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  6. Hilti Acquires Unirac

M&A Deal Summary

Hilti Acquires Unirac

On May 1, 2010, Hilti acquired manufacturer Unirac from Global Environment Fund

Acquisition Highlights
  • This is Hilti’s 1st transaction in the Manufacturing sector.
  • This is Hilti’s 1st transaction in the United States.
  • This is Hilti’s 1st transaction in New Mexico.
Investment Fate
  • Unirac was divested to a consortium of buyers in 2016.
  • Unirac was recapitalized in 2022.

M&A Deal Summary
Date 2010-05-01
Target Unirac
Sector Manufacturing
Buyer(s) Hilti
Sellers(s) Global Environment Fund
Deal Type Add-on Acquisition

Target

Unirac

Albuquerque, New Mexico, United States
Unirac is a manufacturer of PV mounting systems for the US residential and C&I markets. It also provides value-added services, including plan set design, permitting and stamping. Unirac was founded in 1998 and is based in Albuquerque, New Mexico.

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Buyer(S) 1

Buyer

Hilti

Tulsa, Oklahoma, United States
Category Company
Founded 1941
Sector Machinery
DESCRIPTION

Hilti, Inc. is a manufacturer of drilling and demolition machinery for construction industry.

DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Mexico M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-25 Unirac

Albuquerque, New Mexico, United States

Unirac is a manufacturer of PV mounting systems for the US residential and C&I markets. It also provides value-added services, including plan set design, permitting and stamping. Unirac was founded in 1998 and is based in Albuquerque, New Mexico.

Sell -

Seller(S) 1

SELLER

Global Environment Fund

Bethesda, Maryland, United States

Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Global Environment Fund (GEF) is a global alternative asset manager dedicated to the energy, environmental, and natural resources sectors. Global Environment Fund was formed in 1990 and is based in Chevy Case, Maryland.

DEAL STATS #
Overall 7 of 23
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 4 of 11
State: New Mexico M&A 1 of 1
Country: United States M&A 4 of 13
Year: 2010 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 UPC Renewables

Hong Kong, China

UPC Renewables is an independent renewable energy producer focusing on wind energy development. UPC Renewables was founded in 2006 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-26 Reva Electric Car Co.

Bengaluru, India

Reva Electric Car Co. is a manufactures electric vehicles for the Indian and European markets. The cars offer maneuverability in cities with small roads and congested traffic, as well as quiet and clean operation, with low energy requirements.

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