M&A Deal Summary |
|
|---|---|
| Date | 1997-06-09 |
| Target | Prestone Products |
| Sector | Chemicals |
| Buyer(s) | Honeywell |
| Sellers(s) | Vestar Capital Partners |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1885 |
| Sector | Diversified |
| Employees | 95,000 |
| Revenue | 36.7B USD (2023) |
Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 84 |
| Sector (Chemicals) | 1 of 3 |
| Type (Add-on Acquisition) | 2 of 64 |
| State (Connecticut) | 1 of 2 |
| Country (United States) | 3 of 56 |
| Year (1997) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1997-06-09 |
AlliedSignal Aerospace
Mishawaka, Indiana, United States AlliedSignal Aerospace manufactures and markets aircraft engines, equipments, and systems. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-06-07 |
Honeywell
Minneapolis, Minnesota, United States Honeywell Inc. was a former manufacturer of electronic controls. In 1999, Allied Signal acquired Honeywell and changed the name of the combined company to Honeywell International. |
Buy | $13.8B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 11.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 66 |
| Sector (Chemicals) | 1 of 3 |
| Type (Add-on Acquisition) | 1 of 28 |
| State (Connecticut) | 1 of 3 |
| Country (United States) | 7 of 53 |
| Year (1997) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1997-05-01 |
Advanced Organics
Sandusky, Ohio, United States Advanced Organics, Inc., is an organic waste recycling company that collects organic materials such as bakery and cereal waste and converts them into bakery feed, a corn substitute sold to the animal feed market. The Company is headquartered in Upper Sandusky, OH. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1997-09-01 |
Sun Apparel
El Paso, Texas, United States Sun Apparel, Inc., designs, manufactures, and distributes jeans wear, sportswear, and related apparel for men, women, and children in the United States. |
Buy | - |
