M&A Deal Summary

International Equipment Solutions Acquires Paladin Brands

On September 7, 2011, International Equipment Solutions acquired machinery company Paladin Brands from Dover for 290M USD

Acquisition Highlights
  • This is International Equipment Solutions’ 1st transaction in the Machinery sector.
  • This is International Equipment Solutions’ largest (disclosed) transaction.
  • This is International Equipment Solutions’ 1st transaction in the United States.
  • This is International Equipment Solutions’ 1st transaction in Iowa.

M&A Deal Summary

Date 2011-09-07
Target Paladin Brands
Sector Machinery
Buyer(s) International Equipment Solutions
Sellers(s) Dover
Deal Type Divestiture
Deal Value 290M USD

Target

Paladin Brands

Cedar Rapids, Iowa, United States
Paladin is a provider of attachment tools for heavy and light construction, demolition, recycling, forestry, utility and material handling markets.

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Buyer(S) 1

Buyer

International Equipment Solutions

Lexington, Kentucky, United States

Category Company
Sector Machinery
DESCRIPTION

International Equipment Solutions is a global engineered equipment platform serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy markets. IES operates through two primary business units: Paladin, a leading manufacturer of engineered attachment tools for operator-driven equipment, and Crenlo, a leading manufacturer of cab enclosures for operator-driven equipment as well as specialty electronic enclosures. IES’ customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 1,500 people and operates 14 manufacturing facilities in Iowa, Michigan, Minnesota, North Carolina, Ohio, Oregon, Tennessee, Wisconsin and Memmingen, Germany.


DEAL STATS #
Overall 1 of 3
Sector (Machinery) 1 of 2
Type (Divestiture) 1 of 2
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-04 Siac do Brasil

Guaranésia, Brazil

Siac do Brasil, Ltda. provides security and integrity are the watchwords.

Buy -

Seller(S) 1

SELLER

Dover

Downers Grove, Illinois, United States

Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.


DEAL STATS #
Overall 17 of 28
Sector (Machinery) 8 of 12
Type (Divestiture) 14 of 24
State (Iowa) 1 of 1
Country (United States) 13 of 23
Year (2011) 2 of 2
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-07 International Equipment Solutions

Lexington, Kentucky, United States

International Equipment Solutions is a global engineered equipment platform serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy markets. IES operates through two primary business units: Paladin, a leading manufacturer of engineered attachment tools for operator-driven equipment, and Crenlo, a leading manufacturer of cab enclosures for operator-driven equipment as well as specialty electronic enclosures. IES’ customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 1,500 people and operates 14 manufacturing facilities in Iowa, Michigan, Minnesota, North Carolina, Ohio, Oregon, Tennessee, Wisconsin and Memmingen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-07 Advansor A/S

Aarhus, Denmark

Advansor A/S, based in Denmark, manufactures and sells sustainable thermal systems for the production of heating and cooling in supermarkets, refrigeration and freezing facilities, CHP plants, the food processing industry and chemical industry as well as air conditioning for office buildings with CO2 as the refrigerant.

Buy -