M&A Deal Summary

AMETEK Acquires Powervar

On December 4, 2013, AMETEK acquired electrical equipment company Powervar from Pfingsten Partners for 128M USD

Acquisition Highlights
  • This is AMETEK’s 8th transaction in the Electrical Equipment sector.
  • This is AMETEK’s 22nd largest (disclosed) transaction.
  • This is AMETEK’s 36th transaction in the United States.
  • This is AMETEK’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2013-12-04
Target Powervar
Sector Electrical Equipment
Buyer(s) AMETEK
Sellers(s) Pfingsten Partners
Deal Type Add-on Acquisition
Deal Value 128M USD

Target

Powervar

Waukegan, Illinois, United States
Powervar was a global manufacturer and distributor of branded and private label electrical power conditioning equipment for the medical, retail point-of-sale, industrial and other markets.

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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 42 of 72
Sector (Electrical Equipment) 8 of 12
Type (Add-on Acquisition) 37 of 65
State (Illinois) 2 of 6
Country (United States) 36 of 59
Year (2013) 5 of 5
Size (of disclosed) 22 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-29 Creaform

Levis, Quebec, Canada

Creaform is a world-class and innovative technological company offering 3D digital solutions. Creaform combines every 3D process and technology with innovative solutions that can cover the entire range of 3D needs: 3D scanning, reverse engineering, inspection, styling, design, analysis, digital manufacturing and medical applications.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 Teseq AG

Luterbach, Switzerland

Teseq AG provides comprehensive range of EMC systems for immunity and emissions testing. We take great pride in our world-class research and development program, backed by state-of-the-art global manufacturing. Our membership in the relevant international committees demonstrates our commitment to the industry. Our network of direct sales offices, representatives and distributors offers market leading EMC expertise tailored to local needs in more than 30 different countries.

Buy Fr.83M

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 16 of 40
Sector (Electrical Equipment) 2 of 6
Type (Add-on Acquisition) 7 of 16
State (Illinois) 8 of 8
Country (United States) 16 of 40
Year (2013) 3 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Des-Case

Goodlettsville, Tennessee, United States

Des-Case is a manufacturer of contamination control products and services for industrial lubricants. Its breathers, specialty filtration products, custom fluid handling equipment and consulting and educational services have helped companies around the world improve their equipment reliability by reducing equipment maintenance costs and downtime. Des-Case was founded in 1983 and is based in Goodlettsville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-07 Hy-Bon Engineering

Midland, Texas, United States

Hy-Bon Engineering Co. Inc. design and fabrication of customized compressor packages for handling low pressure gas streams. Regardless of the application: whether gas from oilfield stock tanks, casinghead gas, field gas collection or biogas from wastewater facilities, digester tanks, landfills or breweries, HY-BON/EDI can design the package required. HY-BON/EDI also designs and manufactures custom compressed natural gas (CNG) packages for municipal applications.

Sell -
Mergr

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