M&A Deal Summary

Crane Acquires Liberty Technologies

On August 12, 1998, Crane acquired electrical equipment company Liberty Technologies

Acquisition Highlights
  • This is Crane’s 1st transaction in the Electrical Equipment sector.
  • This is Crane’s 5th transaction in the United States.
  • This is Crane’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 1998-08-12
Target Liberty Technologies
Sector Electrical Equipment
Buyer(s) Crane
Deal Type Add-on Acquisition

Target

Liberty Technologies

Conshohocken,, Pennsylvania, United States
Liberty Technologies develops, manufactures, markets and sells valve, motor, engine and compressor condition monitoring products and related services to customers in the nuclear power generation and industrial process markets worldwide.

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Buyer(S) 1

Buyer

Crane

Stamford, Connecticut, United States
Category Company
Founded 1855
Sector Machinery
Employees7,000
Revenue 2.1B USD (2023)
DESCRIPTION

Crane is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. Crane was Incorporated in 1855 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 5 of 26
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 5 of 19
State (Pennsylvania) 1 of 2
Country (United States) 5 of 18
Year (1998) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-07 Sequentia Holdings

Strongsville,, Ohio, United States

Sequentia Holdings, Inc., a manufacturer of fiberglass reinforced plastic (FRP) panels for construction and building products applications with manufacturing facilities in Grand Junction, TN and Houston, TX. Sequentia.

Buy $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-25 Plastic-Lined Piping Products - The Dow Chemical

Bay City, Michigan, United States

The Plastic-Lined Piping Products business, supplying a variety of lined pipe and valves to the chemical process and industrial markets.

Buy $24M
Mergr

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