M&A Deal Summary

Balmoral Funds Acquires DWFritz

On September 30, 2024, private equity firm Balmoral Funds acquired manufacturer DWFritz from Sandvik

Acquisition Highlights
  • This is Balmoral Funds’ 2nd transaction in the Manufacturing sector.
  • This is Balmoral Funds’ 18th transaction in the United States.
  • This is Balmoral Funds’ 1st transaction in Oregon.

M&A Deal Summary
Date 2024-09-30
Target DWFritz
Sector Manufacturing
Buyer(s) Balmoral Funds
Sellers(s) Sandvik
Deal Type Divestiture

Target

DWFritz

Wilsonville, Oregon, United States
DWFritz is a provider of precision metrology, inspection, and assembly solutions for advanced manufacturing. The Company designs, builds, and supports engineer-to-order high-speed, non-contact metrology solutions and automation systems. DWFritz was founded in 1973 and is based in Wilsonville, Oregon. 

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Buyer(S) 1

Buyer

Balmoral Funds

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balmoral Funds is a private equity firm which targets recapitalizations, special situations, and acquisitions of small and middle-market companies. Typical investment candidates are located in the US or Canada, undergoing operational challenges with up to $400 million of revenue. Sectors of interest include manufacturing, business services, consumer products, retail, and value-added distribution. The Firm's target investment size is $5 to $40 million. Balmoral Funds was established in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 18 of 19
Sector (Manufacturing) 2 of 2
Type (Divestiture) 5 of 6
State (Oregon) 1 of 1
Country (United States) 18 of 19
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Xirgo Technologies

Thousand Oaks, California, United States

Xirgo Technologies is a provider of IoT solutions, including Xirgo-branded vehicle and asset telematics hardware, SmartWitness AI driver cameras, and Elastic M2M enterprise-class software. Xirgo Technologies is based in Thousand Oaks, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-20 R.H. Sheppard

Hanover, Pennsylvania, United States

R.H. Sheppard is a designer and manufacturer of commercial vehicle steering systems, engine pumps and related products and services at the highest quality standards and supports customers with personal service and flexibility. R.H. Sheppard was founded in 1937 and is based in Hanover, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Sandvik

Stockholm, Sweden
Category Company
Founded 1862
Sector Engineering
Employees40,344
Revenue 126.5B SEK (2023)
DESCRIPTION

Sandvik operates as a global engineering company. Sandvik is a high-technology and global industrial group that produces products and services that enhance customer productivity, profitability and safety. Sandvik was founded in 1862 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 5 of 5
Sector (Manufacturing) 2 of 2
Type (Divestiture) 5 of 5
State (Oregon) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-27 Universal Field Robots

Eagle Farm, Australia

Universal Field Robots provides autonomous interoperable solutions for the surface mining and underground mining markets. Universal Field Robots is based in Eagle Farm, Australia.

Buy -
Mergr

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