M&A Deal Summary

HWC Acquires Teleflex-Rigging Services Business

On June 25, 2010, HWC acquired electrical equipment company Teleflex-Rigging Services Business from Teleflex for 50M USD

Acquisition Highlights
  • This is HWC’s 1st transaction in the Electrical Equipment sector.
  • This is HWC’s largest (disclosed) transaction.
  • This is HWC’s 1st transaction in the United States.

M&A Deal Summary
Date 2010-06-25
Target Teleflex-Rigging Services Business
Sector Electrical Equipment
Buyer(s) HWC
Sellers(s) Teleflex
Deal Type Divestiture
Deal Value 50M USD

Target

Teleflex-Rigging Services Business

United States
Rigging Services Business, offers a range of customized heavy-duty wire rope, wire and synthetic rope assemblies, and related rigging hardware products.

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Buyer(S) 1

Buyer

HWC

Houston, Texas, United States
Category Company
Founded 1975
Sector Manufacturing
Employees432
Revenue 338M USD (2019)
DESCRIPTION

HWC is a manufacturer and distributor of specialty wire and cable. Comprehensive value-added services include same-day shipping, knowledgeable sales staff, inventory management programs, just-in-time delivery, logistics support, customized online ordering capabilities, and 24/7/365 service. HWC was founded in 1975 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Vertex Distribution

Attleboro, Massachusetts, United States

Vertex Distribution, Inc. is a distributor of stainless steel, corrosion-resistant and metric fasteners, offering over 12,000 items and custom manufacturing capabilities.

Buy $32M

Seller(S) 1

SELLER

Teleflex

Wayne, Pennsylvania, United States
Category Company
Founded 1943
Sector Medical Products
Employees14,500
Revenue 3.0B USD (2023)
DESCRIPTION

Teleflex is a global provider of medical technology products that enhance clinical benefits, improve patient and provider safety and reduce total procedural costs. The Company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. Teleflex markets and sells its products to hospitals and healthcare providers worldwide through a combination of our direct sales force and distributors. Teleflex was founded in 1943 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 5 of 9
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 5 of 9
Country (United States) 5 of 7
Year (2010) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-20 Teleflex-Power Systems Business

United States

Power Systems Business, a industrial and transportation alternative fuel components and systems and auxiliary power systems.

Sell $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-10 VasoNova

Menlo Park, California, United States

Vasonova's VPS(TM) technology is the real time intra-vascular catheter navigation technology that does not require external metal detectors or viewing screens, nor subjective interpretation of ECG signals, and is capable of confirming precise catheter tip location using sophisticated anatomical location identification algorithms embedded in its technology.

Buy $55M
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