M&A Deal Summary |
|
---|---|
Date | 1998-07-02 |
Target | General Electric - Compressor Motor Business |
Sector | Electrical Equipment |
Buyer(s) | AO Smith |
Sellers(s) | General Electric |
Deal Type | Divestiture |
Deal Value | 120M USD |
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Category | Company |
---|---|
Founded | 1874 |
Sector | Manufacturing |
Employees | 12,000 |
Revenue | 3.9B USD (2023) |
AO Smith is a manufacturer of water heaters and boilers, serving a diverse mix of residential and commercial end markets. The Company's water heater segment offers electric, natural gas and liquid propane models as well as solar tanks and gas tankless units for today’s energy efficient homes. AO Smith's commercial boilers are used primarily in space heating applications including hospitals, schools, hotels and other large commercial buildings. AO Smith was incorporated in 1874 and is based in Milwaukee, Wisconsin.
DEAL STATS | # |
---|---|
Overall | 1 of 14 |
Sector (Electrical Equipment) | 1 of 7 |
Type (Divestiture) | 1 of 3 |
State (Kentucky) | 1 of 1 |
Country (United States) | 1 of 10 |
Year (1998) | 1 of 1 |
Size (of disclosed) | 6 of 9 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-08-02 |
MagneTek - Motor Operations
Menomonee Falls, Wisconsin, United States MagneTek - Motor Operations is a manufacturer of both fractional horsepower and integral horsepower AC and DC electric motors. |
Buy | $250M |
Category | Company |
---|---|
Founded | 1892 |
Sector | Diversified |
Employees | 205,000 |
Revenue | 67.6B USD (2023) |
General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.
DEAL STATS | # |
---|---|
Overall | 2 of 45 |
Sector (Electrical Equipment) | 1 of 5 |
Type (Divestiture) | 2 of 38 |
State (Kentucky) | 1 of 3 |
Country (United States) | 2 of 35 |
Year (1998) | 1 of 1 |
Size (of disclosed) | 20 of 22 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1994-10-18 |
Kidder Peabody
New York, New York, United States Kidder, Peabody, & Co. is a national brokerage, securities, and wealth management firm. |
Sell | $670M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-03-01 |
Reltec
Cleveland, Ohio, United States Reltec designs, manufactures and sells a wide array of telecommunications products and services via a worldwide network of employees. |
Buy | $2.1B |