M&A Deal Summary

ATS Acquires SP Industries

On December 3, 2021, ATS acquired medical products company SP Industries from Harbour Group

Acquisition Highlights
  • This is ATS’s 2nd transaction in the Medical Products sector.
  • This is ATS’s 4th transaction in the United States.
  • This is ATS’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2021-12-03
Target SP Industries
Sector Medical Products
Buyer(s) ATS
Sellers(s) Harbour Group
Deal Type Add-on Acquisition

Target

SP Industries

Warminster, Pennsylvania, United States
SP Industries is a manufacturer of specialty equipment, scientific glassware, and laboratory and lab safety supplies serving the pharmaceutical, biotechnology, educational, industrial, and OEM markets. SP Industries is based in Warminster, Pennsylvania.

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Buyer(S) 1

Buyer

ATS

Cambridge, Ontario, Canada

Category Company
Founded 1978
Sector Engineering
Employees7,000
Revenue 3.0B CAD (2024)
DESCRIPTION
Automation Tooling Systems facility in Rock Hill, South Carolina.
Automation Tooling Systems facility in Rock Hill, South Carolina.

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 11 of 15
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 9 of 13
State (Pennsylvania) 2 of 2
Country (United States) 4 of 5
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 NCC

Souderton, Pennsylvania, United States

NCC is a provider of turnkey automation solutions and manufactures high precision pallet handling and sanitary conveyance products under the Glide-LineTM and SideDrive brands, serving customers in the food and packaging, ophthalmic, assembly automation, and nutraceutical markets. NCC was founded in 1986 and is based in Souderton, Pennsylvania.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-07 HSG Engineering

Porcari, Italy

HSG Engineering is a system integrator for advanced automation solutions, HSG is focused primarily on the pharmaceutical sector with a presence in other sectors including food, paper, and industrial handling. HSG Engineering was founded in 2003 and headquartered in Porcari, Italy.

Buy -

Seller(S) 1

SELLER

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $50 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 21 of 23
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 10 of 12
State (Pennsylvania) 2 of 2
Country (United States) 21 of 23
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Thibaut

Union, New Jersey, United States

Thibaut is an operator of wallpaper and fabric company. Thibaut is a designer and global distributor of branded wallpapers, fabrics, and furniture sold through the interior design channel. Thibaut goes to market through two highly regarded brands, Thibaut and Anna French. Thibaut was founded in 1886 and is based in Union, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 DecksDirect

Minneapolis, Minnesota, United States

DecksDirect is a direct-to-job-site distributor of premium deck products. DecksDirect offers a uniquely broad line of in-stock products, including composite decking, railing, lighting, and other deck accessories. DecksDirect was founded in 2008 and is based in Minneapolis, Minnesota.

Buy -