M&A Deal Summary

AMETEK Acquires Coining

On May 9, 2011, AMETEK acquired manufacturer Coining from Northstar Capital and River Associates for 148M USD

Acquisition Highlights
  • This is AMETEK’s 5th transaction in the Manufacturing sector.
  • This is AMETEK’s 20th largest (disclosed) transaction.
  • This is AMETEK’s 26th transaction in the United States.
  • This is AMETEK’s 3rd transaction in New Jersey.

M&A Deal Summary

Date 2011-05-09
Target Coining
Sector Manufacturing
Buyer(s) AMETEK
Sellers(s) Northstar Capital
River Associates
Deal Type Add-on Acquisition
Deal Value 148M USD
Advisor(s) Lincoln International (Financial)

Target

Coining

Montvale, New Jersey, United States
Coining manufactures solder preforms and brazing preforms, including popular gold tin preforms, that are used for joining applications in microelectronics packaging and assembly

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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 29 of 72
Sector (Manufacturing) 5 of 8
Type (Add-on Acquisition) 24 of 65
State (New Jersey) 3 of 3
Country (United States) 26 of 59
Year (2011) 2 of 4
Size (of disclosed) 20 of 37
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-17 Reichert Technologies

Depew, New York, United States

Reichert Technologies, Inc. is a global leader in the design and manufacture of high-quality diagnostic instruments and equipment for ophthalmologists, optometrists, and retail eyecare centers.

Buy $150M

Seller(S) 2

SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 15 of 80
Sector (Manufacturing) 3 of 8
Type (Add-on Acquisition) 2 of 27
State (New Jersey) 1 of 2
Country (United States) 14 of 76
Year (2011) 1 of 5
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-03 SP Industries

Warminster, Pennsylvania, United States

SP Industries is a manufacturer of specialty equipment, scientific glassware, and laboratory and lab safety supplies serving the pharmaceutical, biotechnology, educational, industrial, and OEM markets. SP Industries is based in Warminster, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-07 Pyramid Healthcare

Duncansville, Pennsylvania, United States

Pyramid Healthcare is a provider of drug/alcohol and mental health treatment for adults and adolescents with 21 treatment facilities throughout Pennsylvania. Pyramid Healthcare is based in Duncansville, Pennsylvania.

Buy -
SELLER

River Associates

Chattanooga, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

River Associates is a private equity firm that targets buyouts, divestitures and recapitalizations of lower middle-market companies. River looks for investments in manufacturing, high-margin distribution, industrial services and 'non-faddish' retail companies. The Firm focuses on companies located in the US and Canada with minimum sales of $15 million and EBITDA of $3 to $12 million. River Associates avoids investing in heavily regulated industries as well as start-up, high-technology, commodity or natural resource companies. River Associates was formed in 1989 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 11 of 25
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 7
State (New Jersey) 2 of 2
Country (United States) 10 of 24
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-10 TrueNet Communications

Jacksonville, Florida, United States

TrueNet Communications, Inc. is a provider of communications network infrastructure services specializing in delivering consulting, engineering, installation and technical services to the Broadband, Wireless and Wireline Carrier, Energy and Utility, and corporate and government markets. TrueNet is extremely well positioned to capitalize on the demand for broadband infrastructure driven by the ever increasing need for bandwidth

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-04 KK Precision

Toronto, Ontario, Canada

KK Precision, Inc. is a supplier and manufacturer of complex components for gas turbine engines in the Energy, Aerospace and Defense sectors. The company excels in applying their extensive manufacturing capabilities to product designs, including machining, joining, non-destructive testing, assembly and supply chain management.

Buy -