M&A Deal Summary

Dearborn Crane & Engineering Co. Acquires NAI Cranes

On April 17, 2015, Dearborn Crane & Engineering Co. acquired machinery company NAI Cranes from Tonka Bay Equity Partners and Boulder Brook Partners

Acquisition Highlights
  • This is Dearborn Crane & Engineering Co.’s 1st transaction in the Machinery sector.
  • This is Dearborn Crane & Engineering Co.’s 1st transaction in the United States.
  • This is Dearborn Crane & Engineering Co.’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2015-04-17
Target NAI Cranes
Sector Machinery
Buyer(s) Dearborn Crane & Engineering Co.
Sellers(s) Tonka Bay Equity Partners
Boulder Brook Partners
Deal Type Add-on Acquisition

Target

NAI Cranes

Woburn, Massachusetts, United States
NAI Cranes LLC is a manufacturer of industrial cranes (overhead cranes). Products include bridge cranes, gantry cranes, monorails, jib cranes, and custom-engineered systems with capacities up to 150 tons and spans up to 150 ft. NAI Cranes was formed in 1969 and is based in Woburn, Massachusetts.

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Buyer(S) 1

Buyer

Dearborn Crane & Engineering Co.

Mishawaka, Indiana, United States

Category Company
Founded 1947
Sector Machinery
DESCRIPTION

Dearborn Overhead Crane is a provider of cranes, hoists and crane support devices.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 2

SELLER

Tonka Bay Equity Partners

Minnetonka, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tonka Bay Equity Partners is a Midwest US-based private equity firm that targets control and non-control investments in manufacturing, business services, and value-added distribution companies with at least $2 million of EBITDA. Tonka Bay will consider a variety of transaction situations, including management buyouts, shareholder liquidity events, recapitalizations, and expansions. Tonka Bay Equity Partners was formed in 1998 and is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 12 of 24
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 12
State: Massachusetts M&A 2 of 2
Country: United States M&A 12 of 24
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-06 NuSource

Eden Prairie, Minnesota, United States

NuSource provides technology, security, and managed service solutions to financial institutions, specializing in branch transformation, ATM and ITM deployment, and physical and electronic security systems. The Company serves banks and credit unions across the United States, integrating technology to improve operational efficiency and customer experience. NuSource was founded in 1999 and is headquartered in Eden Prairie, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 Sierra Performance Coatings

Minnetonka, Minnesota, United States

Sierra Performance Coatings is a manufacturer of custom industrial coatings, sealants, and paints. The company focuses on the research, development, and custom manufacturing of industrial coatings for a variety of different end markets and commercial applications. Sierra Performance Coatings is based in Minnetonka, Minnesota.

Buy -
SELLER

Boulder Brook Partners

Acton, Massachusetts, United States

Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Focused
DESCRIPTION

Boulder Brook Partners LLC is a private investment firm focused on acquiring businesses headquartered primarily in the Northeast US. It targets middle market companies with revenue of $5 - $100 million, and cash flows over $1 million. Specific areas of interest include manufacturing, distribution and consumer services. Type of transactions include MBO’s, MBI’s and recapitalizations. Boulder Brook Partners LLC was formed in 2004 and is based in Acton, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-06 NAI Cranes

Woburn, Massachusetts, United States

NAI Cranes LLC is a manufacturer of industrial cranes (overhead cranes). Products include bridge cranes, gantry cranes, monorails, jib cranes, and custom-engineered systems with capacities up to 150 tons and spans up to 150 ft. NAI Cranes was formed in 1969 and is based in Woburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Millstone Medical Outsourcing

Fall River, Massachusetts, United States

Millstone Medical Outsourcing is a provider of outsourcing solutions to medical device OEMs, including contract packaging services alongside innovative warehousing and distribution services. Millstone Medical Outsourcing was founded in 2000 and is based in Fall River, Massachusetts.

Sell -