M&A Deal Summary

Briggs & Stratton Power Products Group Acquires Simplicity Manufacturing

On July 7, 2004, Briggs & Stratton Power Products Group acquired manufacturer Simplicity Manufacturing from Charlesbank Capital Partners for 228M USD

Acquisition Highlights
  • This is Briggs & Stratton Power Products Group’s 1st transaction in the Manufacturing sector.
  • This is Briggs & Stratton Power Products Group’s largest (disclosed) transaction.
  • This is Briggs & Stratton Power Products Group’s 1st transaction in the United States.
  • This is Briggs & Stratton Power Products Group’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2004-07-07
Target Simplicity Manufacturing
Sector Manufacturing
Buyer(s) Briggs & Stratton Power Products Group
Sellers(s) Charlesbank Capital Partners
Deal Type Add-on Acquisition
Deal Value 228M USD

Target

Simplicity Manufacturing

Milwaukee, Wisconsin, United States
Simplicity Manufacturing, Inc., is a designer, manufacturer and marketer of outdoor power equipment used in both consumer and commercial lawn and garden applications. Simplicity Manufacturing’s products are distributed through independent dealers under the brand names Simplicity, Snapper, Ferris and Giant-Vac.

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Buyer(S) 1

Buyer

Briggs & Stratton Power Products Group

Jefferson, Wisconsin, United States
Category Company
Founded 1998
Sector Machinery
DESCRIPTION

Briggs & Stratton Power Products Group, LLC is a subsidary of Briggs & Stratton Corp.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.

DEAL STATS #
Overall 11 of 50
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 5 of 18
State (Wisconsin) 2 of 2
Country (United States) 9 of 46
Year (2004) 3 of 5
Size (of disclosed) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-03 Sealy

Trinity, North Carolina, United States

Sealy Corp. manufactures and markets a broad range of mattresses and foundations under the Sealy, Sealy Posturepedic, Optimum by Sealy Posturepedic, Stearns & Foster, and Bassett brands.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Regency Gas Services

Dallas, Texas, United States

Regency Gas Services was led by a team of industry executives assembled by Charlesbank. The company purchased and operated 2,900 miles of natural gas gathering, processing and pipeline assets in Colorado, Kansas, Louisiana, Oklahoma and Texas

Sell $405M
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