M&A Deal Summary

Charles Baynes Acquires Simone Engineering

On May 17, 2001, Charles Baynes acquired distribution company Simone Engineering for 10M USD

Acquisition Highlights
  • This is Charles Baynes’ 1st transaction in the Distribution sector.
  • This is Charles Baynes’ largest (disclosed) transaction.
  • This is Charles Baynes’ 1st transaction in the United States.
  • This is Charles Baynes’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2001-05-17
Target Simone Engineering
Sector Distribution
Buyer(s) Charles Baynes
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Simone Engineering

Milwaukee, Wisconsin, United States
Simone Engineering is a distributor of industrial valves, process control instruments and related flow control equipment to industrial customers in the upper Mid West.

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Buyer(S) 1

Buyer

Charles Baynes

Surrey, United Kingdom
Category Company
Sector Distribution
DESCRIPTION

Charles Baynes plc is a distribution group of flow control products (including valves, actuators, instrumentation and controls, piping and hose) to international end-users world wide.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-14 Buck & Hickman

Coventry, United Kingdom

Buck & Hickman Ltd. is a UK business-to-business distributor of industrial tools and supplies, selling products through catalogues, via its own branches and through its external sales force, of approximately 75 people. It has a National Distribution Centre in Coventry, stocks more than 48,000 products and has a well established "not in catalogue" service to customers. It has approximately 17,000 active customers and employs 700 staff.

Sell £65M
Mergr

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