M&A Deal Summary

Berkshire Partners Acquires Avery Weigh-Tronix

On September 1, 2003, private equity firm Berkshire Partners acquired test/measurement equipment company Avery Weigh-Tronix

Acquisition Highlights
  • This is Berkshire Partners’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Berkshire Partners’ 27th transaction in the United States.
  • This is Berkshire Partners’ 1st transaction in Minnesota.
Investment Fate
  • Avery Weigh-Tronix was sold to a consortium of financial buyers in 2006.
  • Avery Weigh-Tronix was sold to a publicly-traded strategic buyer in 2008.

M&A Deal Summary

Date 2003-09-01
Target Avery Weigh-Tronix
Sector Test/Measurement Equipment
Buyer(s) Berkshire Partners
Deal Type Consolidation

Target

Avery Weigh-Tronix

Fairmont, Minnesota, United States
Avery Weigh-Tronix LLC, a supplier of scales, weighing equipment and solutions.

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Buyer(S) 1

Buyer

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 30 of 105
Sector: Test/Measurement Equipment M&A 1 of 2
Type: Consolidation M&A Deals 1 of 2
State: Minnesota M&A 1 of 1
Country: United States M&A 27 of 93
Year: 2003 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-27 Acosta

Jacksonville, Florida, United States

Acosta Sales & Marketing provides outsourced sales, marketing and merchandising services to manufacturers, suppliers, and producers of consumer packaged goods. Acosta was founded in 1927 and is based in Jacksonville, Florida.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-24 Carter’s

Atlanta, Georgia, United States

Carter’s is a brand of children’s clothing. Trusted by generations of families for making life easier, Carter’s creates a full range of cute, quality baby and children’s clothing, gifts, and accessories that have provided solutions for real life. Carter’s was incorporated in 1865 and is based in Atlanta, Georgia.

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