M&A Deal Summary

Handy & Harman Acquires Hamilton Sundstrand - ElectroMagnetic Enterprise

On October 3, 2016, Handy & Harman acquired electrical equipment company Hamilton Sundstrand - ElectroMagnetic Enterprise from Hamilton Sundstrand for 65M USD

Acquisition Highlights
  • This is Handy & Harman’s 2nd transaction in the Electrical Equipment sector.
  • This is Handy & Harman’s largest (disclosed) transaction.
  • This is Handy & Harman’s 3rd transaction in the United States.
  • This is Handy & Harman’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2016-10-03
Target Hamilton Sundstrand - ElectroMagnetic Enterprise
Sector Electrical Equipment
Buyer(s) Handy & Harman
Sellers(s) Hamilton Sundstrand
Deal Type Divestiture
Deal Value 65M USD

Target

Hamilton Sundstrand - ElectroMagnetic Enterprise

06096, Connecticut, United States
Hamilton Sundstrand Corp. - ElectroMagnetic Enterprise designs, manufactures and assembles complex, custom engineered electric motors and generators, including a wide range of customized electromagnetic products with high efficiencies and high power densities that provide unique, turnkey solutions for a blue-chip industrial customer base.

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Buyer(S) 1

Buyer

Handy & Harman

White Plains, New York, United States
Category Company
Founded 1852
Sector Manufacturing
Employees2,125
Revenue 649M USD (2015)
DESCRIPTION

Handy & Harman Ltd. is a diversified global industrial company delivering value through innovation, operating excellence, and superior customer service. Company manufactures and sells engineered niche industrial products in the United States and internationally.

DEAL STATS #
Overall 3 of 3
Sector (Electrical Equipment) 2 of 2
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 3 of 3
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-07 SL Industries

Mount Laurel, New Jersey, United States

SL Industries, Inc. is a designer, manufacturer and marketer of power electronics, motion control, power protection, power quality electromagnetic equipment, and custom gears and gearboxes that are used in a variety of medical, commercial and military aerospace, computer, datacom, industrial, architectural and entertainment lighting, and telecom applications.

Buy -

Seller(S) 1

SELLER

Hamilton Sundstrand

Windsor Locks, Connecticut, United States
Category Company
Sector Aerospace
DESCRIPTION

Hamilton Sundstrand Corp. is a manufacturer and marketer of aerospace parts to aviation industry. Hamiltion is headquartered in Connecticut, US.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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