M&A Deal Summary

Altus Capital Partners Acquires Nichols Portland

On March 10, 2016, private equity firm Altus Capital Partners acquired manufacturer Nichols Portland from Parker Hannifin

Acquisition Highlights
  • This is Altus Capital Partners’ 4th transaction in the Manufacturing sector.
  • This is Altus Capital Partners’ 15th transaction in the United States.
  • This is Altus Capital Partners’ 1st transaction in Maine.

M&A Deal Summary

Date 2016-03-10
Target Nichols Portland
Sector Manufacturing
Buyer(s) Altus Capital Partners
Sellers(s) Parker Hannifin
Deal Type Divestiture

Target

Nichols Portland

Portland, Maine, United States
Nichols Portland is a designer and manufacturer of precision powder metal fixed and variable displacement gears including gerotor gears and smart pumps for automotive and on-off highway and other industrial markets. Nichols Portland was founded in 1904 and is based in Portland, Maine.

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Buyer(S) 1

Buyer

Altus Capital Partners

Wilton, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 280M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Altus Capital Partners is a private equity firm focused on acquiring and investing in medium sized North American-based manufacturing companies. Altus looks for businesses with EBITDA of at least $4 million and valued between $25 and $100 million. Typical transaction types include buyouts, recapitalizations, and divestitures. Alta Capital Partners was formed in 2003 and is based in Wilton, Connecticut.


DEAL STATS #
Overall 15 of 21
Sector (Manufacturing) 4 of 4
Type (Divestiture) 2 of 2
State (Maine) 1 of 1
Country (United States) 15 of 21
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-11 GED

Glenwillow, Ohio, United States

GED designs, engineers, and manufactures automation solutions for the North American window and door industry. The Company’s solution offerings include equipment manufacturing, production software, and aftermarket parts and services. GED is based in Glenwillow, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Models & Tools

Shelby Township, Michigan, United States

Models & Tools, Inc. designs and manufactures assembly tooling systems for the aerospace and defense tooling industry. The Company’s products are integral to commercial and military aircraft applications and include assembly fixtures, N/C machined bond and cure tools, workstands, drill & trim tools, molds and facilities equipment integrated with light automation. Models & Tools was founded in 1974 and is based in Shelby Township, Michigan.

Sell -

Seller(S) 1

SELLER

Parker Hannifin

Cleveland, Ohio, United States

Category Company
Founded 1917
Sector Machinery
Employees50,520
Revenue 19.9B USD (2024)
DESCRIPTION
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.

Parker-Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. Parker Hannifin was formed in 1917 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 5 of 12
Sector (Manufacturing) 3 of 4
Type (Divestiture) 5 of 12
State (Maine) 1 of 1
Country (United States) 4 of 11
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 President Engineering Group

South Yorkshire, United Kingdom

President Engineering Group Ltd. is a manufacturer of niche branded engineering products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 Parker Hannifin - Autoline Business

Cleveland, Ohio, United States

Parker Hannifin Corp. - Autoline Business is a designer, manufacturer and marketer of quick connectors for all types of automotive fluid line applications.

Sell -