M&A Deal Summary

RBC Bearings Acquires Sargent Aerospace & Defense

On March 26, 2015, RBC Bearings acquired aerospace company Sargent Aerospace & Defense from Dover for 500M USD

Acquisition Highlights
  • This is RBC Bearings’ 1st transaction in the Aerospace sector.
  • This is RBC Bearings’ 2nd largest (disclosed) transaction.
  • This is RBC Bearings’ 4th transaction in the United States.
  • This is RBC Bearings’ 1st transaction in Arizona.

M&A Deal Summary

Date 2015-03-26
Target Sargent Aerospace & Defense
Sector Aerospace
Buyer(s) RBC Bearings
Sellers(s) Dover
Deal Type Divestiture
Deal Value 500M USD

Target

Sargent Aerospace & Defense

Tucson, Arizona, United States
Sargent Aerospace & Defense, Inc. is a manufacturer of precision-engineered components and aftermarket services. Sargent performs critical functions on a variety of commercial and military aircraft, submarines and land-based vehicles in operation worldwide, and our customer base includes some of the best-known names in aerospace and defense for both the OEM and MRO marketplaces.

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Buyer(S) 1

Buyer

RBC Bearings

Oxford, Connecticut, United States

Category Company
Founded 1919
Sector Machinery
Employees5,302
Revenue 1.6B USD (2024)
DESCRIPTION

RBC Bearings provides industrial, aerospace, and defense customers with unique design solutions to complex problems and an unparalleled level of service, quality, and support. RBC Bearings was founded in 1919 and is based in Oxford, Connecticut.


DEAL STATS #
Overall 4 of 7
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 2
State (Arizona) 1 of 1
Country (United States) 4 of 6
Year (2015) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-07 Turbine Components

San Diego, California, United States

Turbine Components, Inc. is an FAA certified aircraft gas turbine repair station and manufacturer of precision components for the aerospace markets.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-15 Swiss Tool Systems AG

Burglen, Switzerland

Swiss Tool Systems AG is a provider of modular tooling systems and high-precision boring and turning solutions for metal cutting machines. Swiss Tool Systems is based in Burglen, Switzerland.

Buy $34M

Seller(S) 1

SELLER

Dover

Downers Grove, Illinois, United States

Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.


DEAL STATS #
Overall 23 of 28
Sector (Aerospace) 1 of 1
Type (Divestiture) 19 of 24
State (Arizona) 1 of 1
Country (United States) 18 of 23
Year (2015) 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Datamax-O Neil

Orlando, Florida, United States

Datamax-O'Neil is a manufacturer of fixed and mobile printers used in a variety of retail, warehouse and distribution, and health care applications.

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-17 Texas Hydraulics

Temple, Texas, United States

Texas Hydraulics is a manufacturer of highly engineered, custom-designed hydraulic cylinders, swivels and related components for mobile equipment applications. The Company provides front-end design solutions for the most challenging hydraulic cylinder, swivel, and related applications. Texas Hydraulics uses its technical expertise related to valve integration, position sensing technology, large bore and long stroke cylinder manufacturing to provide a differentiated value proposition to its customers. Texas Hydraulics was founded in 1968 and is based in Temple, Texas.

Sell -