M&A Deal Summary

Drill Masters Acquires Eldorado s Tooling Business

On January 1, 2002, Drill Masters acquired manufacturer Eldorado s Tooling Business from Precision Castparts

Acquisition Highlights
  • This is Drill Masters’ 1st transaction in the Manufacturing sector.
  • This is Drill Masters’ 1st transaction in the United States.

M&A Deal Summary

Date 2002-01-01
Target Eldorado s Tooling Business
Sector Manufacturing
Buyer(s) Drill Masters
Sellers(s) Precision Castparts
Deal Type Divestiture

Target

Eldorado s Tooling Business

United States
Eldorado's Tooling Business is a designer and manufacturer of gundrilling machines and tools for a variety of metalworking industries.

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Buyer(S) 1

Buyer

Drill Masters

Conroe, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Drill Master is committed to technology, reliability and service.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2002 M&A 1 of 1

Seller(S) 1

SELLER

Precision Castparts

Portland, Oregon, United States

Category Company
Founded 1949
Sector Manufacturing
Employees29,900
Revenue 10.0B USD (2015)
DESCRIPTION

Precision Castparts is a manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. Precision Castparts was formed in 1953 and is headquartered in Portland, Oregon.


DEAL STATS #
Overall 3 of 5
Sector: Manufacturing M&A 1 of 2
Type: Divestiture M&A Deals 3 of 5
Country: United States M&A 3 of 5
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Water Specialties

Porterville, California, United States

Water Specialties Corporation is a producer of flow measurement and control equipment for the municipal water/wastewater, irrigation and industrial water/wastewater markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-18 SPS Technologies

Jenkintown, Pennsylvania, United States

SPS Technologies, quality, experience, innovation, and customer support are the key ingredients to success - yours, and ours. As a leading developer, manufacturer and global supplier of the most comprehensive line of aerospace fasteners and precision components, we’re here to help you succeed by providing innovative, high quality products, unrivaled customer support and a thorough understanding of your needs.

Buy $575M