M&A Deal Summary

AMETEK Acquires Drake Air

On February 21, 2008, AMETEK acquired electrical equipment company Drake Air

Acquisition Highlights
  • This is AMETEK’s 3rd transaction in the Electrical Equipment sector.
  • This is AMETEK’s 16th transaction in the United States.
  • This is AMETEK’s 3rd transaction in Oklahoma.

M&A Deal Summary
Date 2008-02-21
Target Drake Air
Sector Electrical Equipment
Buyer(s) AMETEK
Deal Type Add-on Acquisition

Target

Drake Air

Tulsa, Oklahoma, United States
Drake Air, located in Tulsa, OK, is a leading FAA/EASA/CAAC approved repair station specializing in the maintenance, repair and overhaul of Heat Transfer, Electro-Mechanical, Hydraulic and Fluid System components for all types of commercial, regional, general aviation and rotor wing aircraft.

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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 19 of 72
Sector (Electrical Equipment) 3 of 12
Type (Add-on Acquisition) 15 of 65
State (Oklahoma) 3 of 3
Country (United States) 16 of 59
Year (2008) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-11 NewAge Testing Instruments

Feasterville, Pennsylvania, United States

Newage Testing Instruments Inc. is an expert in hardness testing and a leading innovator in solving hardness testing and characterization problems. Founded in 1954 and operated out of Southampton, PA, Newage’s equipment is used in a broad range of industries, including aerospace, oil exploration and defense. A manufacturer and worldwide supplier of hardness testers and accessories, providing you with the ideal solutions for all your research and quality needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-14 Reading Alloys

Robesonia, Pennsylvania, United States

Reading Alloys produces specialty titanium master alloys and highly engineered metal powders used in the aerospace, medical implant, military, and electronics markets.

Buy -
Mergr

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