M&A Deal Summary

ITW Acquires Instron

On October 11, 2005, ITW acquired test/measurement equipment company Instron from Kirtland Capital Partners

Acquisition Highlights
  • This is ITW’s 1st transaction in the Test/Measurement Equipment sector.
  • This is ITW’s 9th transaction in the United States.
  • This is ITW’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2005-10-11
Target Instron
Sector Test/Measurement Equipment
Buyer(s) ITW
Sellers(s) Kirtland Capital Partners
Deal Type Add-on Acquisition

Target

Instron

Norwood, Massachusetts, United States
Instron Corp. manufactures and markets material testing instruments, software, and accessories to evaluate mechanical properties of materials and components. It offers automated specimen handling, impact, structural testing, creep and stress-rupture, thermal, dynamic and fatigue, multi-axial, torsion, electromechanical, rheology, upgrade, and static hydraulic systems, as well as materials testing software and hardness testers.

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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 11 of 48
Sector (Test/Measurement Equipment) 1 of 4
Type (Add-on Acquisition) 10 of 41
State (Massachusetts) 2 of 4
Country (United States) 9 of 31
Year (2005) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-02 Rippey

El Dorado Hills, California, United States

Rippey Corporation develops CMP slurries, polishing pads and PVA brush rollers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-13 Schnee-Morehead

Irving, Texas, United States

Schnee-Morehead, Inc. is a manufacturer of adhesives and sealants for the construction and aerospace industries.

Buy -

Seller(S) 1

SELLER

Kirtland Capital Partners

Beachwood, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kirtland Capital Partners (KCP) is a private equity firm focused on acquiring mature businesses operating in the US or Canada. KCP looks to be the lead investor in control positions in companies with significant barriers to entry, stable cash flows, and a strong market position. Sectors of interest include niche manufacturing, distribution, and business-to-business service companies. Kirtland was formed in 1977 and is based in Beachwood, Ohio.

DEAL STATS #
Overall 11 of 23
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 10
State (Massachusetts) 1 of 2
Country (United States) 11 of 23
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-12 MicroGroup

Medway, Massachusetts, United States

MicroGroup, Inc. is a manufacturer of precision medical components and sub-assemblies with expertise in difficult-to-manufacture, small diameter stainless steel tubing. The Company offers a comprehensive, integrated suite of 50+ in-house precision metal production operations supporting the full product life cycle from prototype to production. MicroGroup's customers include more than half of the world's largest medical device and analytical instrument companies across analytical and diagnostic instruments, cardiology, gastroenterology and endoscopy, neurology and spinal, and orthopedic and sports medicine segments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Stonebridge Industries

Conyers, Georgia, United States

Stonebridge Technologies is a regional Solutions Integrator, providing system integration and project consulting services within the middle market.

Sell -
Mergr

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