M&A Deal Summary

CPP Acquires Turbine Technologies

On November 7, 2012, CPP acquired education company Turbine Technologies from ESCO

Acquisition Highlights
  • This is CPP’s 1st transaction in the Education sector.
  • This is CPP’s 2nd transaction in the United States.
  • This is CPP’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2012-11-07
Target Turbine Technologies
Sector Education
Buyer(s) CPP
Sellers(s) ESCO
Deal Type Divestiture

Target

Turbine Technologies

Chetek, Wisconsin, United States
Turbine Technologies is a United States manufacturer of premier educational laboratory equipment. Our products offer engineering students unique learning opportunities via the manipulation and observation of thermal fluid systems.

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Buyer(S) 1

Buyer

CPP

Cleveland, Ohio, United States

Category Company
Founded 1991
Sector Aerospace
DESCRIPTION

CPP is an aerospace casting manufacturer and offers both sand and investment casting capabilities. The company specializes in producing complex, mission-critical components for a variety of leading commercial and military aircraft and regional/business jets, as well as industrial gas turbines. CPP was founded in 1991 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 2 of 4
Sector (Education) 1 of 1
Type (Divestiture) 2 of 3
State (Wisconsin) 1 of 1
Country (United States) 2 of 4
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-14 Teledyne Technologies - Teledyne Cast Parts

United States

Teledyne Technologies - Teledyne Cast Parts is a provider of sophisticated electronics and communication products, systems engineering solutions and aerospace engines and components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-05 Selmet

Albany, Oregon, United States

Selmet, Inc. is a manufacturer of complex titanium investment castings for the aerospace and defense industries. Selmet possesses unique capabilities to process titanium and features a product offering that includes engine, airframe and other aircraft and military components. Selmet was founded in 1983 and is based in Albany, Oregon.

Buy -

Seller(S) 1

SELLER

ESCO

Portland, Oregon, United States

Category Company
Founded 1913
Sector Manufacturing
DESCRIPTION

ESCO Corp. is an independent developer and manufacturer of highly engineered wear parts and replacement products used in mining, infrastructure development, oil and gas, and industrial applications. We have focused on product innovation throughout our 100-year history. Our expertise in metallurgy, tribology (the science of wear), design engineering, manufacturing processes, and distribution are our core competencies.


DEAL STATS #
Overall 1 of 2
Sector (Education) 1 of 1
Type (Divestiture) 1 of 2
State (Wisconsin) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-14 Ulterra Drilling Technologies

Fort Worth, Texas, United States

Ulterra Drilling Technologies is an independent supplier of polycrystalline diamond compact drill bits to the oil and gas industry. Ulterra currently has a leading position in many of the most active U.S. onshore oil and gas basins, including the Permian and Eagle Ford, and has a growing presence internationally. Ulterra’s singular focus on PDC drilling technology allows it to deliver the highest level of customer service and customization to producers across a wide range of basins and geological formations, driving industry leading performance and durability.

Buy $325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Ulterra Drilling Technologies

Fort Worth, Texas, United States

Ulterra Drilling Technologies is an independent supplier of polycrystalline diamond compact drill bits to the oil and gas industry. Ulterra currently has a leading position in many of the most active U.S. onshore oil and gas basins, including the Permian and Eagle Ford, and has a growing presence internationally. Ulterra’s singular focus on PDC drilling technology allows it to deliver the highest level of customer service and customization to producers across a wide range of basins and geological formations, driving industry leading performance and durability.

Sell -