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  6. Meriwether Capital Acquires Tonka Equipment Co.

M&A Deal Summary

Meriwether Capital Acquires Tonka Equipment Co.

On July 1, 2009, private equity firm Meriwether Capital acquired machinery company Tonka Equipment Co.

Acquisition Highlights
  • This is Meriwether Capital’s 1st transaction in the Machinery sector.
  • This is Meriwether Capital’s 6th transaction in the United States.
  • This is Meriwether Capital’s 1st transaction in Minnesota.
Investment Fate
  • Tonka Equipment Co. was sold to a strategic buyer in 2017.

M&A Deal Summary
Date 2009-07-01
Target Tonka Equipment Co.
Sector Machinery
Buyer(s) Meriwether Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Robins Kaplan (Legal)

Target

Tonka Equipment Co.

Plymouth, Minnesota, United States
Tonka Equipment Co., Inc. (Tonka Water) is an engineer customize water treatment solutions for a variety of applications including surface water, groundwater, water reuse, industrial process water, remediation, and advanced wastewater treatment. Tonka Equipment Co was founded in 1956 and is based in Plymouth, Minnesota.

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Buyer(S) 1

Buyer

Meriwether Capital

New York, New York, United States
Category Private Equity Firm
Founded 1976
Size Small
Type Sector Agnostic
DESCRIPTION

Meriwether Capital is a private equity firm focused on acquiring middle-market private companies and corporate divestitures. Meriwether prefers opportunities located in the Eastern US with EBITDA of at least $2 million. Target sectors include specialty manufacturing, distribution, and service. Meriwether typically seeks majority positions. Meriwether Capital was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 6 of 6
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
State: Minnesota M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Wood Pro

Auburn, Massachusetts, United States

Wood Pro is a distributor of hardwood flooring, tile and related installation and finishing supplies to flooring contractors. The company has earned the title "The Wood Floor Experts" with distribution centers able to provide customers with a full array of materials, equipment, experience and expert advice for any floor project plus unmatched customer service. Wood Pro was founded in 1993 and is based in Auburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Ripley Tools

Cromwell, Connecticut, United States

Ripley Tools is a designer and manufacturer of a wide variety of cable preparation tools. These specialty hand tools are sold to electrical utility, electrical contractor, CATV, telephone and telecommunication markets under the Utility Tool, Cablematic, Miller and Clauss tool brand names. Ripley Tools was founded in 1936 and is based in Cromwell, Connecticut.

Sell -
Mergr

Solution for

Product

Company

Legal