M&A Deal Summary |
|
|---|---|
| Date | 2008-05-16 |
| Target | Norcross Safety Products |
| Sector | Safety/Security |
| Buyer(s) | Honeywell |
| Sellers(s) |
Odyssey Investment Partners
Bratenahl Capital Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.2B USD |
| Advisor(s) | Credit Suisse Investment Banking (Financial) Kirkland & Ellis (Legal) |
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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 | 41 of 84 |
| Sector (Safety/Security) | 1 of 5 |
| Type (Add-on Acquisition) | 31 of 64 |
| State (Rhode Island) | 1 of 1 |
| Country (United States) | 28 of 56 |
| Year (2008) | 3 of 5 |
| Size (of disclosed) | 11 of 34 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-04-28 |
Metrologic Instruments
Blackwood, New Jersey, United States Metrologic Instruments, Inc. is a supplier of choice for data capture and collection hardware and software. The company uses its expertise to design, manufacture and market sophisticated imaging and scanning solutions serving a variety of retail, commercial and industrial applications. Metrologic offers 1D and 2D bar code reading, optical character recognition and image lift capabilities and has been delivering innovative, quality products that are cost effective, reliable and supported by the highest level of personal service for nearly 40 years. |
Buy | $720M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-06-03 |
Intelligent Automation
Poway, California, United States Intelligent Automation Corp. is a supplier of helicopter on-board diagnostic systems used in both military and commercial aircraft. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 8.2B USD |
| Size | Mega |
| Type | Sector Agnostic |
Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 35 |
| Sector (Safety/Security) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 7 |
| State (Rhode Island) | 1 of 1 |
| Country (United States) | 12 of 34 |
| Year (2008) | 1 of 1 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-03 |
Ranpak
Concord Township, Ohio, United States Ranpak manufactures paper-based systems for protective packaging needs including cushioning, void-fill and wrapping applications. Ranpak's goal was to create the first environmentally responsible system to effectively protect products during shipment. The development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in e-commerce and industrial supply chain solutions. Ranpak was founded in 1972 and is based in Concord Township, Ohio. |
Buy | $77M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-09-25 |
EAG Laboratories
San Diego, California, United States EAG Laboratories is a North American provider of advanced chemical testing services for pesticides, industrial and household chemicals. It provides end-to-end support for e-fate, metabolism, eco-toxicology and residue studies required for pesticide and chemical regulatory testing to support global registration requirements. |
Buy | - |
| Category | Family Office |
|---|---|
| Founded | 2003 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Bratenahl Capital Partners is a family-backed private investment group focused on fund as well as direct/co-investment opportunities. The Firm's direct investment practice seeks to commit $500K to $15 million in partnership with other funded or unfunded sponsors. Bratenahl does not have any sector preferences, but does prefer companies with diversified customers and experienced management in place. Bratenahl Capital Partners was formed in 2003 and is headquartered in Cleveland, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 27 |
| Sector (Safety/Security) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 13 |
| State (Rhode Island) | 1 of 1 |
| Country (United States) | 4 of 23 |
| Year (2008) | 2 of 2 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-03 |
Ranpak
Concord Township, Ohio, United States Ranpak manufactures paper-based systems for protective packaging needs including cushioning, void-fill and wrapping applications. Ranpak's goal was to create the first environmentally responsible system to effectively protect products during shipment. The development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in e-commerce and industrial supply chain solutions. Ranpak was founded in 1972 and is based in Concord Township, Ohio. |
Buy | $77M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-05-07 |
Advanced Hydro Solutions
Beachwood, Ohio, United States Advanced Hydro Solutions LLC is a developer of hydroelectric projects focusing on reservoir dams. Advanced Hydro Solutions is based in Beachwood, Ohio. |
Buy | - |
