M&A Deal Summary

E. D. Etnyre & Co. Acquires Hendrick

On June 4, 2024, E. D. Etnyre & Co. acquired manufacturer Hendrick

Acquisition Highlights
  • This is E. D. Etnyre & Co.’s 1st transaction in the Manufacturing sector.
  • This is E. D. Etnyre & Co.’s 2nd transaction in the United States.
  • This is E. D. Etnyre & Co.’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2024-06-04
Target Hendrick
Sector Manufacturing
Buyer(s) E. D. Etnyre & Co.
Deal Type Add-on Acquisition
Advisor(s) XLCS Partners (Financial)

Target

Hendrick

Carbondale, Pennsylvania, United States
Hendrick manufactures perforated metal screens, serving the oil filtration and coal industries. The company expanded into other industrial screens, forming the Hendrick Screen division. With operating facilities in Carbondale, Pennsylvania, and Owensboro, Kentucky, Hendrick manufactures industrial perforated products, industrial wedge wire and profile bar screen products, and aesthetically pleasing architectural products for interior and exterior spaces. Hendrick was formed in 1876 and is based in Carbondale, Pennsylvania.

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Buyer(S) 1

Buyer

E. D. Etnyre & Co.

Oregon, Illinois, United States

Category Company
Founded 1898
Sector Automotive
DESCRIPTION

E. D. Etnyre & Co. manufactures a wide range of equipment that serves the asphalt roadbuilding industry, from asphalt distributors to chip spreaders and storage tanks to trailers. E. D. Etnyre & Co. was founded in 1989 and is based in Oregon, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 SMF

Minonk, Illinois, United States

SMF, Inc. specializes in medium to heavy gauge metal fabrications for OEMs in the heavy industrial engine and power generator, wind turbine, and mining and construction equipment markets. The Company provides laser cutting, forming, welding, machining, and finishing services for industrial engine and power generation, comprised of engine oil pans and engine bases, general fabrication for material handling, forestry, industrial components, construction, railroad, oil and gas, and wind tower embedment rings. SMF was founded in 1972 and is based in Minonk, Illinois.

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