M&A Deal Summary

IR Acquires Kryptonite

On August 23, 2001, IR acquired leisure company Kryptonite

Acquisition Highlights
  • This is IR’s 1st transaction in the Leisure sector.
  • This is IR’s 4th transaction in the United States.
  • This is IR’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2001-08-23
Target Kryptonite
Sector Leisure
Buyer(s) IR
Deal Type Add-on Acquisition
Advisor(s) Stonebridge Associates LLC (Financial)

Target

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.

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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 5 of 48
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 5 of 42
State (Massachusetts) 1 of 1
Country (United States) 4 of 27
Year (2001) 3 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
2002-06-03 Electronic Technologies

Dover Plains, New York, United States

Electronic Technologies Corp. (ETC), based in Dover Plains, New York. ETC provides specialty security systems integration, serving as a single source for integrating a facility’s access-control, closed-circuit television and fire/life safety systems.

Buy -
Mergr

Product

Company

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