M&A Deal Summary

Astec Industries Acquires Telestack

On April 1, 2014, Astec Industries acquired machinery company Telestack for 36M USD

Acquisition Highlights
  • This is Astec Industries’ 8th transaction in the Machinery sector.
  • This is Astec Industries’ 2nd largest (disclosed) transaction.
  • This is Astec Industries’ 1st transaction in Ireland.

M&A Deal Summary

Date 2014-04-01
Target Telestack
Sector Machinery
Buyer(s) Astec Industries
Deal Type Add-on Acquisition
Deal Value 36M USD

Target

Telestack

Omagh, Ireland
Telestack Ltd., specializes in the complete in-house design, manufacture, installation and commissioning of a complete line of material handling systems used extensively in the port, aggregate and mining industries.

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Buyer(S) 1

Buyer

Astec Industries

Chattanooga, Tennessee, United States

Category Company
Founded 1972
Sector Machinery
Employees4,148
Revenue 1.3B USD (2024)
DESCRIPTION

Astec Industries is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; and wood processing. Astec Industries was founded in 1972 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 9 of 15
Sector: Machinery M&A 8 of 12
Type: Add-on Acquisition M&A Deals 9 of 14
Country: Ireland M&A 1 of 1
Year: 2014 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 American Augers

West Salem, Ohio, United States

American Augers, Inc. is a manufacturer of state-of-the-art auger boring machines, directional drills and fluid/mud systems used in the "underground construction" or "trenchless" market.

Sell $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 Power Flame

Parsons, Kansas, United States

Power Flame, Inc. is a manufacturer of gas, oil and combination gas/oil burners and combustion control systems designed for commercial, industrial and process applications.

Buy $43M