M&A Deal Summary

Ideal Tridon Acquires ZSi-Foster

On July 1, 2019, Ideal Tridon acquired manufacturer ZSi-Foster from Pfingsten Partners

Acquisition Highlights
  • This is Ideal Tridon’s 5th transaction in the Manufacturing sector.
  • This is Ideal Tridon’s 5th transaction in the United States.
  • This is Ideal Tridon’s 1st transaction in Michigan.

M&A Deal Summary
Date 2019-07-01
Target ZSi-Foster
Sector Manufacturing
Buyer(s) Ideal Tridon
Sellers(s) Pfingsten Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International
BlackArch (Financial)

Target

ZSi-Foster

Canton, Michigan, United States
ZSi-Foster is a producer of quick detachable couplers, hose fittings, blowguns, and related accessories for use with various gasses and liquids. The most common applications for our products are for compressed air, hydraulic oil, and water. ZSi-Foster was established in 1979 and is based in Canton, Michigan.

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Buyer(S) 1

Buyer

Ideal Tridon

Smyrna, Tennessee, United States
Category Company
Founded 1913
Sector Machinery
DESCRIPTION
Ideal Tridon's corporate headquarters in Smyrna, Tennessee.
Ideal Tridon's corporate headquarters in Smyrna, Tennessee.

Ideal Tridon is a global engineering solutions designer and manufacturer of stainless steel worm gear and specialty clamps and couplings for industrial, heavy duty, plumbing, irrigation, marine and automotive applications. Ideal Tridon was founded in 1913 and is based in Smyrna, Tennessee.

DEAL STATS #
Overall 6 of 6
Sector (Manufacturing) 5 of 5
Type (Add-on Acquisition) 4 of 4
State (Michigan) 1 of 1
Country (United States) 5 of 5
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 ZSI

Canton, Missouri, United States

ZSi-Foster is a manufacturer and supplier of clamping and coupling devices that are attached to pipe, tube and hose to prevent vibration, shock, surge and corrosion. The company offers a full breadth of product serving the general industrial, fluid power, HVAC, refrigeration and electrical markets.

Buy -

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 30 of 40
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 14 of 16
State (Michigan) 1 of 1
Country (United States) 30 of 40
Year (2019) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 ZSI

Canton, Missouri, United States

ZSi-Foster is a manufacturer and supplier of clamping and coupling devices that are attached to pipe, tube and hose to prevent vibration, shock, surge and corrosion. The company offers a full breadth of product serving the general industrial, fluid power, HVAC, refrigeration and electrical markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 RapidAir

Auburndale, Wisconsin, United States

RapidAir is a manufacturer and distributor of compressed air piping systems, components, kits, replacement parts, and other accessories. RapidAir sells its compressed air piping systems under three different brands and also provides filter regulators, moisture drains, couplers, fittings, hose reels, and other air compressor accessories. RapidAir was established in 2003 and is based in Auburndale, Wisconsin.

Buy -
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