M&A Deal Summary

PaR Systems Acquires OakRiver Technology

On June 28, 2012, PaR Systems acquired machinery company OakRiver Technology from HKW

Acquisition Highlights
  • This is PaR Systems’ 1st transaction in the Machinery sector.
  • This is PaR Systems’ 2nd transaction in the United States.
  • This is PaR Systems’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2012-06-28
Target OakRiver Technology
Sector Machinery
Buyer(s) PaR Systems
Sellers(s) HKW
Deal Type Add-on Acquisition

Target

OakRiver Technology

Oakdale, Minnesota, United States
OakRiver Technology provides innovative manufacturing engineering technology and services to manufacturers of medical devices and high-tech industrial components.

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Buyer(S) 1

Buyer

PaR Systems

Shoreview, Minnesota, United States

Category Company
Founded 1961
Sector Machinery
DESCRIPTION

PaR Systems is a provider of integrated robotic automation and specialized material handling solutions. The company serves the aerospace, medical device, marine/defense, nuclear, and additional select industrial markets. PaR Systems was founded in 1961 and is based in Shoreview, Minnesota.


DEAL STATS #
Overall 3 of 3
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-19 Marine Systems Technology

Cheshire, United Kingdom

MST used development grants to create COMFIRE as a non-combustible composite which would contain fire in enclosed areas and can be also be fabricated into furniture and other items thus reducing the potential for fire. In 2012, a COMFIRE equipped watertight door became the first to pass the US Navy's most stringent N 30 fire test.

Buy -

Seller(S) 1

SELLER

HKW

Indianapolis, Indiana, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1903
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.


DEAL STATS #
Overall 12 of 38
Sector: Machinery M&A 3 of 4
Type: Add-on Acquisition M&A Deals 7 of 19
State: Minnesota M&A 1 of 1
Country: United States M&A 12 of 30
Year: 2012 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-22 FURminator

Fenton, Missouri, United States

FURminator is a innovator, marketer and producer of proprietary, branded pet products.

Sell $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-04 Aero-Metric

Sheboygan, Wisconsin, United States

Aero-Metric, Inc. is a provider of geospatial services to corporate and governmental clients. Using photogrammetric and image processing technologies, Aero-Metric produces maps and provides services which define the earth's topographic shape, identify and measure its natural and man-made features and chronicle its condition

Sell -