M&A Deal Summary

Gen Cap America Acquires Canfield Technologies

On August 17, 2015, private equity firm Gen Cap America acquired machinery company Canfield Technologies from SKF for 23M USD

Acquisition Highlights
  • This is Gen Cap America’s 4th transaction in the Machinery sector.
  • This is Gen Cap America’s largest (disclosed) transaction.
  • This is Gen Cap America’s 39th transaction in the United States.
  • This is Gen Cap America’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2015-08-17
Target Canfield Technologies
Sector Machinery
Buyer(s) Gen Cap America
Sellers(s) SKF
Deal Type Divestiture
Deal Value 23M USD

Target

Canfield Technologies

Sayreville, New Jersey, United States
Canfield Technologies is a manufacturer of solder, pastes and preforms for metal joining, used in the electronics, plumbing and jewellery industries. The Company’s products include fluxes, pastes, alloys and preforms, among others. Canfield sells to customers in a variety of end markets, including plumbing, electronics, stained glass, metal plating, and transportation. Canfield Technologies was founded in 1844 and is based in Sayreville, New Jersey.

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Buyer(S) 1

Buyer

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $10 to $200 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 40 of 57
Sector (Machinery) 4 of 5
Type (Divestiture) 4 of 6
State (New Jersey) 1 of 1
Country (United States) 39 of 56
Year (2015) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Calling All Ships

Miami, Florida, United States

Calling All Ships is a distributor of health and beauty aids, candy, and sundry products to the cruise line industry and other hospitality industries. Calling All Ships was founded in 1986 and is based in Miami, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 L.W. Allen

Madison, Wisconsin, United States

L.W. Allen manufactures water and wastewater control systems and distributes industrial and heavy-duty pumps to municipal and industrial customers. The company’s electrical control solutions, marketed under the Altronex brand name, provide the hardware, software, and services used by operators to control water and wastewater systems. It also designs, distributes, installs, and services water and wastewater treatment pump systems. L.W. Allen was formed in 1961 and is based in Madison, Wisconsin.

Buy -

Seller(S) 1

SELLER

SKF

Gothenburg, Sweden

Category Company
Founded 1907
Sector Machinery
Employees41,433
Revenue 103.9B SEK (2023)
DESCRIPTION

SKF focused on growth in the areas of technology, industrial experience, and worldwide presence. Simply put, the combination of these three areas is the powerful source of knowledge that makes our uniquely wide range of capabilities possible. SKF was founded in 1907 and is headquartered in Gothenburg, Sweden.


DEAL STATS #
Overall 2 of 5
Sector (Machinery) 2 of 2
Type (Divestiture) 2 of 5
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-10 GLOi AB

Molndal, Sweden

GLOi AB is an alignment technology solutions company. GLOi has developed and launched an integrated shaft alignment solution based on the iOS software platform used by iPads and iPhones.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-17 Fly-By-Wire Systems France SAS

Saint-Vallier, France

Fly-By-Wire Systems France SAS designs and manufactures cockpit controls, sensors, dampers and electromechanical actuators primarily for fly-by-wire systems on commercial fixed-wing aircraft. FbW was a pioneer in this field as it collaborated with Airbus for its first introduction of fly-by-wire technology on the A320 commercial jetliner.

Sell -