M&A Deal Summary

EnPro Acquires Tara Technologies

On August 1, 2011, EnPro acquired machinery company Tara Technologies from Balmoral Funds

Acquisition Highlights
  • This is EnPro’s 2nd transaction in the Machinery sector.
  • This is EnPro’s 12th transaction in the United States.
  • This is EnPro’s 2nd transaction in Florida.

M&A Deal Summary
Date 2011-08-01
Target Tara Technologies
Sector Machinery
Buyer(s) EnPro
Sellers(s) Balmoral Funds
Deal Type Add-on Acquisition

Target

Tara Technologies

Daytona Beach, Florida, United States
Tara Technologies is a designer, tester and manufacturer of precision components and systems used in critical applications for leading global manufacturers in semiconductor, aerospace, military, energy and medical markets for 50+ years. Tara was a sole-supplier of critical parts to many of its customers, including Applied Materials.

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Buyer(S) 1

Buyer

EnPro

Charlotte, North Carolina, United States
Category Company
Founded 2002
Sector Machinery
Employees3,500
Revenue 1.1B USD (2023)
DESCRIPTION

EnPro is a provider of sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products. EnPro was founded in 2002 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 16 of 26
Sector (Machinery) 2 of 5
Type (Add-on Acquisition) 16 of 25
State (Florida) 2 of 2
Country (United States) 12 of 20
Year (2011) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-24 Mid Western Machine Works

Calgary, Alberta, Canada

Mid Western Machine Works, Inc. provides a service and supply components for engines and reciprocating compressors used in the oil and gas drilling, production and processing industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-03 PI Bearing Technologies

Waukegan, Illinois, United States

PI Bearing Technologies, a privately held manufacturer of bearing blocks and other bearing products used in fluid power applications

Buy -

Seller(S) 1

SELLER

Balmoral Funds

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balmoral Funds is a private equity firm which targets recapitalizations, special situations, and acquisitions of small and middle-market companies. Typical investment candidates are located in the US or Canada, undergoing operational challenges with up to $400 million of revenue. Sectors of interest include manufacturing, business services, consumer products, retail, and value-added distribution. The Firm's target investment size is $5 to $40 million. Balmoral Funds was established in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 2 of 9
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 1 of 5
State (Florida) 1 of 3
Country (United States) 2 of 9
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-21 GlobalOptions Services

Orlando, Florida, United States

GlobalOptions Services, Inc. is a provider of investigation service

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-15 Dispatch Transportation

Fontana, California, United States

Dispatch is a provider of materials management, transportation and logistics services. The company provides a comprehensive suite of asset-light construction and transportation services, including the provision and removal of structural fill materials (soils), equipment leasing, site loading, heavy equipment operations and transportation, site management, inter-plant transportation, short haul trucking, and aggregate sales. Dispatch Transportation was founded in 1953 and is headquartered in Fontana, California

Buy -
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