M&A Deal Summary

Lincoln Electric Acquires Coldwater Machine Company

On December 11, 2018, Lincoln Electric acquired machinery company Coldwater Machine Company from North River Capital

Acquisition Highlights
  • This is Lincoln Electric’s 23rd transaction in the Machinery sector.
  • This is Lincoln Electric’s 18th transaction in the United States.
  • This is Lincoln Electric’s 5th transaction in Ohio.

M&A Deal Summary
Date 2018-12-11
Target Coldwater Machine Company
Sector Machinery
Buyer(s) Lincoln Electric
Sellers(s) North River Capital
Deal Type Add-on Acquisition

Target

Coldwater Machine Company

Coldwater, Ohio, United States
Coldwater Machine Company LLC is a provider of innovative engineered solutions for manufacturing applications. The company designs and builds customized machines, dies, tools, fixtures, gauges, assemblies, and components. CMC serves a wide array of customers across a variety of industries, including aerospace, energy, appliance, automotive, beverage, medical, and defense.

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Buyer(S) 1

Buyer

Lincoln Electric

Cleveland, Ohio, United States
Category Company
Founded 1895
Sector Machinery
Employees12,000
Revenue 4.2B USD (2023)
DESCRIPTION
Entrance to Lincoln Electric's corporate headquarters in Cleveland, Ohio.
Entrance to Lincoln Electric's corporate headquarters in Cleveland, Ohio.

Lincoln Electric is a designer and manufacturer of arc welding products, robotic arc welding systems, plasma, and oxy-fuel cutting equipment and has a global position in the brazing and soldering alloys market. Lincoln Electric was founded in 1895 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 37 of 47
Sector (Machinery) 23 of 25
Type (Add-on Acquisition) 32 of 39
State (Ohio) 5 of 6
Country (United States) 18 of 25
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Pro Systems

Churubusco, Indiana, United States

Pro Systems LLC designs and builds innovative and automated machines and Systems. Through cutting-edge design, professional project management, and its foundational philosophy provides consistent and ethical business practices, Pro Systems has carved out a unique niche within the automated machinery industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Worthington Industries - Soldering Business

Columbus, Ohio, United States

Worthington Industries, Inc. - Soldering Business is a manufacturer of solders and fluxes.

Buy -

Seller(S) 1

SELLER

North River Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

North River Capital is a Midwest-US based private investment firm focused on acquiring majority interests in small to mid-sized companies. Sectors of interest include engineering, industrial manufacturing, building products, construction services, recycling technologies, and real estate. The Firm was formed in 2008 and is based in Fort Wayne, Indiana.

DEAL STATS #
Overall 3 of 3
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Pro Systems

Churubusco, Indiana, United States

Pro Systems LLC designs and builds innovative and automated machines and Systems. Through cutting-edge design, professional project management, and its foundational philosophy provides consistent and ethical business practices, Pro Systems has carved out a unique niche within the automated machinery industry.

Sell -
Mergr

Product

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