M&A Deal Summary

ITT Acquires The F.B. Leopold

On June 14, 2006, ITT acquired environmental company The F.B. Leopold from Incline Equity Partners

Acquisition Highlights
  • This is ITT’s 2nd transaction in the Environmental sector.
  • This is ITT’s 12th transaction in the United States.
  • This is ITT’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2006-06-14
Target The F.B. Leopold
Sector Environmental
Buyer(s) ITT
Sellers(s) Incline Equity Partners
Deal Type Add-on Acquisition

Target

The F.B. Leopold

Zelienople, Pennsylvania, United States
The F.B. Leopold Co. is a provider of proprietary water filtration products for public water systems in the United States and internationally. The company engineers-to-order, markets and manufactures key components for large public works projects.

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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 17 of 37
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 8 of 21
State (Pennsylvania) 1 of 1
Country (United States) 12 of 21
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-24 Richter Chemie-Technik

Kempen, Germany

Richter supplies pumps, valves, controls and related services to segments of the chemical, fine chemical and pharmaceutical industries, and is a leader in fluoro-polymer lined pumps and valves for handling highly corrosive fluids in the chemical and pharmaceutical industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 C&K Components

Newton, Massachusetts, United States

C&K Components, Inc. is a designer, manufacturer and marketer of electromechanical switches as well as high reliability and smart card connectors. The company serves a broad array of end markets including industrial, server, telecom, automotive, consumer, aerospace, medical, and other end markets, both directly and through distribution.

Sell -

Seller(S) 1

SELLER

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.


DEAL STATS #
Overall 2 of 39
Sector (Environmental) 1 of 3
Type (Add-on Acquisition) 1 of 11
State (Pennsylvania) 1 of 5
Country (United States) 2 of 38
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-25 The Faucet Queens

Cranbury, New Jersey, United States

The Faucet Queens, Inc. is a marketer and distributor of convenience-oriented home hardware products to the food and drug retail channel. Company provides the broadest line of home hardware products in the industry with 14 product lines and over 650 SKUs, including hand tools, kitchen and bath items, twine, padlocks, paint supplies, automotive items and sewing related items. Faucet Queen serves as the outsourced supply chain management partners for many of the top grocery and drug retail chains throughout the United States and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-19 Advanced Disposal Services

Jacksonville, Florida, United States

Advanced Disposal Services, Inc. is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. Advanced Disposal has a presence in 18 states across the Midwest, South and East regions of the US. Advanced Disposal Services, Inc. was founded in 2000 and is headquartered in Ponte Vedra, Florida.

Sell $470M