M&A Deal Summary

Specialized Fabrication Equipment Group Acquires Climax Portable Machine Tools

On October 19, 2023, Specialized Fabrication Equipment Group acquired machinery company Climax Portable Machine Tools from Industrial Growth Partners

Acquisition Highlights
  • This is Specialized Fabrication Equipment Group’s 1st transaction in the Machinery sector.
  • This is Specialized Fabrication Equipment Group’s 1st transaction in the United States.
  • This is Specialized Fabrication Equipment Group’s 1st transaction in Oregon.

M&A Deal Summary

Date 2023-10-19
Target Climax Portable Machine Tools
Sector Machinery
Buyer(s) Specialized Fabrication Equipment Group
Sellers(s) Industrial Growth Partners
Deal Type Add-on Acquisition

Target

Climax Portable Machine Tools

Newberg, Oregon, United States
Climax Portable Machine Tools is a supplier of portable machine tools and related products serving the shipbuilding, power generation, service and engineering sectors. Climax Portable Machine Tools was founded in 1966 and is based in Newberg, Oregon.

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Buyer(S) 1

Buyer

Specialized Fabrication Equipment Group

Houston, Texas, United States

Category Company
Sector Manufacturing
DESCRIPTION

Specialized Fabrication Equipment Group is a designer and manufacturer of branded weld-prep equipment. Specialized Fabrication Equipment Group is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Industrial Growth Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 32 of 33
Sector (Machinery) 5 of 5
Type (Add-on Acquisition) 16 of 17
State (Oregon) 1 of 1
Country (United States) 32 of 33
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Des-Case

Goodlettsville, Tennessee, United States

Des-Case is a manufacturer of contamination control products and services for industrial lubricants. Its breathers, specialty filtration products, custom fluid handling equipment and consulting and educational services have helped companies around the world improve their equipment reliability by reducing equipment maintenance costs and downtime. Des-Case was founded in 1983 and is based in Goodlettsville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Voltyx

Nashville, Tennessee, United States

Voltyx provides highly technical, outsourced substation services to a diverse universe of utility, renewable, data center, industrial, and other customers nationwide. Voltyx provides a comprehensive, specialized service offering across transformers, protective relays, and control systems and other related substation apparatus equipment such as breakers, batteries, and switchgear. Voltyx is based in Nashville, Tennessee.

Sell -