M&A Deal Summary

Ditch Witch Acquires American Augers

On November 1, 2012, Ditch Witch acquired machinery company American Augers from Astec Industries for 55M USD

Acquisition Highlights
  • This is Ditch Witch’s 1st transaction in the Machinery sector.
  • This is Ditch Witch’s largest (disclosed) transaction.
  • This is Ditch Witch’s 1st transaction in the United States.
  • This is Ditch Witch’s 1st transaction in Ohio.

M&A Deal Summary
Date 2012-11-01
Target American Augers
Sector Machinery
Buyer(s) Ditch Witch
Sellers(s) Astec Industries
Deal Type Divestiture
Deal Value 55M USD

Target

American Augers

West Salem, Ohio, United States
American Augers, Inc. is a manufacturer of state-of-the-art auger boring machines, directional drills and fluid/mud systems used in the "underground construction" or "trenchless" market.

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Buyer(S) 1

Buyer

Ditch Witch

Perry, Oklahoma, United States
Category Company
Founded 1902
Sector Machinery
Revenue 725M USD (2018)
DESCRIPTION

The Charles Machine Works, Inc. is a manufacturer of small-to-medium horizontal directional drilling rigs (from 5,000 to 100,000 pounds of pullback force), walk-behind and rubber-tire trenchers and plows, underground electronics, vacuum excavators and compact utility equipment. The Charles Machine Works, Inc. was founded in 1902 and is based in Perry, Oklahoma.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Astec Industries

Chattanooga, Tennessee, United States
Category Company
Founded 1972
Sector Machinery
Employees4,322
Revenue 1.3B USD (2023)
DESCRIPTION

Astec Industries is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; and wood processing. Astec Industries was founded in 1972 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 2 of 2
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2012) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-10 Astec Underground

Loudon, Tennessee, United States

Astec Underground, Inc. is a provider of vibratory plows, trenchers and horizontal directional drills for the underground utilities market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Telestack

Omagh, Ireland

Telestack Ltd., specializes in the complete in-house design, manufacture, installation and commissioning of a complete line of material handling systems used extensively in the port, aggregate and mining industries.

Buy $36M
Mergr

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