M&A Deal Summary

Reel Power International Acquires Reel-O-Matic

On November 6, 2009, Reel Power International acquired machinery company Reel-O-Matic

Acquisition Highlights
  • This is Reel Power International’s 1st transaction in the Machinery sector.
  • This is Reel Power International’s 1st transaction in the United States.
  • This is Reel Power International’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2009-11-06
Target Reel-O-Matic
Sector Machinery
Buyer(s) Reel Power International
Deal Type Add-on Acquisition

Target

Reel-O-Matic

Oklahoma City, Oklahoma, United States
Reel-O-Matic, Inc. designs and manufactures machinery for reeling and coiling of wire, cable, tubing, wire rope, rope, steel, fiber optic material. Reel-O-Matic is located in Oklahoma City, OK.

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Buyer(S) 1

Buyer

Reel Power International

Oklahoma, Oklahoma, United States

Category Company
Founded 1973
Sector Machinery
DESCRIPTION

Reel Power International is a manufacturer of specialty, proprietary, branded material handling equipment used in the manufacturing and handling of wire, cable, hose, pipe, tube, and other flexible materials. End-users include cable and wire manufacturers and distributors, and equipment manufacturers that incorporate Reel Power components into their products (e.g., construction, mining, and drilling equipment manufacturers). Reel Power services the oil and gas, marine, telecom, power, hose, pipe, tube, and wire rope industries. Reel Power International was founded in 1973 and is based in Oklahoma City.


DEAL STATS #
Overall 1 of 3
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Oklahoma) 1 of 1
Country (United States) 1 of 3
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Radoil

Houston, Texas, United States

Radoil, Inc. designs and manufactures offshore and oilfield products.

Buy -