M&A Deal Summary

MiTek Industries Acquires Truss Industry Production Systems

On December 13, 2013, MiTek Industries acquired machinery company Truss Industry Production Systems

Acquisition Highlights
  • This is MiTek Industries’ 2nd transaction in the Machinery sector.
  • This is MiTek Industries’ 4th transaction in the United States.
  • This is MiTek Industries’ 1st transaction in South Dakota.

M&A Deal Summary
Date 2013-12-13
Target Truss Industry Production Systems
Sector Machinery
Buyer(s) MiTek Industries
Deal Type Add-on Acquisition

Target

Truss Industry Production Systems

Britton, South Dakota, United States
Truss Industry Production Systems (TIPS), founded in 2005 in Britton, S.D., produces the Wizard PDS system, an automated jigging system sold to component fabricators across North America.

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Buyer(S) 1

Buyer

MiTek Industries

Chesterfield, Missouri, United States
Category Company
Sector Building Materials
DESCRIPTION

MiTek, headquartered in Chesterfield, Missouri, is a supplier of advanced engineered structural connector systems, equipment, software and services for the building components industry.

DEAL STATS #
Overall 5 of 13
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 3 of 11
State (South Dakota) 1 of 1
Country (United States) 4 of 11
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-05 Cubic Designs

New Berlin, Wisconsin, United States

Cubic is the design, prefabrication and installation of custom work platforms and structural mezzanine systems used in distribution, processing, manufacturing, aerospace, and other types of operating facilities. Billow Butler and Company acted as Cubic’s advisor on this transaction.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-03 Ellis & Watts Global Industries

Batavia, Ohio, United States

Ellis & Watts is a in the engineering, design, and fabrication of highly customized HVAC and other products sold into the nuclear, military, and other industrial end markets.

Buy -
Mergr

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