M&A Deal Summary

Akona Acquires Kason

On September 4, 2019, Akona acquired machinery company Kason from Baird Capital

Acquisition Highlights
  • This is Akona’s 2nd transaction in the Machinery sector.
  • This is Akona’s 2nd transaction in the United States.
  • This is Akona’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2019-09-04
Target Kason
Sector Machinery
Buyer(s) Akona
Sellers(s) Baird Capital
Deal Type Add-on Acquisition

Target

Kason

Millburn, New Jersey, United States
Kason Corp. is a manufacturer of screening and processing equipment for bulk solid materials and slurries including a complete line of vibratory, centrifugal, and static screening equipment for solids/solids and solids/liquids separations as well as a complete line of circular vibratory fluid bed dryers, coolers and moisturizers, and static sieves. Kason was founded in 1967 and is based in Millburn, New Jersey.

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Buyer(S) 1

Buyer

Akona

Monroe, North Carolina, United States

Category Company
Founded 2019
Sector Machinery
DESCRIPTION

Akona designs, manufactures, and services a broad suite of equipment and aftermarket parts and service for material processing (mixers, dryers, screeners, sifters, etc.) and material handling (conveyors, loaders, dischargers, controls, etc.) applications. The company serves customers in regulated end markets such as food and beverage, pet food, pharmaceutical, nutraceutical, and specialty chemicals, through its Cablevey, Kason, Marion, and Spiroflow trade brands. Advanced Material Processing was founded in 2019 and is based in Monroe, North Carolina.


DEAL STATS #
Overall 2 of 3
Sector: Machinery M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 Marion Process Solutions

Marion, Iowa, United States

Marion Process Solutions manufactures industrial mixers and blenders, as well as microwave vacuum drying systems, for customers in the food, nutraceutical, mineral, plastic, chemical, and biomass industries. Marion Process Solutions was founded in 1938 and is based in Marion, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-15 Automated Handling Solutions

Chicago, Illinois, United States

Automated Handling Solutions is a provider of automation solutions, as well as specialized material handling equipment such as enclosed conveyor systems. AHS’ products serve customers in regulated end markets such as food and beverage, pharmaceutical, nutraceutical, specialty chemical, and general industrial processing. Automated Handling Solutions is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 41 of 53
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 27 of 33
State: New Jersey M&A 2 of 2
Country: United States M&A 39 of 47
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 AEGIS Hedging

The Woodlands, Texas, United States

AEGIS Hedging enables companies to manage their commodity price and interest rate risk through software and advisory capabilities. AEGIS provides unique insight into commodity and rate markets, develops and executes cash flow protection strategies, and manages all hedge program activities through a SaaS-enabled E/CTRM and analytics platform. AEGIS Hedging was founded in 2013 and is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-15 Vega

Hong Kong, China

Vega is an end-to-end provider of audio visual and video collaboration solutions for organizations of all types throughout the Asia Pacific region. Vega's services enable global communications for the modern workplace, facilitating meaningful collaboration to enhance productivity for its enterprise clients. Vega was founded in 1986 and is based in Hong Kong, China.

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