M&A Deal Summary

One Equity Partners Acquires Associated Spring

On January 11, 2024, private equity firm One Equity Partners acquired manufacturer Associated Spring from Barnes Group for 175M USD

Acquisition Highlights
  • This is One Equity Partners’ 15th transaction in the Manufacturing sector.
  • This is One Equity Partners’ 10th largest (disclosed) transaction.
  • This is One Equity Partners’ 75th transaction in the United States.
  • This is One Equity Partners’ 5th transaction in Michigan.

M&A Deal Summary
Date 2024-01-11
Target Associated Spring
Sector Manufacturing
Buyer(s) One Equity Partners
Sellers(s) Barnes Group
Deal Type Divestiture
Deal Value 175M USD

Target

Associated Spring

Brighton, Michigan, United States
Associated Spring specializes in engineered spring and precision metal component manufacturing, progressive stamping, micro-stamping, and fine blanking. Associated Spring was founded in 1857 and is based in Brighton, Michigan.

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Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.

DEAL STATS #
Overall 125 of 131
Sector (Manufacturing) 15 of 16
Type (Divestiture) 28 of 29
State (Michigan) 5 of 5
Country (United States) 75 of 78
Year (2024) 1 of 7
Size (of disclosed) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-20 Guidant

Houston, Texas, United States

Guidant provides liquid meters, integrated load management metering systems and related digital solutions involved in materials transfer through infrastructure. Guidant is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Computer Design & Integration

New York, New York, United States

CDI provides a data center and its cloud and managed services portfolio, which includes hybrid cloud management, a complete integrated suite of business continuity solutions, as-a-service offerings, IT service management and its proprietary Hybrid Cloud Automation Framework (HCAF) and Zero Touch Operations (ZTO). CDI was founded in 1995 and is based in New York City.

Sell -

Seller(S) 1

SELLER

Barnes Group

Bristol, Connecticut, United States
Category Company
Founded 1857
Sector Manufacturing
Employees6,500
Revenue 1.5B USD (2023)
DESCRIPTION

Barnes Group is an international aerospace and industrial manufacturing and service provider, serving a wide range of end markets and customers. The products and services provided by Barnes Group are used in far-reaching applications that provide transportation, communication, manufacturing and technology to the world. Barnes Group was incorporated in 1857 and is based in Bristol, Connecticut.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 3 of 3
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 MB Aerospace

Motherwell, United Kingdom

MB Aerospace is a provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers. MB Aerospace was founded in and is based in Motherwell, Scotland.

Buy $740M
Mergr

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