Investment Summary

Curtiss-Wright and Barnes Group Invest In Teledyne Fluid Systems

On January 1, 1999, Curtiss-Wright and Barnes Group invested in manufacturer Teledyne Fluid Systems from ATI

Investment Highlights
  • This is Curtiss-Wright’s 1st and Barnes Group’s 1st transaction in the Manufacturing sector.
  • This is Curtiss-Wright’s 1st and Barnes Group’s 1st transaction in the United States.
  • This is Curtiss-Wright’s 1st and Barnes Group’s 1st transaction in Ohio.

Investment Summary

Date 1999-01-01
Target Teledyne Fluid Systems
Sector Manufacturing
Investor(s) Curtiss-Wright
Barnes Group
Sellers(s) ATI
Deal Type Stake Purchase

Target

Teledyne Fluid Systems

Cleveland, Ohio, United States
Teledyne Fluid Systems, is a manufacturer of nitrogen gas springs, pressure relief valves and a variety of pumps for the metal forming, processing and industrial markets.

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Investor(S) 2

Investor

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 1 of 60
Sector: Manufacturing M&A 1 of 7
Type: Stake Purchase M&A Deals 1 of 1
State: Ohio M&A 1 of 2
Country: United States M&A 1 of 41
Year: 1999 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-01 Lau Defense Systems

United States

Lau Defense Systems and its Vista Controls operation build rugged, high-reliability electronic control systems primarily for military applications.

Buy -
Investor

Barnes Group

Bristol, Connecticut, United States

Category Company
Founded 1857
Sector Manufacturing
Employees6,500
Revenue 1.5B USD (2023)
DESCRIPTION

Barnes Group is an international aerospace and industrial manufacturing and service provider, serving a wide range of end markets and customers. The products and services provided by Barnes Group are used in far-reaching applications that provide transportation, communication, manufacturing and technology to the world. Barnes Group was incorporated in 1857 and is based in Bristol, Connecticut.


DEAL STATS #
Overall 1 of 22
Sector: Manufacturing M&A 1 of 4
Type: Stake Purchase M&A Deals 1 of 1
State: Ohio M&A 1 of 3
Country: United States M&A 1 of 9
Year: 1999 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-11 Curtis Industries

Mayfield Heights, Ohio, United States

Curtis Industries, Inc., is a distributor of maintenance, repair and operating (MRO) supplies and high quality security products.

Buy -

Seller(S) 1

SELLER

ATI

Dallas, Texas, United States

Category Company
Founded 1996
Sector Metals/Mining
Employees7,700
Revenue 4.4B USD (2024)
DESCRIPTION

ATI is a diversified specialty materials and components producer. The Company's markets include aerospace and defense, oil and gas/chemical process, electrical energy, medical, automotive, food equipment and appliance, and construction and mining. ATI's products include titanium and titanium alloys, nickel-based alloys and superalloys, engineered forgings and castings, zirconium, hafnium, niobium alloys, grain-oriented electrical steel, and stainless and specialty steels. ATI was incorporated in 1996 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 7
Sector: Manufacturing M&A 1 of 3
Type: Stake Purchase M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 6
Year: 1999 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-19 McCormick Selph

Hollister, California, United States

McCormick Selph Ordnance is a manufacturer of pyrotechnic components and systems for the aerospace, automotive, and general industrial markets.

Sell -