M&A Deal Summary

Husqvarna Acquires Soff-Cut International

On June 5, 2007, Husqvarna acquired machinery company Soff-Cut International from American Capital and Westar Capital

Acquisition Highlights
  • This is Husqvarna’s 3rd transaction in the Machinery sector.
  • This is Husqvarna’s 3rd transaction in the United States.
  • This is Husqvarna’s 1st transaction in California.

M&A Deal Summary
Date 2007-06-05
Target Soff-Cut International
Sector Machinery
Buyer(s) Husqvarna
Sellers(s) American Capital
Westar Capital
Deal Type Add-on Acquisition

Target

Soff-Cut International

Corona, California, United States
Soff-Cut is the innovator and producer of early-entry concrete sawing equipment and replacement blades. Its products enable the concrete construction industry to greatly reduce or eliminate the early, random cracking of concrete slabs and flatwork.

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Buyer(S) 1

Buyer

Husqvarna

Stockholm, Sweden
Category Company
Founded 1689
Sector Machinery
Employees13,963
Revenue 53.3B SEK (2023)
DESCRIPTION

Husqvarna is a producer of outdoor power products including robotic mowers, garden tractors, chainsaws and trimmers. Husqvarna also produces consumer watering products as well as cutting equipment and diamond tools for the construction and stone industries. Husqvarna was founded in 1689 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 4 of 16
Sector (Machinery) 3 of 10
Type (Add-on Acquisition) 4 of 14
State (California) 1 of 1
Country (United States) 3 of 9
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-21 GARDENA Manufacturing

Ulm, Germany

GARDENA Manufacturing GmbH is a gardening equipment companies in Europe. Gardena manufactures garden irrigation equipment, garden care products as well as water pumps and pond products.

Buy €730M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Bluebird International

Denver, Colorado, United States

Bluebird International, Inc. is a manufacturer and distributor of landscape maintenance equipment.

Sell -

Seller(S) 2

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 66 of 194
Sector (Machinery) 7 of 8
Type (Add-on Acquisition) 36 of 87
State (California) 9 of 30
Country (United States) 65 of 186
Year (2007) 9 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-14 TransFirst

Hauppauge, New York, United States

TransFirst LLC is a provider of secure transaction processing services and payment enabling technologies.

Sell $683M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-06 Hillarys Blinds

Colwick, United Kingdom

Hillarys Blinds Ltd. is a provider of made-to-measure window blinds. Manufactures, sells, and delivers a full in-home measuring and fitting service. Hillarys Blinds was founded in 2001 and is based in Colwick, United Kingdom.

Buy €337M
SELLER

Westar Capital

Costa Mesa, California, United States
Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Westar Capital LLC was a private investment firm focused on acquiring established middle-market growth companies in partnership with management. Westar also sought to provide equity financing for corporate expansions, restructurings, acquisitions, and fund shareholder liquidity needs. Westar Capital LLC was established in 1987 and was based in Costa Mesa, California.

DEAL STATS #
Overall 8 of 12
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (California) 6 of 8
Country (United States) 8 of 12
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-15 Sterno Products

Corona, California, United States

Sterno Products is a provider of tabletop light and chafing fuel products segments of foodservice equipment industry. The Company has provided the foodservice industry with quality candle lamps, clear liquid wax, and high performance chafing fuels for over a quarter of a century. Sterno Products was established in 1997 and is based in Corona, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-13 Igloo Products

Katy, Texas, United States

Igloo Products designs, produces and distributes a wide and sophisticated assortment of branded hard and soft side coolers, beverage containers, outdoor products and related accessories. Igloo Products was founded in 1947 and is based in Katy, Texas.

Sell -
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