M&A Deal Summary

Industrial Magnetics Acquires Walker Magnetics Group

On February 18, 2021, Industrial Magnetics acquired manufacturer Walker Magnetics Group from Alliance Holdings

Acquisition Highlights
  • This is Industrial Magnetics’ 1st transaction in the Manufacturing sector.
  • This is Industrial Magnetics’ 3rd transaction in the United States.
  • This is Industrial Magnetics’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2021-02-18
Target Walker Magnetics Group
Sector Manufacturing
Buyer(s) Industrial Magnetics
Sellers(s) Alliance Holdings
Deal Type Add-on Acquisition

Target

Walker Magnetics Group

Windsor, Connecticut, United States
Walker Magnetics Group, Inc. provides custom design and manufacture of magnetic products for work-holding, material handling, and separation applications. Walker Magnetics Group was founded in 1896 and is based in Windsor, Connecticut.

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Buyer(S) 1

Buyer

Industrial Magnetics

Boyne City, Michigan, United States

Category Company
Founded 1961
Sector Electrical Equipment
DESCRIPTION

Industrial Magnetics is a provider of highly engineered solutions for magnetic separation and material handling, particle processing, and process automation applications. Industrial Magnetics was founded in 1961 and is based in Boyne City, Michigan.


DEAL STATS #
Overall 3 of 3
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Connecticut M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-16 Prater Industries

Bolingbrook, Illinois, United States

Prater Industries, Inc. is a manufacturer of a wide range of equipment for particle size reduction, enlargement, feeding and separation such as hammermills, fine grinders, lump breakers, classifiers, rotary airlock valve feeders, briquettors/compactors and more.

Buy -

Seller(S) 1

DESCRIPTION

Alliance Holdings is an employee owned private equity firm focused on providing a variety of investment solutions for lower middle-market companies with $10 to $100 million in revenue. Alliance will consider equity, mezzanine, and additional finance solutions to support buyouts, recapitalizations, growth, and special situation needs. Sectors of interests include industrial, business services, consumer, specialty finance, natural resources, energy, oil/gas, healthcare, and chemicals. Alliance Holdings was formed in 1995 and is headquartered in Horsham, Pennsylvania.


DEAL STATS #
Overall 3 of 4
Sector: Manufacturing M&A 2 of 3
Type: Add-on Acquisition M&A Deals 3 of 4
State: Connecticut M&A 1 of 2
Country: United States M&A 3 of 4
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-06 HydroWorx

Middletown, Pennsylvania, United States

HydroWorx manufactures aquatic therapy products with built-in underwater treadmills, resistance jets, and moveable floors to enhance rehabilitation and conditioning outcomes. HydroWorx was founded in 1997 and is based in Middletown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Spencer Turbine

Windsor, Connecticut, United States

Spencer Turbine is a manufacturer of air and gas handling equipment used in global industrial, municipal, commercial and institutional applications. Spencer Turbine was founded in 1892 and is based in Windsor, Connecticut.

Sell -