M&A Deal Summary

Crane Acquires Telequip

On June 12, 2006, Crane acquired manufacturer Telequip for 45M USD

Acquisition Highlights
  • This is Crane’s 3rd transaction in the Manufacturing sector.
  • This is Crane’s 11th largest (disclosed) transaction.
  • This is Crane’s 12th transaction in the United States.
  • This is Crane’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2006-06-12
Target Telequip
Sector Manufacturing
Buyer(s) Crane
Deal Type Add-on Acquisition
Deal Value 45M USD
Advisor(s) Stonebridge Associates LLC (Financial)

Target

Telequip

Salem, New Hampshire, United States
Telequip manufactures coin dispensing solutions. Telequip provides embedded and free-standing coin dispensing solutions principally focused on the retail market which includes grocery and convenience stores, quick-service restaurants and self-checkout/self-service kiosks.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 15 of 26
Sector (Manufacturing) 3 of 8
Type (Add-on Acquisition) 10 of 19
State (New Hampshire) 1 of 1
Country (United States) 12 of 18
Year (2006) 2 of 3
Size (of disclosed) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-15 Resistoflex Aerospace

Jacksonville, Florida, United States

Resistoflex Aerospace, which invented PTFE extruded hose, also produces tubes and swaged fittings, including hydraulic beam seal fittings for aircraft and engine applications, and Nutlok, a separable fluid connector requiring no lockwire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-09 Noble Composites

Goshen, Indiana, United States

Noble Composites, Inc. is a manufacturer of premium quality sidewalls for the recreational vehicle industry. Although Noble is less than seven years old, it had built a state-of-the-art manufacturing facility and provided superior quality products at competitive prices. Noble sold its products to Class A, B, C, and fifth wheel RV manufacturers.

Buy $72M
Mergr

Product

Company

Legal