M&A Deal Summary

Graco Acquires Graco - Finishing Equipment Business

On April 14, 2011, Graco acquired machinery company Graco - Finishing Equipment Business from ITW for 650M USD

Acquisition Highlights
  • This is Graco’s 4th transaction in the Machinery sector.
  • This is Graco’s largest (disclosed) transaction.
  • This is Graco’s 3rd transaction in the United States.
  • This is Graco’s 1st transaction in Minnesota.
Investment Fate
  • Graco - Finishing Equipment Business was divested to a consortium of strategic buyers in 2014 for 590M USD.

M&A Deal Summary
Date 2011-04-14
Target Graco - Finishing Equipment Business
Sector Machinery
Buyer(s) Graco
Sellers(s) ITW
Deal Type Divestiture
Deal Value 650M USD

Target

Graco - Finishing Equipment Business

Minneapolis, Minnesota, United States
Graco's Liquid Finishing Business include development, manufacture of Binks® spray finishing equipment, DeVilbiss® spray guns and accessories, Ransburg® electrostatic equipment and accessories, and BGK curing technology.

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Buyer(S) 1

Buyer

Graco

Minneapolis, Minnesota, United States
Category Company
Founded 1926
Sector Machinery
Employees4,000
Revenue 2.2B USD (2023)
DESCRIPTION
Graco's corporate headquarters in Minneapolis, Minnesota.
Graco's corporate headquarters in Minneapolis, Minnesota.

Graco supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid materials. Graco was founded in 1926 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 4 of 11
Sector (Machinery) 4 of 10
Type (Divestiture) 4 of 4
State (Minnesota) 1 of 1
Country (United States) 3 of 7
Year (2011) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-28 GlasCraft

North Canton, Ohio, United States

GlasCraft, Inc., is a designer and manufacturer of equipment and technology for the dynamic plural component industries. GlasCraft produces a full line of metering, mixing and dispensing systems and aggressively pursues new product development, providing the industry with user friendly equipment that is compatible with current and evolving materials.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-12 EcoQuip

Chesapeake, Virginia, United States

EcoQuip, Inc., designs and produces eco-friendly abrasive blasting systems for coating removal and surface preparation.

Buy -

Seller(S) 1

SELLER

ITW

Glenview, Illinois, United States
Category Company
Founded 1912
Sector Manufacturing
Employees45,000
Revenue 16.1B USD (2023)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.

DEAL STATS #
Overall 5 of 14
Sector (Machinery) 1 of 2
Type (Divestiture) 5 of 13
State (Minnesota) 1 of 1
Country (United States) 4 of 12
Year (2011) 1 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-12 North Star Imaging

Rogers, Minnesota, United States

NSI develops technologies provides customers to advance innovation through the use of state-of-the-art computed tomography (“CT”) and digital radiography (“DR”) imaging systems. The company’s products, primarily marketed under the X-View™, ImagiX™ and eXpress-CT™ brands, utilize advanced methodologies to nondestructively produce images of objects with exceptional resolution and contrast.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-08 Teknek

Renfrew, United Kingdom

Teknek Ltd. a manufacturing solutions for the contact sheet cleaning and web cleaning solutions for the electronic and industrial markets.

Buy -
Mergr

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