M&A Deal Summary

Curtiss-Wright Acquires EST Group

On March 6, 2009, Curtiss-Wright acquired machinery company EST Group for 40M USD

Acquisition Highlights
  • This is Curtiss-Wright’s 7th transaction in the Machinery sector.
  • This is Curtiss-Wright’s 21st largest (disclosed) transaction.
  • This is Curtiss-Wright’s 23rd transaction in the United States.
  • This is Curtiss-Wright’s 5th transaction in Pennsylvania.

M&A Deal Summary
Date 2009-03-06
Target EST Group
Sector Machinery
Buyer(s) Curtiss-Wright
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

EST Group

Hatfield, Pennsylvania, United States
EST Group, Inc. is a provider of engineered products and comprehensive repair services for heat management and cooling systems utilized in the energy and defense markets. EST Group has three operating segments. Expansion Seal Technologies (EST) is the market leader in engineered plugs for shell and tube heat exchangers, condensers, oil coolers, piping systems and pressure vessels for critical, severe service applications. Its best-known product -- the Pop-A-Plug(R) -- is the industry's leading technology. EST Heat Exchanger manufactures heat exchangers, condensers, oil coolers, piping systems and pressure vessels. EST Field Services provide a comprehensive range of field services for heat management systems.

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Buyer(S) 1

Buyer

Curtiss-Wright

Davidson, North Carolina, United States
Category Company
Founded 1929
Sector Diversified
Employees8,600
Revenue 2.8B USD (2023)
DESCRIPTION

Curtiss-Wright is a global company that delivers highly engineered, critical function products and services to the commercial, defense, energy, and industrial markets. Curtiss-Wright operates through three segments: Commercial/Industrial, Defense, and Energy. The Commercial segment offers products/services that include surface technology services such as shot peening, laser peening, coatings and advanced surface analytics; industrial products such as electronic throttle control devices and transmission shifters; electro-mechanical actuation control components, and utility systems used on aircraft. The Defense segment produces embedded computing board level modules, integrated subsystems, turret aiming and stabilization products, and weapons handling systems. The Energy segment produces a wide range of hardware, pumps, valves, pressure vessels, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing technologies for nuclear power plants and nuclear equipment manufacturers. Curtiss-Wright was founded in 1929 and is based in Davidson, North Carolina.

DEAL STATS #
Overall 31 of 59
Sector (Machinery) 7 of 10
Type (Add-on Acquisition) 15 of 41
State (Pennsylvania) 5 of 7
Country (United States) 23 of 41
Year (2009) 2 of 3
Size (of disclosed) 21 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-19 Nu-Torque

Redmond, Washington, United States

Nu-Torque, Inc. is a designer and manufacturer of electric and hydraulic valve actuation and control devices primarily for U.S. Navy ships. Nu-Torque products are for valve automation of shipboard fluid systems, such as fire main, ballast and various safety systems on numerous categories of Navy combatant ships.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-21 Skyquest Systems

Basildon, United Kingdom

Skyquest Systems Ltd. is a supplier of aircraft video displays, recorders, and video/radar converters for surveillance aircraft applications in the aerospace and defense markets. Skyquest's advanced display and recorder technology supports demanding airborne surveillance missions with proven reliability in harsh environments. Skyquest products include the Video Management System (VMS), which provides fully integrated systems that enable observers and pilots to independently select, view and record the images they need simply and with maximum fidelity.

Buy £10M
Mergr

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