Add-on Acquisition • Machinery

Precision Castparts Acquires SPS Technologies

On August 18, 2003, Precision Castparts acquired machinery company SPS Technologies for 575M USD

Acquisition Context

This is Precision Castparts’ 2nd transaction in the Machinery sector.
This is Precision Castparts’ 7th largest (disclosed) transaction.
This is Precision Castparts’ 3rd transaction in the United States.
This is Precision Castparts’ 1st transaction in Pennsylvania.

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M&A Deal Summary
Date	August 18, 2003
Target	SPS Technologies
Sector	Machinery
Buyer(s)	Precision Castparts
Deal Type	Add-on Acquisition
Deal Value	575M USD

Target Company

SPS Technologies

Jenkintown, Pennsylvania, United States

SPS Technologies, quality, experience, innovation, and customer support are the key ingredients to success - yours, and ours. As a leading developer, manufacturer and global supplier of the most comprehensive line of aerospace fasteners and precision components, we’re here to help you succeed by providing innovative, high quality products, unrivaled customer support and a thorough understanding of your needs.

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Buyer Overview 1

Buyer

Precision Castparts

Portland, Oregon, United States

Category	Company
Founded	1949
Sector	Manufacturing
Employees	29,900
Revenue	10.0B USD (2015)

DESCRIPTION

Precision Castparts is a manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. Precision Castparts was formed in 1953 and is headquartered in Portland, Oregon.

Deal Context for Buyer	#
Overall	3 of 31
Sector: Machinery	2 of 5
Type: Add-on Acquisition	2 of 26
State: Pennsylvania	1 of 1
Country: United States	3 of 28
Year: 2003	1 of 1
Size (of disclosed)	7 of 10

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2002-01-01	Eldorado s Tooling Business United States Eldorado's Tooling Business is a designer and manufacturer of gundrilling machines and tools for a variety of metalworking industries.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2002-01-01

Eldorado s Tooling Business

United States

Eldorado's Tooling Business is a designer and manufacturer of gundrilling machines and tools for a variety of metalworking industries.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2005-03-08	Air Industries Garden Grove, California, United States Air Industries Corp. is a manufacturer of airframe fasteners, which include bolts, pins, and screws made from titanium and nickel-based alloys.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2005-03-08

Air Industries

Garden Grove, California, United States

Air Industries Corp. is a manufacturer of airframe fasteners, which include bolts, pins, and screws made from titanium and nickel-based alloys.

Buy

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