M&A Deal Summary

Alamo Group Acquires Textron - Dixie Chopper Business

On August 5, 2019, Alamo Group acquired manufacturer Textron - Dixie Chopper Business from Textron

Acquisition Highlights
  • This is Alamo Group’s 2nd transaction in the Manufacturing sector.
  • This is Alamo Group’s 7th transaction in the United States.
  • This is Alamo Group’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2019-08-05
Target Textron - Dixie Chopper Business
Sector Manufacturing
Buyer(s) Alamo Group
Sellers(s) Textron
Deal Type Divestiture

Target

Textron - Dixie Chopper Business

Providence, Rhode Island, United States
Textron, Inc. - Dixie Chopper Business manufactures a wide range of commercial and high-end residential mowing equipment. The business, which is currently based in Greencastle, Indiana, has been serving this market for nearly 40 years.

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Buyer(S) 1

Buyer

Alamo Group

Seguin, Texas, United States
Category Company
Founded 1955
Sector Machinery
Employees4,350
Revenue 1.7B USD (2023)
DESCRIPTION
Entrance to Alamo Group's corporate headquarters in Seguin, Texas.
Entrance to Alamo Group's corporate headquarters in Seguin, Texas.

Alamo Group engages in the design, manufacture, distribution and service of equipment for right-of-way maintenance and agriculture needs. Alamo Group was incorporated in 1955 and is based in Sequin, Texas.

DEAL STATS #
Overall 12 of 15
Sector (Manufacturing) 2 of 2
Type (Divestiture) 3 of 3
State (Rhode Island) 1 of 1
Country (United States) 7 of 9
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 Dutch Power

Giessen, Netherlands

Dutch Power Co. is a designer, manufacturer and sells a variety of landscape and vegetation management machines and attachments under several different brand names including Herder, Conver, Roberine, Votex and Precision Makers. Dutch Power Co. was founded in 2011 and is based in Giessen, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 Morbark

Winn, Michigan, United States

Morbark LLC is a manufacturer of equipment and aftermarket parts for forestry, tree maintenance, biomass, land management, and recycling markets. Morbark offers a full line of flails, disc and drum tree chippers, brush chippers, horizontal and tub grinders, stump grinders and more. Morbark equipment helps customers harvest, process and convert organic materials into valuable, usable and environmentally sound products. Morbark LLC was founded in 1957 and is based in Winn, Michigan.

Buy $352M

Seller(S) 1

SELLER

Textron

Providence, Rhode Island, United States
Category Company
Founded 1923
Sector Diversified
Employees35,000
Revenue 13.7B USD (2023)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was founded in 1923 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 15 of 16
Sector (Manufacturing) 2 of 2
Type (Divestiture) 14 of 15
State (Rhode Island) 4 of 4
Country (United States) 13 of 14
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 Textron - Tools and Test Equipment

Providence, Rhode Island, United States

Textron, Inc. - Tools and Test Equipment is a manufacturer of electrical and utility tools, diagnostics, and test and measurement instruments with strong global distribution and highly respected brands, including Greenlee and Klauke.

Sell $810M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 TRU Simulation + Training

Lutz, Florida, United States

TRU Simulation + Training, Inc. delivers innovative training solutions, from full flight simulators to necessary training coursewares, to the commercial and military markets - all while providing superior technical support and customer service.

Sell $40M
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