M&A Deal Summary

Curtiss-Wright Acquires The Phonix/Strack Group

On January 14, 2013, Curtiss-Wright acquired machinery company The Phonix/Strack Group from Ardian for 106M USD

Acquisition Highlights
  • This is Curtiss-Wright’s 10th transaction in the Machinery sector.
  • This is Curtiss-Wright’s 8th largest (disclosed) transaction.
  • This is Curtiss-Wright’s 1st transaction in Germany.

M&A Deal Summary

Date 2013-01-14
Target The Phonix/Strack Group
Sector Machinery
Buyer(s) Curtiss-Wright
Sellers(s) Ardian
Deal Type Add-on Acquisition
Deal Value 106M USD

Target

The Phonix/Strack Group

Volkmarsen, Germany
The Phönix/Strack Group is a designer and manufacturer of high performance, severe-service valves, valve systems and related support services to the global chemical, petrochemical and power (both conventional and nuclear) markets.

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Buyer(S) 1

Buyer

Curtiss-Wright

Davidson, North Carolina, United States

Category Company
Founded 1929
Sector Diversified
Employees8,600
Revenue 3.1B USD (2024)
DESCRIPTION

Curtiss-Wright is a global company that delivers engineered, critical-function products and services to the commercial, defense, energy, and industrial markets. The company 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 46 of 60
Sector: Machinery M&A 10 of 10
Type: Add-on Acquisition M&A Deals 28 of 42
Country: Germany M&A 1 of 1
Year: 2013 M&A 3 of 5
Size (of disclosed) 8 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-03 F.W. Gartner Thermal Spraying

Houston, Texas, United States

F.W. Gartner Thermal Spraying Ltd. is a provider of wear and abrasion resistant coatings for energy and power generation applications. Gartner has been a pioneer in the application of thermal spray protective coatings that extend the life of severe service industrial components. Gartner also provides laser cladding, precision weld repair and machining/finishing services to complement its thermal spray coating capabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Parvus

Salt Lake City, Utah, United States

Parvus is a designer and manufacturer of open standard-based modules and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) applications in the defense market and various applications in the aerospace, homeland security and general industrial markets.

Buy $38M

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 61 of 248
Sector: Machinery M&A 1 of 5
Type: Add-on Acquisition M&A Deals 18 of 63
Country: Germany M&A 7 of 21
Year: 2013 M&A 1 of 22
Size (of disclosed) 32 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-07 HSE

Fiumicino, Italy

HSE is a home shopping TV network that reaches viewers in Germany, Austria, Switzerland, Italy, and Russia. HSE was founded in 2010 and is based in Fiumicino, Italy.

Sell €650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-18 GOTO Software SA

Hem, France

GOTO Software is a publisher of Internet software for both private and business customers. The company grew strongly, thanks to its anti-spam Vaderetro as well as to its Sarbacane emailing solution.

Sell -