M&A Deal Summary

Miura Acquires Cleaver-Brooks

On May 17, 2024, Miura acquired machinery company Cleaver-Brooks from Harbour Group

Acquisition Highlights
  • This is Miura’s 1st transaction in the Machinery sector.
  • This is Miura’s 1st transaction in the United States.
  • This is Miura’s 1st transaction in Georgia.

M&A Deal Summary
Date 2024-05-17
Target Cleaver-Brooks
Sector Machinery
Buyer(s) Miura
Sellers(s) Harbour Group
Deal Type Add-on Acquisition

Target

Cleaver-Brooks

Thomasville, Georgia, United States
Cleaver-Brooks provides boiler room products and systems to deliver efficient solutions that help its customers and the industry reduce energy usage, cost, and environmental impact. It offers integrated boiler plant solutions for any size application. Cleaver-Brooks was founded in 1929 and is based in Thomasville, Georgia.

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Buyer(S) 1

Buyer

Miura

Tokyo, Japan
Category Company
Sector Machinery
Revenue 158.4B JPY (2023)
DESCRIPTION

Miura is a global manufacturer of boilers headquartered in Matsuyama, southwestern Japan. In addition to steam generation products, the company manufactures, sells, and services water treatment equipment, food processing equipment, medical equipment, marine equipment, and environmental products. The company supports customers in the areas of energy saving and environmental protection and contributing to an environmentally friendly society with appropriate technologies.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $50 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 22 of 23
Sector (Machinery) 7 of 7
Type (Add-on Acquisition) 11 of 12
State (Georgia) 2 of 2
Country (United States) 22 of 23
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-05 Americo Chemical Products

Elgin, Illinois, United States

Americo Chemical Products is a provider of innovative chemical solutions for industries that require surface treatment of metal and other substrates, as well as waste-water treatment. Americo Chemical Products was founded in 1989 and is based in Elgin, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Marshall Excelsior

Marshall, Michigan, United States

Marshall Excelsior is a designer, manufacturer, and supplier of mission-critical, highly engineered flow control products used in the transportation, storage, and consumption of liquefied petroleum gas ("LPG") and liquefied anhydrous ammonia ("NH3"). Marshall Excelsior was founded in 1976 and is based in Marshall, Michigan.

Sell $395M
Mergr

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