M&A Deal Summary

MSA Acquires Bacharach

On May 24, 2021, MSA acquired test/measurement equipment company Bacharach from FFL Partners for 337M USD

Acquisition Highlights
  • This is MSA’s 1st transaction in the Test/Measurement Equipment sector.
  • This is MSA’s largest (disclosed) transaction.
  • This is MSA’s 4th transaction in the United States.
  • This is MSA’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2021-05-24
Target Bacharach
Sector Test/Measurement Equipment
Buyer(s) MSA
Sellers(s) FFL Partners
Deal Type Add-on Acquisition
Deal Value 337M USD

Target

Bacharach

Kensington, Pennsylvania, United States
Bacharach is a designer and manufacturer of gas test and measurement (“T&M”) instrumentation for commercial refrigeration and HVAC equipment, and also develops performance management software for its monitoring products. Bacharach was founded in 1909 and is based in Kensington, Pennsylvania.

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Buyer(S) 1

Buyer

MSA

Cranberry Township, Pennsylvania, United States

Category Company
Founded 1914
Sector Safety/Security
Employees5,200
Revenue 1.8B USD (2024)
DESCRIPTION

MSA engages in the development, manufacture and supply of safety products that protect people's health and safety. Many MSA products typically integrate any combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. MSA Safety was founded in 1914 and is based in Cranberry Township, Pennsylvania.


DEAL STATS #
Overall 6 of 7
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
State: Pennsylvania M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2021 M&A 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Bristol Uniforms

Bristol, United Kingdom

Bristol Uniforms Ltd is a designer and manufacturer of protective clothing for emergency services in the U.K. and across the globe. Founded in 1801 as a clothing manufacturer in Bristol, the company has been a pioneer in the development of specialist firefighter PPE for more than 60 years. Today, Bristol Uniforms employs approximately 200 people. Its garments are sold via a network of approximately 70 experienced distributors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-07 M&C TechGroup

Ratingen, Germany

M&C TechGroup is a provider of gas analysis solutions to detect, measure and monitor various parameters in a range of critical industrial processes across a broad range of industrial markets. M&C TechGroup was founded in 1985 and is based in Ratingen, Germany.

Buy $200M

Seller(S) 1

SELLER

FFL Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 26 of 32
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 10
State: Pennsylvania M&A 1 of 1
Country: United States M&A 24 of 30
Year: 2021 M&A 2 of 4
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Velocity Global

Denver, Colorado, United States

Velocity Global is a global professional employer organization (PEO) and employer of record (EOR). The company provides global expansion and employer⁠-⁠of⁠-⁠record services to clients across all 50 states and nearly 200 countries. Velocity Global was founded in 2014 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 New Look Vision

Saint-Laurent, Quebec, Canada

New Look Vision is a provider of eye care products and services. The Company has retail sales of optical products which can be grouped into four principal categories: (i) prescription and non-prescription eyewear, (ii) contact lenses, (iii) sunglasses, protective eyewear and reading glasses, and (iv) accessories, such as cleaning products for eyeglasses and contact lenses. New Look Vision was founded in 1986 and is based in Saint-Laurent, Quebec.

Buy -