M&A Deal Summary

Hardinge Acquires Bridgeport Machines

On November 3, 2004, Hardinge acquired machinery company Bridgeport Machines from American Capital

Acquisition Highlights
  • This is Hardinge’s 1st transaction in the Machinery sector.
  • This is Hardinge’s 1st transaction in the United States.
  • This is Hardinge’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2004-11-03
Target Bridgeport Machines
Sector Machinery
Buyer(s) Hardinge
Sellers(s) American Capital
Deal Type Add-on Acquisition

Target

Bridgeport Machines

Bridgeport, Connecticut, United States
Manufacturer of CNC machine tools.

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Buyer(S) 1

Buyer

Hardinge

Elmira, New York, United States

Category Company
Founded 1890
Sector Machinery
Employees1,496
Revenue 315M USD (2015)
DESCRIPTION

Hardinge is a global provider of high precision, computer-controlled machine tool solutions for critical, hard-to-machine metal parts and advanced workholding accessories. Hardinge offers a variety of metal cutting turning machines, grinding machines, machining centers, collets, chucks, index fixtures, repair parts, standard and specialty workholding devices, and other machine tool accessories to provide a full solution for your business needs. Hardinge’s solutions can be found in a broad base of industries including aerospace, agricultural, automotive, construction, consumer products, defense, energy, medical, technology and transportation. Hardinge is based in Berwyn, Pennsylvania.


DEAL STATS #
Overall 1 of 6
Sector: Machinery M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 4
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2004 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-27 Hardinge Taiwan Precision Machinery

Nan Tou City, Taiwan

Hardinge Taiwan Precision Machinery Ltd. is a designer and manufacturer of precision computer controlled metal-cutting turning, grinding and milling machines, and related accessories.

Buy -

Seller(S) 1

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 14 of 194
Sector: Machinery M&A 3 of 8
Type: Add-on Acquisition M&A Deals 6 of 87
State: Connecticut M&A 1 of 5
Country: United States M&A 14 of 186
Year: 2004 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Consolidated Utility Services

Omaha, Nebraska, United States

Consolidated Utility Services, Inc. is a provider of a full spectrum of utility damage prevention process services and solutions. CUS’s customers include companies in the utility (gas, electric, water, sewer), telecommunications and cable industries. CUS provides critical services that help customers manage cost and service risks associated with damage to their buried infrastructure caused by a broad range of excavation activity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-19 Hospitality Mints

Boone, North Carolina, United States

Hospitality Mints is a manufacturer of customized, individually-wrapped promotional mints and candies. The core product offering is the iconic, wrapped after-dinner mint that restaurants offer their customers. The company serves more than 10,000 customers across foodservice, retail, and ad specialty channels, reaching restaurants, hotels, resorts, businesses, events, and grocery and party store outlets.

Buy -