M&A Deal Summary

Smiths Group Acquires United Flexible

On October 4, 2018, Smiths Group acquired manufacturer United Flexible from Arlington Capital Partners for 345M USD

Acquisition Highlights
  • This is Smiths Group’s 1st transaction in the Manufacturing sector.
  • This is Smiths Group’s 3rd largest (disclosed) transaction.
  • This is Smiths Group’s 7th transaction in the United States.
  • This is Smiths Group’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2018-10-04
Target United Flexible
Sector Manufacturing
Buyer(s) Smiths Group
Sellers(s) Arlington Capital Partners
Deal Type Add-on Acquisition
Deal Value 345M USD
Advisor(s) Lazard Ltd.
Lincoln International (Financial)
Sheppard Mullin (Legal)

Target

United Flexible

Romeoville, Illinois, United States
United Flexible, Inc. engages in the design, development, manufacture, and support of high performance and mission-critical engineered solutions for the transfer of fluids and gases in extreme environments. The Company provides a broad portfolio of product lines including fixed and flexible tubes and precision bellows, which are made to exacting requirements and sold to leading OEMs in attractive end-markets such as aerospace/defense engines and systems, industrial, and power generation.

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Buyer(S) 1

Buyer

Smiths Group

London, United Kingdom
Category Company
Founded 1851
Sector Diversified
Employees15,156
Revenue 3.0B GBP (2023)
DESCRIPTION

Smiths Group is a provider of practical applications of advanced technologies. Smiths Group was founded in 1851 and is based in London, England.

DEAL STATS #
Overall 8 of 8
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Illinois) 2 of 2
Country (United States) 7 of 7
Year (2018) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 Morpho Detection

Newark, California, United States

Morpho Detection, Inc. is a manufacturer and supplier of detection systems and services to improve mission-critical security at airports, borders and other high-risk critical infrastructure sites such as nuclear power plants, military installations and government buildings. It also provides extensive services to maintain and upgrade its broad installed base of equipment and related products.

Sell $76M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Smiths Medical

London, Minnesota, United States

Smiths Medical is a supplier of specialized medical devices and equipment for global markets, focusing on the medication delivery, vital care, and safety devices market segments. Smiths Medical is based in London.

Sell $2.7B

Seller(S) 1

SELLER

Arlington Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Arlington Capital Partners is a middle-market private equity firm focused on buyouts and recapitalizations in targeted growth industries. Arlington targets US based companies valued between $50 and $500 million with strong potential for organic growth and possible consolidation opportunities. Sectors of interest include business services and outsourcing, aerospace/defense, federal and commercial IT, media, education and training, healthcare services, and manufacturing. Arlington Capital was formed in 1999 and is headquartered in Washington DC.

DEAL STATS #
Overall 24 of 38
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 11 of 20
State (Illinois) 1 of 2
Country (United States) 23 of 36
Year (2018) 4 of 5
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-27 Tyto Athene

Herndon, Virginia, United States

Tyto Athene is a full-service systems integrator and managed services provider of communications systems for the department of defense and civilian agency enterprise operations worldwide. Tyto Athene was founded in 2000 and is based in Herndon, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-27 Avalign Technologies

Rosemont, Illinois, United States

Avalign Technologies is a manufacturer of implants and instruments, specialty instrumentation, cutting tools, and cases and trays to the orthopedic medical device and specialty surgical markets. Avalign Technologies, Inc. is comprised of two divisions, avalign orthopedics, and avalign Surgical. Avalign Orthopedics manufactures premium implants and instruments for orthopedic, spine, and trauma applications. Avalign Technologies was founded in 2005 and is based in Rosemont, Illinois.

Sell -
Mergr

Product

Company

Legal