M&A Deal Summary |
|
|---|---|
| Date | 2023-09-22 |
| Target | Avidity Science |
| Sector | Life Science |
| Buyer(s) | ATS |
| Sellers(s) |
ShoreView Industries
Northstar Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 195M USD |
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| Category | Company |
|---|---|
| Founded | 1978 |
| Sector | Engineering |
| Employees | 7,000 |
| Revenue | 3.0B CAD (2024) |
ATS is a designer, builder and installer of manufacturing solutions. ATS uses its knowledge and global capabilities to serve the sophisticated automation systems' needs of multinational customers in industries such as consumer products & electronics, energy, life sciences and transportation. ATS was incorporated in 1978 and is based in Cambridge, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 15 |
| Sector (Life Science) | 1 of 1 |
| Type (Add-on Acquisition) | 12 of 13 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 5 of 5 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-29 |
IPCOS
Leuven, Belgium IPCOS is a digital solutions and services provider, focused on maximizing plant efficiency, increasing business productivity, and enhancing environmental sustainability, through the smart application of latest Industry 4.0 technologies. IPCOS serves a wide range of international process and allied industries with six locations across the US, Europe and India. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-07 |
Heidolph
Schwabach, Germany Heidolph manufactures and distributes equipment for evaporation, stirring, automation, shaking and mixing, liquid handling, and other crucial laboratory solutions. The company offers software solutions for laboratory workflow automation and data documentation. In its fiscal year ended March 31, 2024, Heidolph generated revenues of approximately €50 million and gross margins accretive to ATS’ current gross margins, with a significant presence in Europe and Asia. Heidolph employs over 200 individuals in facilities in Germany, the United States, South Korea, and China. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Agnostic |
ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 29 |
| Sector (Life Science) | 1 of 1 |
| Type (Add-on Acquisition) | 9 of 9 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 27 of 28 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-21 |
Garner
Lincoln, Nebraska, United States Garner is a manufacturer and supplier of level measurement sensors as well as a custom injection molder with a range of fabrication capabilities. Garner was founded in 1953 and is headquartered in Lincoln, Nebraska. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-13 |
P&F Industries
Melville, New York, United States P&F Industries is a global designer, manufacturer, and distributor of power tools, gears, and other highly engineered industrial equipment. P&F’s products are sold under several proprietary brands including AIRCAT, Jiffy Air Tool, Universal Tool, and ATP, as well as under the private labels of major manufacturers and retailers. The company’s products are used in a variety of end markets, including aerospace OEM, automotive aftermarket, DIY consumer, and other niche manufacturing. P&F Industries was founded in 1959 and is based in Melville, New York. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 1.7B USD |
| Size | Large |
| Type | Sector Agnostic |
Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 77 of 80 |
| Sector (Life Science) | 2 of 2 |
| Type (Add-on Acquisition) | 27 of 27 |
| State (Wisconsin) | 6 of 6 |
| Country (United States) | 73 of 76 |
| Year (2023) | 1 of 2 |
| Size (of disclosed) | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-30 |
Standard Locknut
Westfield, Indiana, United States Standard Locknut is a manufacturer of specialized bearing accessories and also provides contract machining services. Standard Locknut was founded in 1948 and is based in Westfield, Indiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-19 |
Online Labels
Sanford, Florida, United States Online Labels provides a full suite of custom printed pressure sensitive, shrink sleeve, flexible packaging, and blank labels on sheets and rolls to small businesses, consumers, and middle-market brands via enterprise relationships and a direct-to-consumer e-commerce platform. Online Labels provides labeling solutions for consumer products such as food, health and beauty, and nutritional supplements, as well as numerous other products requiring primarily pressure sensitive labels. Online Labels was founded in 1980 and is based in Sanford, Florida. |
Sell | - |
