M&A Deal Summary

ITW Acquires Brooks Instrument

On January 8, 2012, ITW acquired test/measurement equipment company Brooks Instrument from American Industrial Partners and HSBC Capital

Acquisition Highlights
  • This is ITW’s 3rd transaction in the Test/Measurement Equipment sector.
  • This is ITW’s 29th transaction in the United States.
  • This is ITW’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2012-01-08
Target Brooks Instrument
Sector Test/Measurement Equipment
Buyer(s) ITW
Sellers(s) American Industrial Partners
HSBC Capital
Deal Type Add-on Acquisition

Target

Brooks Instrument

Hatfield, Pennsylvania, United States
Brooks provides flow measurement and control devices to the low flow application market, and principally serves the chemical and semiconductor industries.

Search 200,577 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

ITW

Glenview, Illinois, United States

Category Company
Founded 1912
Sector Manufacturing
Employees45,000
Revenue 16.1B USD (2023)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.


DEAL STATS #
Overall 44 of 48
Sector (Test/Measurement Equipment) 3 of 4
Type (Add-on Acquisition) 39 of 41
State (Pennsylvania) 2 of 2
Country (United States) 29 of 31
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-19 Gang-Nail Systems

Aldershot, United Kingdom

Gang-Nail structural Roof & Truss package, aptly named Roof & Truss is used for the design, detailing, estimating, manufacture and 3D visualisation of complex trussed rafter roofs. Roof & Truss allows easy project control with all the trusses for one project being in the same project area. Trusses are on screen during the build and design process allowing ease of input.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-16 Wilsonart

Temple, Texas, United States

Wilsonart is a manufacturer and distributor of high pressure laminates and other fine surfacing materials and components used in furniture, office and retail space, countertops, worktops and other applications. Wilsonart was founded in 1956 and is based in Temple, Texas.

Sell $395M

Seller(S) 2

SELLER

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 12 of 25
Sector (Test/Measurement Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 7
State (Pennsylvania) 1 of 2
Country (United States) 12 of 22
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-05 Ichor

Fremont, California, United States

Ichor is a global designer and manufacturer of process tools, gas delivery modules and chemical delivery modules sold to capital equipment manufacturers. Ichor Systems serves a variety of end markets, including semiconductors, LEDs (light emitting diode), data storage and alternative energy capital equipment. Ichor was founded in 1999 and is based in Fremont, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-23 Presstek

Hudson, New Hampshire, United States

Presstek, Inc. is a provider of digital offset printing products and solutions to the printing and communications industries.

Buy -
SELLER

HSBC Capital

New York, New York, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HSBC Capital (North America) the US and Canada principal investments arm of HSBC. HSBC Capital consists of HSBC Capital Canada and HSBC Capital USA. The Group focuses on making private equity and mezzanine investments in profitable, mid-market companies and select real estate transactions. The Group will consider both control and minority positions. Investment proceeds are generally used to support buyouts, expansion financings, recapitalizations, and real estate acquisitions. In addition to targeting US based opportunities, the Group will also consider investments in Latin America. Broad sectors of interest include manufacturing, service, and distribution. HSBC Capital was formed in 1991 and is based in New York City, HSBC Capital has become Graycliff partners on Dec 2011.


DEAL STATS #
Overall 13 of 17
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (Pennsylvania) 1 of 1
Country (United States) 13 of 17
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-05 Globe Food Equipment

Dayton, Ohio, United States

Globe Food Equipment Co. is a designer and manufacturer of food preparation equipment specializing in slicers mixers, vegetable cutters, and meat choppers. Globe Food Equipment is based in Dayton, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 City Carting Holding

Stamford, Connecticut, United States

City Carting Holding Co., Inc. is a provider of waste management and recycling services.

Sell -