Add-on Acquisition • Electrical Equipment

Pentair Acquires ERICO International

On August 18, 2015, Pentair acquired electrical equipment company ERICO International from Court Square Capital Partners for 1.8B USD

Acquisition Context
  • This is Pentair’s 2nd transaction in the Electrical Equipment sector.
  • This is Pentair’s 2nd largest (disclosed) transaction.
  • This is Pentair’s 6th transaction in the United States.
  • This is Pentair’s 1st transaction in Ohio.

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M&A Deal Summary

Date August 18, 2015
Target ERICO International
Sector Electrical Equipment
Buyer(s) Pentair
Sellers(s) Court Square Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target Company

ERICO International

Solon, Ohio, United States
ERICO International Corp. is a global manufacturer and marketer of superior engineered electrical and fastening products for niche electrical, mechanical and concrete applications.
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Buyer Overview 1

Buyer

Pentair

London, United Kingdom

Category Company
Founded 1966
Sector Diversified
Employees9,750
Revenue 4.1B USD (2024)
DESCRIPTION
Pentair facility in Roseville, Minnesota.
Pentair facility in Roseville, Minnesota.

Pentair is a global diversified industrial products company. Pentair's Water and Fluid Solutions segment is a provider of water and fluid processing products and solutions used in a wide range of applications. Pentair's Technical Products segment is a provider of products that enclose and protect some of the world's most sensitive electronics and electrical equipment, ensuring their safe, secure, and reliable performance. Pentair was founded in 1966 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 10 of 18
Sector: Electrical Equipment 2 of 2
Type: Add-on Acquisition 7 of 14
State: Ohio 1 of 1
Country: United States 6 of 13
Year: 2015 2 of 2
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 Nuheat Industries

Delta, British Columbia, Canada

Nuheat Industries Ltd. is a manufacturer and distributor of electric underfloor heating systems in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-09 Hiter Indústria e Comércio de Controles Termo-Hidráulicos

Sao Paulo, Brazil

Hiter Indústria e Comércio de Controles Termo-Hidráulicos Ltda is a manufacturer and marketer of fluid power valves. Hiter is highly synergistic with Spirax Sarco's successful Brazilian steam and process fluid applications business. The Hiter brand has a well established reputation in Brazil with a large installed base.

Sell £4M

Seller Profile 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


Deal Context for Seller #
Overall 34 of 57
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 20 of 25
State: Ohio 2 of 2
Country: United States 31 of 54
Year: 2015 3 of 3
Size (of disclosed) 6 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-13 Fibertech Networks

Rochester, New York, United States

Fibertech Networks LLC is a provider of fiber-optic-based network services.

Sell $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 AHEAD

Chicago, Illinois, United States

AHEAD is a consulting company that helps enterprises transform how and where they run applications and infrastructure. AHEAD creates tailored cloud solutions for enterprises at all stages of the cloud journey. AHEAD was founded in 2007 and is based in Chicago, Illinois.

Buy -