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M&A Deal Summary

SCM Group Acquires Diversified Machine Systems

On December 4, 2018, SCM Group acquired machinery company Diversified Machine Systems from Progress Equity Partners

Acquisition Highlights
  • This is SCM Group’s 1st transaction in the Machinery sector.
  • This is SCM Group’s 1st transaction in the United States.
  • This is SCM Group’s 1st transaction in Colorado.

M&A Deal Summary
Date 2018-12-04
Target Diversified Machine Systems
Sector Machinery
Buyer(s) SCM Group
Sellers(s) Progress Equity Partners
Deal Type Add-on Acquisition

Target

Diversified Machine Systems

Colorado Springs, Colorado, United States
Diversified Machine Systems LLC is a manufacturer of 3-axis and 5-axis CNC routers and machining centers. Located in Colorado Springs, CO, and serving customers worldwide, DMS supplies machines to a variety of manufacturing sectors including aerospace, automotive, marine, 3D sculpture, and formed plastics among many others. Diversified Machine Systems was founded in 2003 and is based in Colorado Springs, Colorado.

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Buyer(S) 1

Buyer

SCM Group

Rimini, Italy
Category Company
Sector Machinery
DESCRIPTION

SCM Group S.p.A. is an Italian multinational company in machinery and industrial equipment. SCM Group is based in Rimini, Italy.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Progress Equity Partners

Dallas, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Progress Equity Partners is a private investment firm that seeks control positions in 'well-managed, entrepreneurial, service-based businesses.' Progress focuses on companies with sustainable/scalable business models and low capital expenditures. Specific areas of interest include building products/construction services, communication, marketing, facility maintenance services, franchising, manufacturing, retail, specialty food and healthcare services. Progress Equity Partners is based in Dallas, Texas.

DEAL STATS #
Overall 13 of 14
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
State: Colorado M&A 2 of 2
Country: United States M&A 13 of 14
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Terracare Associates

Littleton, Colorado, United States

Terracare Associates is a leading provider of commercial landscape and public infrastructure management services. Terracare Associates provides a diverse range of services to institutional, industrial, commercial and municipal customers, including outsourced road and park maintenance, general landscape services, irrigation management, snow/ice removal, and aquatic/lake management services. Terracare Associates was founded in 1975 and is based in Littleton, Colorado.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Medical Indicators

Hamilton, New Jersey, United States

Medical Indicators is a manufacturer of disposable and reusable medical thermometers. The product uses liquid crystal technically to provide a low cost and extremely accurate method of taking human temperatures. Medical Indicators was founded in 1984 and is based in Hamilton, New Jersey.

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