M&A Deal Summary

Madison Industries Acquires Extrude Hone

On December 1, 2015, private equity firm Madison Industries acquired machinery company Extrude Hone from Kennametal

Acquisition Highlights
  • This is Madison Industries’ 10th transaction in the Machinery sector.
  • This is Madison Industries’ 21st transaction in the United States.
  • This is Madison Industries’ 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2015-12-01
Target Extrude Hone
Sector Machinery
Buyer(s) Madison Industries
Sellers(s) Kennametal
Deal Type Divestiture

Target

Extrude Hone

Irwin, Pennsylvania, United States
Extrude Hone is a supplier of engineered component process technology to customers in a variety of industries around the world. Extrude Hone processes and materials, which focus on component deburring, polishing, and producing controlled radii, are designed to improve the customer's performance in both their manufacturing processes and end products. Extrude Hone was founded in 1951 and is based in Irwin, Pennsylvania.

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Buyer(S) 1

Buyer

Madison Industries

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
Size Large
Type Sector Focused
DESCRIPTION

Madison Industries is a privately held investment holding firm that targets growth investments in and acquisitions of industrial manufacturing companies. Madison prefers businesses with a defensible market niche, established technology, and significant cash-flow growth potential. Madison will also consider turnaround situations. Target opportunities generally have sales between $50 million and $2 billion. Madison Industries is based in Chicago, Illinois.

DEAL STATS #
Overall 25 of 47
Sector (Machinery) 10 of 10
Type (Divestiture) 12 of 17
State (Pennsylvania) 2 of 2
Country (United States) 21 of 39
Year (2015) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Tricon

Irondale, Alabama, United States

Tricon is a provider of abrasion-resistant steel products and expertise to the power, mining, quarrying, construction, timber, paper, and allied industries. Tricon was formed in 1968 and is based in Irondale, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Hydra-Stop

Burr Ridge, Illinois, United States

Hydra-Stop manufactures specialty valves, fittings and installation equipment serving water utility service providers and municipalities. Hydra-Stop’s products prevent water service shutdowns for municipalities and critical facilities by allowing only the affected section of a water pipe to be repaired versus shutting down vast sections of a water system. Hydra-Stop was founded in 1980 and is based in Burr Ridge, Illinois.

Buy -

Seller(S) 1

SELLER

Kennametal

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1938
Sector Machinery
Employees8,700
Revenue 2.1B USD (2023)
DESCRIPTION
Kennametal trade show display booth at the 2014 IMTS show in Chicago.
Kennametal trade show display booth at the 2014 IMTS show in Chicago.

Kennametal is a provider of innovative resistant products, application engineering and services backed by advanced material science, serving customers in 60 countries across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure. Kennametal was founded in 1938 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 7 of 8
Sector (Machinery) 2 of 2
Type (Divestiture) 7 of 8
State (Pennsylvania) 3 of 4
Country (United States) 6 of 7
Year (2015) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Tricon

Irondale, Alabama, United States

Tricon is a provider of abrasion-resistant steel products and expertise to the power, mining, quarrying, construction, timber, paper, and allied industries. Tricon was formed in 1968 and is based in Irondale, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-09 International Specialty Alloys

New Castle, Pennsylvania, United States

International Specialty Alloys, Inc. is a producer of specialty alloys and elemental materials for the aerospace, superalloy and computer industries. International Specialty Alloys is based in New Castle, Pennsylvania.

Sell -
Mergr

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