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  6. Lincoln Electric Acquires Vernon Tool Co.

M&A Deal Summary

Lincoln Electric Acquires Vernon Tool Co.

On November 30, 2007, Lincoln Electric acquired machinery company Vernon Tool Co.

Acquisition Highlights
  • This is Lincoln Electric’s 6th transaction in the Machinery sector.
  • This is Lincoln Electric’s 3rd transaction in the United States.
  • This is Lincoln Electric’s 1st transaction in Nevada.

M&A Deal Summary
Date 2007-11-30
Target Vernon Tool Co.
Sector Machinery
Buyer(s) Lincoln Electric
Deal Type Add-on Acquisition
Advisor(s) GulfStar Group (Financial)

Target

Vernon Tool Co.

Reno, Nevada, United States
Vernon Tool Co., Ltd is a provider of solutions to difficult pipe fabrication and process flow issues in industrial construction, as well as heavy fabrication uses in the infrastructure and energy-related segments.

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Buyer(S) 1

Buyer

Lincoln Electric

Cleveland, Ohio, United States
Category Company
Founded 1895
Sector Machinery
Employees12,000
Revenue 4.0B USD (2024)
DESCRIPTION
Lincoln Electric's corporate headquarters in Cleveland, Ohio.
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 12 of 47
Sector: Machinery M&A 6 of 25
Type: Add-on Acquisition M&A Deals 10 of 39
State: Nevada M&A 1 of 2
Country: United States M&A 3 of 25
Year: 2007 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-20 Nanjing Kuang Tai Welding Material Co.

China

Nanjing Kuang Tai Welding Material Co., Ltd. a manufacturer of stick electrode products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-07 Electro-Arco S.A.

Pinhal Novo, Portugal

Electro-Arco S.A. is a manufacturer of welding consumables.

Buy -
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