M&A Deal Summary

Dover Acquires Avborne Accessory Group

On January 18, 2005, Dover acquired aerospace company Avborne Accessory Group from Farragut Capital Partners

Acquisition Highlights
  • This is Dover’s 2nd transaction in the Aerospace sector.
  • This is Dover’s 14th transaction in the United States.
  • This is Dover’s 3rd transaction in Florida.

M&A Deal Summary

Date 2005-01-18
Target Avborne Accessory Group
Sector Aerospace
Buyer(s) Dover
Sellers(s) Farragut Capital Partners
Deal Type Add-on Acquisition

Target

Avborne Accessory Group

Miami, Florida, United States
AAR is a provider of diverse products and services to the worldwide commercial aviation and government/defense industries. AAR combines a close-to-the-customer business model with a broad range of capabilities to help customers operate more efficiently, lower costs and maintain high levels of quality, safety and service.

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Buyer(S) 1

Buyer

Dover

Downers Grove, Illinois, United States

Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.


DEAL STATS #
Overall 16 of 58
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 15 of 54
State (Florida) 3 of 5
Country (United States) 14 of 40
Year (2005) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-04 Datamax-O Neil

Orlando, Florida, United States

Datamax-O'Neil is a manufacturer of fixed and mobile printers used in a variety of retail, warehouse and distribution, and health care applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-13 Hydratight Sweeney

Birmingham, United Kingdom

Hydratight Sweeney is a manufacturer and delivers bolting products and services to the oil & gas, power generation, industrial, and other end-user markets.

Sell $93M

Seller(S) 1

SELLER

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 7 of 25
Sector (Aerospace) 2 of 3
Type (Add-on Acquisition) 3 of 11
State (Florida) 1 of 1
Country (United States) 7 of 25
Year (2005) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-30 Comex Group

Lone Tree, Colorado, United States

Comex Group, Inc. engages in the manufacture and distribution of architectural paints and coatings in the North America.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Housecall Medical Resources

Atlanta, Georgia, United States

Housecall Medical Resources, Inc., develops into a multi-service-line home healthcare platform with strong geographic coverage in Tennessee and Florida, particularly in their rural markets. Housecall employed approximately 3,000 full and part time, largely female staff and served primarily elderly patients covered under the Medicare and Medicaid benefits.

Sell $106M