M&A Deal Summary |
|
|---|---|
| Date | 2013-11-01 |
| Target | AST Bearings |
| Sector | Distribution |
| Buyer(s) | Motion Industries |
| Sellers(s) | Tonka Bay Equity Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | BB&T Capital Markets (Financial) |
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| Category | Company |
|---|---|
| Founded | 1946 |
| Sector | Distribution |
| Revenue | 4.6B USD (2015) |
Motion Industries is an industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling. Motion Industries has over 550 operations including 15 distribution centers throughout North America and serves more than 150,000 customers from the food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, wood and lumber, and pharmaceutical industries. Motion Industries was formed in 1946 and is based in Birmingham, Alabama.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 17 |
| Sector (Distribution) | 3 of 14 |
| Type (Add-on Acquisition) | 4 of 17 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 3 of 16 |
| Year (2013) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-03-01 |
BC Bearing Engineers
Burnaby, British Columbia, Canada BC Bearing Engineers Limited operates as a distributor of industrial products and services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-02 |
Paragon Service & Supply
Lima, Ohio, United States Paragon is an industrial distributor serving metalworking customers throughout the region with custom designed tooling. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 560M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Tonka Bay Equity Partners is a Midwest US-based private equity firm that targets control and non-control investments in manufacturing, business services, and value-added distribution companies with at least $2 million of EBITDA. Tonka Bay will consider a variety of transaction situations, including management buyouts, shareholder liquidity events, recapitalizations, and expansions. Tonka Bay Equity Partners was formed in 1998 and is based in Minnetonka, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 24 |
| Sector (Distribution) | 1 of 2 |
| Type (Add-on Acquisition) | 4 of 12 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 8 of 24 |
| Year (2013) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-08 |
CORWIL Technology
Milpitas, California, United States CORWIL Technology Corp. is a provider of high quality integrated circuit assembly and test services to the medical, military and aerospace, OEM electronics and semiconductor industries. CORWIL is the premier provider of wafer thinning and dicing, optical inspection, full assembly and testing of integrated circuits and complex modules. CORWIL Technology Corp. was formed in 1990 and is based in Milpitas, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-11 |
Apex Print Technologies
St. Paul, Minnesota, United States Apex Print Technologies LLC is a technology and data driven revenue cycle management business focused on the healthcare industry. Through it proprietary software as a service platform, the company provides a complete suite of billing cycle solutions. |
Sell | - |
