M&A Deal Summary

Crane Acquires The Number One Supply

On May 29, 1998, Crane acquired distribution company The Number One Supply

Acquisition Highlights
  • This is Crane’s 1st transaction in the Distribution sector.
  • This is Crane’s 2nd transaction in the United States.
  • This is Crane’s 1st transaction in North Carolina.

M&A Deal Summary
Date 1998-05-29
Target The Number One Supply
Sector Distribution
Buyer(s) Crane
Deal Type Add-on Acquisition

Target

The Number One Supply

North Carolina, United States
The Number One Supply egages in the building products distribution business.

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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 2 of 26
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 2 of 19
State (North Carolina) 1 of 1
Country (United States) 2 of 18
Year (1998) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-15 Environmental Products USA

Venice, Florida, United States

Environmental Products USA, Inc. is a manufacturer of packaged, membrane-based water treatment systems for industrial, commercial, and institutional markets.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-01 Consolidated Lumber

Stillwater,, Minnesota, United States

Consolidated Lumber Co.,Inc. is a one-step wholesale distributor of lumber and millwork products in the greater Kansas City area.

Buy $41M
Mergr

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