M&A Deal Summary |
|
|---|---|
| Date | 2023-06-21 |
| Target | M&M Carnot |
| Sector | Manufacturing |
| Buyer(s) | Johnson Controls |
| Sellers(s) | Source Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1885 |
| Sector | Diversified |
| Employees | 102,000 |
| Revenue | 26.8B USD (2023) |
Johnson Controls is a diversified technology and industrial company that creates products, services, and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls was founded in 1885 and is based in Cork, Ireland.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 32 |
| Sector (Manufacturing) | 5 of 5 |
| Type (Add-on Acquisition) | 26 of 27 |
| State (Maryland) | 1 of 1 |
| Country (United States) | 19 of 20 |
| Year (2023) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-13 |
Hybrid Energy
Lysaker, Norway Hybrid Energy is a provider of high-temperature energy management solutions with a focus on heat pumps for district heating and industrial processes. Hybrid Energy is based in Lysaker, Norway. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-17 |
FM:Systems
Raleigh, North Carolina, United States FM:Systems is a provider of Integrated Workplace Management Systems (IWMS) and Computer-Aided Facility Management (CAFM) software. FM:Systems’ over 300 blue-chip customer base spans six continents and a diverse range of industries, including healthcare, higher education, technology, manufacturing, retail, banking and the public sector. FM:Systems is headquartered in Raleigh, North Carolina, and conducts business throughout the Americas, Africa, Europe and Asia Pacific. |
Buy | $455M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| Size | Small |
| Type | Sector Agnostic |
Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 19 |
| Sector (Manufacturing) | 1 of 1 |
| Type (Add-on Acquisition) | 7 of 8 |
| State (Maryland) | 1 of 1 |
| Country (United States) | 18 of 19 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-19 |
Kitchen Brains
Stratford, Connecticut, United States Kitchen Brains is a designer and manufacturer of fully integrated smart cooking computers, electronic controls and software solutions for commercial foodservice operations. The company brands, including (FAST.), Modularm and QPM, feature a growing number of products that incorporate KBconnectTM IoT/cloud connectivity, and can be found globally in QSRs, casual and fine dining restaurants, convenience and grocery stores, schools, hospitals, stadiums and other facilities. Kitchen Brains was founded in 1969 and is based in Stratford, Connecticut. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-15 |
Septic Blue
Cumming, Georgia, United States Septic Blue is a septic services provider catering to Georgia and North Carolina’s residential markets. Septic Blue is known for its full spectrum of septic services, including installations, inspections, maintenance, and repairs. Septic Blue was founded in 2010 and is based in Cumming, Georgia. |
Buy | - |
