M&A Deal Summary

Snap-on Acquires Sturtevant Richmont

On November 17, 2016, Snap-on acquired machinery company Sturtevant Richmont for 13M USD

Acquisition Highlights
  • This is Snap-on’s 7th transaction in the Machinery sector.
  • This is Snap-on’s 13th largest (disclosed) transaction.
  • This is Snap-on’s 6th transaction in the United States.
  • This is Snap-on’s 1st transaction in Illinois.

M&A Deal Summary
Date 2016-11-17
Target Sturtevant Richmont
Sector Machinery
Buyer(s) Snap-on
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Sturtevant Richmont

Carol Stream, Illinois, United States
Sturtevant Richmont is a designer, manufacturer and distributor mechanical and electronic torque wrenches as well as wireless torque error proofing systems for a variety of industrial applications.

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Buyer(S) 1

Buyer

Snap-on

Kenosha, Wisconsin, United States
Category Company
Founded 1920
Sector Machinery
Employees13,200
Revenue 5.1B USD (2023)
DESCRIPTION
Entrance to Snap-on's corporate headquarters in Kenosha, Wisconsin.
Entrance to Snap-on's corporate headquarters in Kenosha, Wisconsin.

Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. Snap-on was founded in 1920 and is based in Kenosha, Wisconsin.

DEAL STATS #
Overall 10 of 16
Sector (Machinery) 7 of 8
Type (Add-on Acquisition) 8 of 14
State (Illinois) 1 of 1
Country (United States) 6 of 9
Year (2016) 2 of 2
Size (of disclosed) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 Car-O-Liner AB

Västra Frölunda, Sweden

Car-O-Liner AB is a designer, manufacturer and distributor of collision repair equipment to the automotive aftermarket.

Buy $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 Norbar Torque Tools Holdings

Banbury, United Kingdom

Norbar Torque Tools Holdings Ltd. is a manufacturer of a full range of torque products, including wrenches, multipliers and calibrators and has a strong presence in critical industries, including power generation, oil & gas, mining and railroad. Norbar Torque Tools Holdings Ltd. was established in 1942 and is headquartered in Banbury, UK.

Buy $72M
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