M&A Deal Summary

ITW Acquires Coeur

On October 9, 2012, ITW acquired medical products company Coeur from Riverside

Acquisition Highlights
  • This is ITW’s 2nd transaction in the Medical Products sector.
  • This is ITW’s 30th transaction in the United States.
  • This is ITW’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2012-10-09
Target Coeur
Sector Medical Products
Buyer(s) ITW
Sellers(s) Riverside
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Coeur

Lebanon, Tennessee, United States
Coeur, Inc. is a designer and manufacturer of proprietary disposable medical products used primarily in imaging labs during diagnostic and therapeutic imaging procedures, such as angiography, computed tomography (“CT”) and magnetic resonance imaging (“MRI”).

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Buyer(S) 1

Buyer

ITW

Glenview, Illinois, United States

Category Company
Founded 1912
Sector Manufacturing
Employees44,000
Revenue 15.9B USD (2024)
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 45 of 48
Sector: Medical Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 40 of 41
State: Tennessee M&A 1 of 1
Country: United States M&A 30 of 31
Year: 2012 M&A 2 of 2
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-09 Illinois Tool Works - Forkardt Operations

Germany

Illinois Tool Works - Forkardt Operations is a providers of high-precision, specialty and customized workholding devices for machine tools.

Sell $34M

Seller(S) 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 69 of 207
Sector: Medical Products M&A 6 of 14
Type: Add-on Acquisition M&A Deals 25 of 86
State: Tennessee M&A 1 of 5
Country: United States M&A 52 of 146
Year: 2012 M&A 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-05 HEALTHCAREfirst

Springfield, Missouri, United States

HEALTHCAREfirst is a provider of SaaS solutions and services to home health and hospice agencies nationwide. HEALTHCAREfirst's solutions are web-based, providing critical patient information and management tools at the point of care. HEALTHCAREfirst was formed in 1992 and is based in Springfield, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-05 MNX Global Logistics

Long Beach, California, United States

MNX Global Logistics is a provider of express, supply chain, and freight services to customers primarily in the life sciences, entertainment, and aviation industries. MNX Global Logistics was founded in 1983 and is based in Long Beach, California.

Buy -