M&A Deal Summary

Graco Acquires High Pressure Equipment

On January 2, 2015, Graco acquired machinery company High Pressure Equipment from EagleTree Capital for 160M USD

Acquisition Highlights
  • This is Graco’s 8th transaction in the Machinery sector.
  • This is Graco’s 3rd largest (disclosed) transaction.
  • This is Graco’s 6th transaction in the United States.
  • This is Graco’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2015-01-02
Target High Pressure Equipment
Sector Machinery
Buyer(s) Graco
Sellers(s) EagleTree Capital
Deal Type Add-on Acquisition
Deal Value 160M USD
Advisor(s) Houlihan Lokey (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

High Pressure Equipment

Erie, Pennsylvania, United States
High Pressure Equipment Co. is a manufacturer of mission critical valves, fittings, tubing and accessories for use in high pressure applications. High Pressure offer a family of reactors and pressure vessels, as well as pumping systems and pressure boosters.

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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 9 of 11
Sector (Machinery) 8 of 10
Type (Add-on Acquisition) 5 of 7
State (Pennsylvania) 1 of 1
Country (United States) 6 of 7
Year (2015) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 GEOBLASTER

Dunnville, Ontario, Canada

GEOBLASTER, Inc. is a manufacturer of wet abrasive blasting equipment for coating removal and surface preparation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 SMITH Manufacturing

Pompano Beach, Florida, United States

SMITH Manufacturing Co. is a makes and sells scarifying equipment for both interior and exterior surface preparation. SMITH Manufacturing was founded in 1990 and is based in Pompano Beach, Florida.

Buy -

Seller(S) 1

SELLER

EagleTree Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.


DEAL STATS #
Overall 18 of 25
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 8 of 13
State (Pennsylvania) 2 of 2
Country (United States) 16 of 23
Year (2015) 1 of 2
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 So Delicious Dairy Free

Eugene, Oregon, United States

So Delicious Dairy Free is a provider of consumers with the broadest selection of delicious alternatives to dairy-based foods and beverages. So Delicious Dairy Free products are proud to offer truly delicious solutions across numerous categories for people with special dietary needs and desires.

Sell $195M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Paris Presents

Gurnee, Illinois, United States

Paris Presents, Inc. creates and distributes beauty products and personal care accessories to mass merchants, drug stores, specialty beauty stores, and online retailers. Its comprehensive portfolio includes brands that are eco-conscious, digitally savvy, provide strong beauty education and deliver superior performance to a loyal consumer following. Its #1 cosmetics accessories brands are Real Techniques©, maker of the #1 brand in cosmetic sponges; EcoTools©, cosmetics and bath accessories; Body Benefits by Body Image©, # 1 player in bath accessories as well as retailer brands. Company Founded in 1947 and Headquartered in Gurnee, Illinois.

Buy -