M&A Deal Summary

Pine Grove Holdings Acquires Alturdyne

On March 1, 2023, private equity firm Pine Grove Holdings acquired machinery company Alturdyne

Acquisition Highlights
  • This is Pine Grove Holdings’ 1st transaction in the Machinery sector.
  • This is Pine Grove Holdings’ 7th transaction in the United States.
  • This is Pine Grove Holdings’ 2nd transaction in California.

M&A Deal Summary
Date 2023-03-01
Target Alturdyne
Sector Machinery
Buyer(s) Pine Grove Holdings
Deal Type Special Situations/Distressed

Target

Alturdyne

El Cajon, California, United States
Alturdyne designes and packages back-up generators for various industrial applications. Alturdyne rebuilt turbine engines for major OEMs and also provided regional generator maintenance services. Alturdyne was founded in 1983 and is based in El Cajon, California.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Pine Grove Holdings

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Pine Grove Holdings is a small private investment group focused on venture, private equity, and real estate opportunities. Pine Grove Holdings was formed in 2011 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 7 of 7
Sector (Machinery) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (California) 2 of 2
Country (United States) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 KKSP Precision Machining

Glendale Heights, Illinois, United States

KKSP Precision Machining is a contract manufacturer of high-volume, medium-tolerance, precision-machined metal components for a variety of applications. K&K specializes in brass components and is the largest Davenport screw machine operator in the United States. KKSP Precision Machining was founded in 1968 and is based in Glendale Heights, Illinois.

Buy -
Mergr

Product

Company

Legal