M&A Deal Summary

SPX Heat Transfer Acquires Yuba Heat Transfer

On November 3, 2009, SPX Heat Transfer acquired engineering company Yuba Heat Transfer from Connell Limited Partnership

Acquisition Highlights
  • This is SPX Heat Transfer’s 1st transaction in the Engineering sector.
  • This is SPX Heat Transfer’s 1st transaction in the United States.
  • This is SPX Heat Transfer’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2009-11-03
Target Yuba Heat Transfer
Sector Engineering
Buyer(s) SPX Heat Transfer
Sellers(s) Connell Limited Partnership
Deal Type Add-on Acquisition

Target

Yuba Heat Transfer

Tulsa, Oklahoma, United States
Yuba Heat Transfer LLC focused on providing advanced engineering design, quality fabrication, and turnkey field services. Yuba Heat Transfer is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

SPX Heat Transfer

Tulsa, Oklahoma, United States
Category Company
Sector Engineering
DESCRIPTION

SPX Heat Transfer LLC delivers advanced engineering design, highest quality fabrication, and turnkey field services for efficient, reliable, and cost-effective electric utility, cogeneration, geothermal, and solar power generation.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

Connell Limited Partnership

Boston, Massachusetts, United States
Category Private Equity Firm
Founded 1987
Size Small
Type Sector Agnostic
DESCRIPTION

Connell Limited Partnership is a private acquisition group that targets companies in the industrial manufacturing sector. Connell has a particular interest in businesses engaged in the metallurgy and manufacturing of metal products. Connell was formed in 1987 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 3 of 7
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (Oklahoma) 1 of 1
Country (United States) 3 of 5
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-03 Dayton Progress

Dayton, Ohio, United States

Dayton Progress Corporation is the global industry leader in the production of punches, pilots, dies, retainers and other metal stamping and forming tools serving the automotive, housing, appliance and ammunition industries. Through its subsidiary PCS Company, it is also a North American leader in the sale of mold bases, components and hot runner systems for plastic injection molds. Dayton has approximately 800 employees located in the U.S., Canada, Mexico, Japan, Taiwan, Portugal, France, Germany, Poland, the Czech Republic and the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 Dayton Progress

Dayton, Ohio, United States

Dayton Progress Corporation is the global industry leader in the production of punches, pilots, dies, retainers and other metal stamping and forming tools serving the automotive, housing, appliance and ammunition industries. Through its subsidiary PCS Company, it is also a North American leader in the sale of mold bases, components and hot runner systems for plastic injection molds. Dayton has approximately 800 employees located in the U.S., Canada, Mexico, Japan, Taiwan, Portugal, France, Germany, Poland, the Czech Republic and the United Kingdom.

Sell -
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