Divestiture • Machinery

Madison Industries Acquires Hudson Products

On December 31, 2001, private equity firm Madison Industries acquired machinery company Hudson Products from BWXT

Acquisition Context
  • This is Madison Industries’ 4th transaction in the Machinery sector.
  • This is Madison Industries’ 9th transaction in the United States.
  • This is Madison Industries’ 1st transaction in Texas.
Investment Fate
  • Hudson Products was sold to a consortium of financial buyers in 2006.
  • Hudson Products was sold to a consortium of financial buyers in 2008.
  • Hudson Products was sold to a publicly-traded strategic buyer in 2017 for 410M USD.

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M&A Deal Summary

Date December 31, 2001
Target Hudson Products
Sector Machinery
Buyer(s) Madison Industries
Sellers(s) BWXT
Deal Type Divestiture

Target Company

Hudson Products

Beasley, Texas, United States
Hudson Products Corp. is a provider of heat transfer solutions firms providing air-cooled heat exchangers and axial-flow fans to some of the largest processors in the petroleum, natural gas, power generation, petrochemical and chemical industries.
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Buyer Overview 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 Context for Buyer #
Overall 10 of 50
Sector: Machinery 4 of 10
Type: Divestiture 4 of 17
State: Texas 1 of 4
Country: United States 9 of 41
Year: 2001 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-01 eOn Communications

Corinth, Missouri, United States

eOn Communications Corporation, through its subsidiaries, provides telecommunications solutions in North America, Puerto Rico, and the Virgin Islands. The company operates in two segments, Telephony Products and Puerto Rico.

Buy €430M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-25 API Heat Transfer

Buffalo, New York, United States

API Heat Transfer is a designer and manufacturer of a wide range of heat transfer technologies that service virtually every industrial market including food and beverage, dairy, compressors, air separation, chemical processing, mobile vehicles, power generation, pharmaceuticals, HVAC, and a wide variety of general industrial applications.

Buy $66M

Seller Profile 1

SELLER

BWXT

Lynchburg, Virginia, United States

Category Company
Founded 1867
Sector Defense
Employees7,800
Revenue 2.7B USD (2024)
DESCRIPTION

BWXT manufactures nuclear components and is a service provider. BWX's core businesses focus on designing, engineering and manufacturing precision naval nuclear components, reactors and nuclear fuel for the US Government. The Company also provides uranium processing and environmental site restoration services, as well as a variety of products and services to customers in the nuclear power industry. BWXT was founded in 1867 and is based in Lynchburg, Virginia.


Deal Context for Seller #
Overall 1 of 2
Sector: Machinery 1 of 1
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 2
Year: 2001 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Babcock & Wilcox Enterprises

Akron, Ohio, United States

Babcock & Wilcox Enterprises is a provider of an advanced energy and environmental technologies and services for the power and industrial markets, with operations, subsidiaries and joint ventures worldwide. Babcock & Wilcox Enterprises was incorporated in 1867 and is based in Akron, Ohio.

Sell -