M&A Deal Summary

AMETEK Acquires Atlas Material Testing Technology

On November 9, 2010, AMETEK acquired test/measurement equipment company Atlas Material Testing Technology from Industrial Growth Partners for 159M USD

Acquisition Highlights
  • This is AMETEK’s 3rd transaction in the Test/Measurement Equipment sector.
  • This is AMETEK’s 18th largest (disclosed) transaction.
  • This is AMETEK’s 24th transaction in the United States.
  • This is AMETEK’s 1st transaction in Illinois.

M&A Deal Summary

Date 2010-11-09
Target Atlas Material Testing Technology
Sector Test/Measurement Equipment
Buyer(s) AMETEK
Sellers(s) Industrial Growth Partners
Deal Type Add-on Acquisition
Deal Value 159M USD
Advisor(s) Lincoln International (Financial)

Target

Atlas Material Testing Technology

Mount Prospect, Illinois, United States
Atlas Material Testing Technology engages in weathering test equipment and services for the plastics & polymers, paints & coatings, commercial labs, automotive, textiles, building materials, pigments & stabilizers, cosmetics, and pharmaceutical industries, as well as a wide variety of other industries.

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Buyer(S) 1

Buyer

AMETEK

Berwyn, Pennsylvania, United States

Category Company
Founded 1930
Sector Test/Measurement Equipment
Employees21,500
Revenue 6.6B USD (2023)
DESCRIPTION
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.

AMETEK is a global manufacturer of electronic instruments and electromechanical devices. AMETEK was founded in 1930 and is based in Berwyn, Pennsylvania.


DEAL STATS #
Overall 27 of 72
Sector (Test/Measurement Equipment) 3 of 13
Type (Add-on Acquisition) 22 of 65
State (Illinois) 1 of 6
Country (United States) 24 of 59
Year (2010) 5 of 5
Size (of disclosed) 18 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-19 American Reliance

El Monte, California, United States

American Reliance, Inc. is a designer and manufacturer rugged mobile computing solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-28 Avicenna Technology

Montevideo, Minnesota, United States

Avicenna™ bridges the technology-solution gap between your new big idea and your next big product. We specialize in using both Laser Energy (cutting, marking, etching, drilling, ablating, and welding) and Mechanical Energy (cutting and shaping) combined with sophisticated automation to prototype, plan, and manufacture your products. And we commit our Organizational Energy (prototyping, validating, supplying, communicating) to serve as the catalyst that connects you to market success.

Buy -

Seller(S) 1

SELLER

Industrial Growth Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 11 of 34
Sector (Test/Measurement Equipment) 3 of 4
Type (Add-on Acquisition) 2 of 18
State (Illinois) 1 of 2
Country (United States) 11 of 33
Year (2010) 1 of 1
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-13 Controls Southeast

Pineville, North Carolina, United States

Controls Southeast, Inc. is a provider of bolt-on heating systems for piping, tanks, valves and instrumentation, as well as jacketed piping systems and full-service system engineering and design, field consulting and installation support for a broad range of critical industrial processes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-18 QSR

Pepper Pike, Ohio, United States

QSR is a manufacturer of tight-tolerance rubber and silicone molded components, plastic based sub-assemblies, and packaged products for companies worldwide. QSR was founded in 1966 and is based in Pepper Pike, Ohio.

Buy -