M&A Deal Summary

ST Engineering Acquires B.R. Lee Industries

On June 9, 2006, ST Engineering acquired manufacturer B.R. Lee Industries from Arcapita for 130M USD

Acquisition Highlights
  • This is ST Engineering’s 1st transaction in the Manufacturing sector.
  • This is ST Engineering’s 2nd largest (disclosed) transaction.
  • This is ST Engineering’s 1st transaction in the United States.
  • This is ST Engineering’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2006-06-09
Target B.R. Lee Industries
Sector Manufacturing
Buyer(s) ST Engineering
Sellers(s) Arcapita
Deal Type Add-on Acquisition
Deal Value 130M USD

Target

B.R. Lee Industries

Lincolnton, North Carolina, United States
B.R. Lee Industries, Inc was the number one original equipment manufacturer in the U.S. by unit volume for commercial class asphalt pavers and brooms. B.R. Lee also offered a one-stop comprehensive product offering, with approximately 65 different models of equipment for road construction and maintenance equipment and an extensive distribution network that covers all 50 U.S. states and 10 Canadian provinces.

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Buyer(S) 1

Buyer

ST Engineering

Singapore, Singapore
Category Company
Founded 1967
Sector Manufacturing
Employees22,494
Revenue 10.1B SGD (2023)
DESCRIPTION

ST Engineering provides shipbuilding and ship repair, having successfully delivered numerous turnkey solutions for naval and commercial vessels, as well as high engineering content repair and conversion services, leveraging advanced technologies like 3D modelling and digitalisation to enhance operational efficiency and meet complex customer needs. ST Engineering was founded in 1967 and is based in Singapore.

DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Aethon

Pittsburgh, Pennsylvania, United States

Aethon, Inc. is a designer and manufacturer of courier robots for hospitals for tracking and recovering goods, finding and delivering goods, depending on the hospital's specialized needs. Aethon, Inc. was founded in 2004 and is based in Pittsburgh, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Arcapita

Manama, Bahrain

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcapita is a private investment firm with separate investment disciplines spanning venture capital, corporate investment, real estate, and asset-based investments. Arcapita's Corporate Investment practice looks to acquire controlling interests in established companies valued between $50 million and $500 million. Sectors of interest include consumer products/services, healthcare, energy, technology, and manufacturing. Arcapita's infrastructure team looks to invest $50 to $300 million in energy, water, and transportation assets. The Firm will consider opportunities around the globe; including the United States, Latin America, Russia, China, Europe, Middle-East, and India. Arcapita was formed 1997 and has offices in Manama, Bahrain; Atlanta, Georgia; London; and Singapore.

DEAL STATS #
Overall 4 of 33
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 3 of 16
State (North Carolina) 1 of 1
Country (United States) 4 of 23
Year (2006) 1 of 1
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Meridian Surgical Partners

Brentwood, Tennessee, United States

Meridian Surgical Partners LLC is an ambulatory surgery center company developing multiple centers in key US markets. Meridian Surgical Partners was formed in 2006 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Paroc Group Oy AB

Helsinki, Finland

Paroc Group Oy AB is a mineral wool insulation manufacturers in Europe. The company develops, manufactures and distributes stone wool products for use by the building industry and other industrial applications.

Buy -
Mergr

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