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  6. Quixote Acquires Surface Systems

M&A Deal Summary

Quixote Acquires Surface Systems

On August 30, 2001, Quixote acquired test/measurement equipment company Surface Systems from Horizon Partners

Acquisition Highlights
  • This is Quixote’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Quixote’s 1st transaction in the United States.
  • This is Quixote’s 1st transaction in Missouri.

M&A Deal Summary
Date 2001-08-30
Target Surface Systems
Sector Test/Measurement Equipment
Buyer(s) Quixote
Sellers(s) Horizon Partners
Deal Type Add-on Acquisition

Target

Surface Systems

St. Louis, Missouri, United States
Supplier of electronic pavement monitoring systems and weather forecasts for both the airport and highway markets. The Company is headquartered in St. Louis. On August 30, 2001, SSI was sold to Quixote Corporation, becoming part of this Company's Intelligent Transportation System's Group of companies.

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Buyer(S) 1

Buyer

Quixote

Chicago, Illinois, United States
Category Company
Founded 1969
Sector Transportation
Employees460
DESCRIPTION

Quixote Corp., through its subsidiaries, develops, manufactures, and markets highway and transportation safety products to protect, direct, and inform motorists and highway workers in the United States and internationally.

DEAL STATS #
Overall 1 of 1
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Missouri M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2001 M&A 1 of 1

Seller(S) 1

SELLER

Horizon Partners

Milwaukee, Wisconsin, United States

Investor Investor

Category Family Office
Founded 1990
Size Small
Type Sector Agnostic
DESCRIPTION

Horizon Partners, Ltd. is a private investment holding company which acquires and builds private companies. Horizon looks to invest in medium-sized businesses valued from $3 to $50 million with sales of $10 to $100 million. Sectors of interest include food, specialty chemicals, packaging, general industrial, printing, consumer products, business and financial services, electronics, and plastics. Horizon Partners has offices in Naples, Florida and Milwaukee, Wisconsin.

DEAL STATS #
Overall 7 of 18
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 7
State: Missouri M&A 2 of 2
Country: United States M&A 7 of 17
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-10 Lantor UK

Bolton, United Kingdom

Manufacturer of non-woven fabrics for a variety of applications including protective apparel, orthopedic padding and wound care dressings, and medical products. The Company is headquartered in Manchester, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 WinterQuest

Grand Junction, Colorado, United States

Leading manufacturer of snowshoes in the United States for this emerging winter recreational activity. The Company's principal manufacturing facilities are in Grand Junction, CO and Stowe, VT.

Sell -
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