M&A Deal Summary

Dover Acquires US Synthetic

On August 31, 2004, Dover acquired manufacturer US Synthetic from Bain Capital Private Equity

Acquisition Highlights
  • This is Dover’s 5th transaction in the Manufacturing sector.
  • This is Dover’s 12th transaction in the United States.
  • This is Dover’s 1st transaction in Utah.

M&A Deal Summary
Date 2004-08-31
Target US Synthetic
Sector Manufacturing
Buyer(s) Dover
Sellers(s) Bain Capital Private Equity
Deal Type Add-on Acquisition

Target

US Synthetic

Orem, Utah, United States
The world's largest independent manufacturer of synthetic diamonds used in oil and gas drill bits.

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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 13 of 58
Sector (Manufacturing) 5 of 17
Type (Add-on Acquisition) 12 of 54
State (Utah) 1 of 1
Country (United States) 12 of 40
Year (2004) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Warn Industries

Clackamas, Oregon, United States

Warn Industries, Inc. is a designer, manufacturer and marketer of high performance vehicle equipment and accessories for light trucks, four-wheel drive recreational vehicles, and all-terrain vehicles.

Buy $325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-17 DE-STA-

Auburn Hills, Michigan, United States

DE-STA-Co., a Dover Company, is a leader in the innovation, design, manufacture and support of clamping, gripping, transfer and robotic tooling solutions for workplace and industrial automation needs.

Sell -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 12 of 147
Sector (Manufacturing) 3 of 5
Type (Add-on Acquisition) 5 of 40
State (Utah) 1 of 2
Country (United States) 12 of 85
Year (2004) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-02 Duane Reade

New York, New York, United States

Duane Reade, Inc. is a chain of pharmacy and convenience stores.

Sell $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Dollarama

Mount Royal, Quebec, Canada

Dollarama is a dollar store chain own and operates over 330 stores in six provinces. The Company's stores offer a wide assortment of quality everyday merchandise at a fixed price point of $1.00. Dollarama was incorporated in 1992 and is based in Mount Royal, Canada.

Buy -
Mergr

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