in Michigan.

M&A Deal Summary

Date 2000-03-29
Target Holcroft
Sector Electrical Equipment
Buyer(s) AFC-Holcroft
Sellers(s) Madison Industries
Deal Type Add-on Acquisition

Target

Holcroft

Livonia, Michigan, United States
Holcroft, located in Livonia, Michigan, is a leading manufacturer of large, high performance heat treating furnaces serving original equipment manufacturers including Ford, General Motors, Chrysler, Delphi, Fiat, Renault, Timken, Rockwell, John Deere and Caterpillar.

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Buyer(S) 1

Buyer

AFC-Holcroft

Wixom, Michigan, United States

Category Company
Founded 1962
Sector Manufacturing
DESCRIPTION

AFC-Holcroft has one of the most diverse product lines in the heat treat equipment industry. We are fully equipped to design, manufacture, ship, install, and service all types of custom and standard heat treat systems.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2000 M&A 1 of 1

Seller(S) 1

SELLER

Madison Industries

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
Size Large
Type Sector Focused
DESCRIPTION

Madison Industries is a privately held investment holding firm that targets growth investments in and acquisitions of industrial manufacturing companies. Madison prefers businesses with a defensible market niche, established technology, and significant cash-flow growth potential. Madison will also consider turnaround situations. Target opportunities generally have sales between $50 million and $2 billion. Madison Industries is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 20
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 10
State: Michigan M&A 1 of 4
Country: United States M&A 3 of 19
Year: 2000 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-27 Cumberland Engineering

New Berlin, Wisconsin, United States

Cumberland is the leading U.S. supplier of granulators and pelletizers for the reclamation of waste materials, principally plastics, for primary manufacturers and the plastic processing industry, including appliance manufacturers, packaging producers, automotive parts producers and reprocessors of plastic material. Cumberland is located in South Attleboro, Massachusetts and Budrio, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-23 Holm Industries

Scottsburg, Indiana, United States

Holm Industries is a North American producer of extruded plastic sealing products for the appliance and construction industries. Through its OEM/Miller unit, Holm is the leading producer of flexible corrugated plastic tubing for the appliance and automotive industries. Headquartered in Scottsburg, Indiana, Holm has six locations across the United States as well as four plants in Mexico and one plant in India.

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