M&A Deal Summary

IR Acquires Earthforce America

On July 3, 2001, IR acquired machinery company Earthforce America

Acquisition Highlights
  • This is IR’s 2nd transaction in the Machinery sector.
  • This is IR’s 3rd transaction in the United States.
  • This is IR’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2001-07-03
Target Earthforce America
Sector Machinery
Buyer(s) IR
Deal Type Add-on Acquisition

Target

Earthforce America

Charleston, South Carolina, United States
Earthforce America, Inc. manufactures tractor loader backhoe products.

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Buyer(S) 1

Buyer

IR

Davidson, North Carolina, United States

Category Company
Founded 1859
Sector Machinery
Employees18,000
Revenue 6.8B USD (2023)
DESCRIPTION

IR is a manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. IR was founded in 1859 and is based in Davidson, Wisconsin.


DEAL STATS #
Overall 4 of 48
Sector (Machinery) 2 of 17
Type (Add-on Acquisition) 4 of 42
State (South Carolina) 1 of 1
Country (United States) 3 of 27
Year (2001) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-03 Superstav spol. s.r.o.

Dobris, Czech Republic

Superstav, spol. s.r.o., a manufacturer of compact tractor loader backhoes based in Dobríš, Czech Republic,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-23 Kryptonite

Canton, Massachusetts, United States

Kryptonite Corp., a manufacturer of locks for recreational and portable security applications based in Canton, Massachussetts. Founded in 1972, Kryptonite is widely known as the originator of the U-shaped bicycle lock. In addition to bicycle locks, today Kryptonite markets recreational locks for such applications as motorcycles, snow-sport equipment, and powered sporting equipment. Kryptonite’s portable-security products include locks for computers as well as padlocks, cable locks and anchor points.

Buy -