M&A Deal Summary

Barnes Group Acquires MB Aerospace

On June 5, 2023, Barnes Group acquired aerospace company MB Aerospace from The Blackstone Group for 740M USD

Acquisition Highlights
  • This is Barnes Group’s 1st transaction in the Aerospace sector.
  • This is Barnes Group’s largest (disclosed) transaction.
  • This is Barnes Group’s 5th transaction in the United Kingdom.

M&A Deal Summary
Date 2023-06-05
Target MB Aerospace
Sector Aerospace
Buyer(s) Barnes Group
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 740M USD
Advisor(s) Goldman Sachs
RBC Capital Markets (Financial)
Simpson Thacher & Bartlett (Legal)

Target

MB Aerospace

Motherwell, United Kingdom
MB Aerospace is a provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers. MB Aerospace was founded in and is based in Motherwell, Scotland.

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Buyer(S) 1

Buyer

Barnes Group

Bristol, Connecticut, United States
Category Company
Founded 1857
Sector Manufacturing
Employees6,500
Revenue 1.5B USD (2023)
DESCRIPTION

Barnes Group is an international aerospace and industrial manufacturing and service provider, serving a wide range of end markets and customers. The products and services provided by Barnes Group are used in far-reaching applications that provide transportation, communication, manufacturing and technology to the world. Barnes Group was incorporated in 1857 and is based in Bristol, Connecticut.

DEAL STATS #
Overall 22 of 22
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 15 of 15
Country (United Kingdom) 5 of 5
Year (2023) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Gimatic Srl

Roncadelle, Italy

Gimatic Srl is an end-of-arm tools manufacturer, providing a complete offering of pneumatic gripper solutions (grippers, actuators, linear guides and quick exchangers), mechatronic solutions, and various sensors for automation and grippers to the automotive, packaging, food and beverage, plastics, medical and pharmaceutical industries. Gimatic Srl is headquartered in Roncadelle, Italy.

Buy €370M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Associated Spring

Brighton, Michigan, United States

Associated Spring specializes in engineered spring and precision metal component manufacturing, progressive stamping, micro-stamping, and fine blanking. Associated Spring was founded in 1857 and is based in Brighton, Michigan.

Sell $175M

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 171 of 173
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 66 of 67
Country (United Kingdom) 17 of 17
Year (2023) 2 of 2
Size (of disclosed) 44 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-15 IBS Software

Singapore, Singapore

IBS Software is a global provider of new-generation IT solutions to the travel, transportation and logistics industries. IBS Software was formed in 1997 and is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 New Tradition

New York, New York, United States

New Tradition is an Out-Of-Home media company and an independent operator of large-format digital and static signage. With a focus on urban core environments, it provides advertising platforms for national brands and advertising agencies throughout the country. New Tradition is based in New York, New York.

Buy -
Mergr

Product

Company

Legal