M&A Deal Summary |
|
|---|---|
| Date | 2012-08-08 |
| Target | Clipper Windpower |
| Sector | Renewable Energy |
| Buyer(s) | Platinum Equity |
| Sellers(s) | RTX |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 48.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.
| DEAL STATS | # |
|---|---|
| Overall | 54 of 148 |
| Sector (Renewable Energy) | 1 of 1 |
| Type (Divestiture) | 28 of 59 |
| State (Iowa) | 1 of 2 |
| Country (United States) | 47 of 116 |
| Year (2012) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-01 |
Neovia Logistics
Irving, Texas, United States Neovia Logistics is a provider of integrated logistics services, including service parts logistics, warehousing, business support services, order and inventory management, and other value-added services. Neovia Logistics was founded in 1987 and is based in Irving, Texas. |
Buy | $750M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-02 |
Bway
Atlanta, Georgia, United States Bway Corp. is a manufacturer and distributor of metal and rigid plastic containers that are used primarily for packaging of industrial and consumer products. |
Buy | $1.2B |
| Category | Company |
|---|---|
| Founded | 1934 |
| Sector | Diversified |
| Employees | 185,000 |
| Revenue | 68.9B USD (2023) |
RTX is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries. RTX was founded in 1934 and is based in Arlington, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 18 |
| Sector (Renewable Energy) | 1 of 1 |
| Type (Divestiture) | 4 of 16 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 3 of 16 |
| Year (2012) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-07-25 |
Accudyne Industries
Neuve, Luxembourg Accudyne Industries is a global provider of precision-engineered, process-critical and technologically advanced flow control equipment, systems and high efficiency industrial compressors that deliver consistently high performance and give confidence to customers in the critical industries and serve environments around the world. Accudyne is powered by approximately 2,000 employees at 10 manufacturing facilities, supporting a broad range of customers in more than 150 countries. |
Sell | $3.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-13 |
Sundyne
Arvada, Colorado, United States Sundyne is a manufacturer of precision-engineered, highly reliable, safe, and efficient centrifugal pumps and compressors for use in the hydrocarbon processing, chemical processing, power generation, industrial, and high-pressure water applications. Sundyne was established in 1970 and is based in Arvada, Colorado. |
Sell | $3.5B |
