M&A Deal Summary

IMI Acquires Adaptas Solutions

On November 15, 2021, IMI acquired manufacturer Adaptas Solutions from Ampersand Capital Partners for 271M USD

Acquisition Highlights
  • This is IMI’s 4th transaction in the Manufacturing sector.
  • This is IMI’s largest (disclosed) transaction.
  • This is IMI’s 8th transaction in the United States.
  • This is IMI’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-11-15
Target Adaptas Solutions
Sector Manufacturing
Buyer(s) IMI
Sellers(s) Ampersand Capital Partners
Deal Type Add-on Acquisition
Deal Value 271M USD

Target

Adaptas Solutions

Palmer, Massachusetts, United States
Adaptas Solutions is a strategic OEM supplier for key products and manufacturing services for analytical and laboratory equipment manufacturers. Adaptas’ manufacturing vertical integration strategy allows for rapid to-market product development and best in class costing while delivering high-quality products and services. Adaptas Solutions was established in 1983 and is based in Palmer, Massachusetts.

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Buyer(S) 1

Buyer

IMI

Birmingham, United Kingdom
Category Company
Founded 1862
Sector Engineering
Employees10,771
Revenue 2.2B GBP (2023)
DESCRIPTION

IMI is a global engineering group focused on the precise control and movement of fluids in critical applications. IMI works with international companies in over 50 countries to deliver innovative engineering solutions to address global trends such as clean energy, energy efficiency, healthcare and increasing automation. IMI was founded in 1862 and is based in Birmingham, the United Kingdom.

DEAL STATS #
Overall 18 of 19
Sector (Manufacturing) 4 of 5
Type (Add-on Acquisition) 18 of 19
State (Massachusetts) 1 of 1
Country (United States) 8 of 8
Year (2021) 1 of 1
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Bimba Manufacturing

University Park, Illinois, United States

Bimba Manufacturing Co. is a provider of pneumatic, hydraulic and electric solutions, including a variety of stainless steel body air cylinders that are easy-to-use, reliable and ready for engineering challenges. The company's head office is located in Chicago, Illinois and it operates from nine locations, seven in the US, one in Mexico and a sales office in the Netherlands. The vast majority of its revenues are in the US and it has around 500 permanent employees.

Buy $198M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-30 Bahr Modultechnik

Luhden, Germany

Bahr Modultechnik is a provider of highly configured modular electric linear motion systems, based on a broad portfolio of specialist components. The company has a diverse customer base with a presence in highly attractive automation-driven end markets, including pharmacy automation, warehouse automation, and robotics. Bahr’s unique modular system and customer-centric approach align with IMI’s business model. Bahr Modultechnik is based in Luhden, Germany.

Buy €98M

Seller(S) 1

SELLER

Ampersand Capital Partners

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1988
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Ampersand Capital Partners is a middle-market private equity group that concentrates on growth equity investment opportunities in the healthcare sector. The Firm looks to invest $10 to $100 million in businesses with $10 to $100 million of revenue. Specific areas of interests within healthcare include lab products, specialty diagnostic equipment, pharmaceutical outsourcing, and specialty pharma. Ampersand generally prefers to be the first and sole institutional investor. Ampersand was formed in 1988 and is based in Wellesley, Massachusetts.

DEAL STATS #
Overall 47 of 53
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 33 of 38
State (Massachusetts) 11 of 14
Country (United States) 46 of 50
Year (2021) 6 of 6
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Biosynth Carbosynth

St. Gallen, Switzerland

Biosynth Carbosynth is a fully hybrid research products, life sciences reagents and custom synthesis and manufacturing services company with global research, manufacturing and distribution facilities. They are the supplier of choice for many in the pharmaceutical, life science, food, agrochemical, cosmetic and diagnostic sectors and manufacture and source a vast range of chemical and biochemical products. Biosynth Carbosynth was formed in 1965 and is based in St. Gallen, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Leinco

St. Louis, Missouri, United States

Leinco is a biotechnology company that is engaged in the manufacturer of early discovery research products including antibodies, recombinant proteins, ELISA kits, second step reagents, and other life sciences products. Leinco was founded in 1992 and is based in St. Louis, Missouri.

Buy -
Mergr

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