M&A Deal Summary

AMETEK Acquires Precitech

On November 6, 2006, AMETEK acquired machinery company Precitech from American Capital for 13M USD

Acquisition Highlights
  • This is AMETEK’s 1st transaction in the Machinery sector.
  • This is AMETEK’s 37th largest (disclosed) transaction.
  • This is AMETEK’s 9th transaction in the United States.
  • This is AMETEK’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2006-11-06
Target Precitech
Sector Machinery
Buyer(s) AMETEK
Sellers(s) American Capital
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Precitech

Keene, New Hampshire, United States
Precitech, Inc. designs and manufactures ultra precision machining solutions for diamond turning, milling, and grinding which are used to produce optical lenses, mold inserts, mirrors, and precision mechanical components. Our machines produce rotationally symmetric, asymmetric, freeform, and sculpted geometries with form tolerances in the sub-micron range and nanometer surface finishes.

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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 11 of 72
Sector (Machinery) 1 of 5
Type (Add-on Acquisition) 7 of 65
State (New Hampshire) 1 of 1
Country (United States) 9 of 59
Year (2006) 4 of 4
Size (of disclosed) 37 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-15 Land Instruments International

Dronfield, United Kingdom

LAND Instruments International provides design and application of infrared temperature measurement for industry. Land is known as both innovators and manufacturers of high quality precision radiation thermometers and thermometer systems; Land's position is unrivalled with over 60 years experience in temperature measurement. Land products are used extensively in applications as diverse as steel, glass, electronics, mineral processing, power generation, utility and aircraft gas turbines, and a wide range of other industries. Ongoing development creates products for new applications and the continuous improvement of an expanding product range.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-05 Southern Aero Partners

Tulsa, Oklahoma, United States

Southern Aero Partners, Inc. provides a broad range of repair, overhaul and manufacturing services for commercial aircraft components.

Buy -

Seller(S) 1

SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 54 of 194
Sector (Machinery) 6 of 8
Type (Add-on Acquisition) 29 of 87
State (New Hampshire) 1 of 4
Country (United States) 53 of 186
Year (2006) 23 of 26
Size (of disclosed) 56 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-05 Neways International

Springville, Utah, United States

Neways is a leading manufacturer and distributor of safe, effective and innovative personal care and nutritional products. Neways' mission is to enhance the health, wealth and well-being of people around the world. Products are sold through a worldwide network of independent distributors with sales in 23 countries. Neways also operates manufacturing facilities in Salem, Utah, and Auckland, New Zealand. Neways' headquarters are located in Springville, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 FMI International

Carteret, New Jersey, United States

FMI International, Inc is a leading third party logistics provider to the U.S. apparel industry. The services include including freight forwarding, transloading, warehousing, distribution, and local and long distance ground transportation to the U.S. import apparel industry. Along the entire transport route, FMI offers a comprehensive inventory tracking system that enables customers to locate their merchandise at any point on the supply chain. FMI is one of the few companies in the industry with expertise in garment-on-hanger shipping, a shipping method in which delicate apparel remains hung on slick rails throughout its transport, avoiding the weight and pressure of other garments that could adversely affect their appearance.

Sell $100M
Mergr

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