M&A Deal Summary

ITT Acquires Clippard - Cylinder Product Line

On August 10, 2022, ITT acquired machinery company Clippard - Cylinder Product Line from Clippard

Acquisition Highlights
  • This is ITT’s 11th transaction in the Machinery sector.
  • This is ITT’s 19th transaction in the United States.
  • This is ITT’s 1st transaction in Ohio.

M&A Deal Summary
Date 2022-08-10
Target Clippard - Cylinder Product Line
Sector Machinery
Buyer(s) ITT
Sellers(s) Clippard
Deal Type Divestiture

Target

Clippard - Cylinder Product Line

Cincinnati, Ohio, United States
Clippard's Cylinder Product Line product lines of durable, low maintenance, and cost-competitive interchangeable pneumatic cylinders. The product lines include stainless steel, brass, and aluminum cylinders and volume tanks. Clippard's Cylinder Product Line is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

ITT

Stamford, Connecticut, United States
Category Company
Founded 1920
Sector Machinery
Employees10,600
Revenue 3.3B USD (2023)
DESCRIPTION

ITT is a manufacturer of engineered critical components and customized technology solutions for growing industrial end-markets in energy infrastructure, electronics, aerospace, and transportation. ITT was founded in 1920 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 34 of 37
Sector (Machinery) 11 of 11
Type (Divestiture) 12 of 12
State (Ohio) 1 of 1
Country (United States) 19 of 21
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 CRP Technology

Modena, Italy

CRP Technology operates manufacturing plants and consultancy offices worldwide providing reliable and durable components that magnify manufacturers’ designs and help companies gain a competitive advantage. CRP Technology was founded in 1996 and is based in Modena, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Micro-Mode

El Cajon, California, United States

Micro-Mode is a specialty designer and manufacturer of high-bandwidth Radio Frequency (RF) connectors for harsh environment defense and space applications. Micro-Mode is based in El Cajon, California.

Buy $80M

Seller(S) 1

SELLER

Clippard

Cincinnati, Ohio, United States
Category Company
Founded 1941
Sector Distribution
DESCRIPTION

Clippard is a manufacturer and distributor of miniature pneumatic valves, cylinders, and fittings. Clippard was founded in 1941 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

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