M&A Deal Summary

Standex Acquires Associated American Industries

On January 10, 2007, Standex acquired machinery company Associated American Industries for 84M USD

Acquisition Highlights
  • This is Standex’s 5th transaction in the Machinery sector.
  • This is Standex’s 2nd largest (disclosed) transaction.
  • This is Standex’s 6th transaction in the United States.
  • This is Standex’s 1st transaction in Texas.

M&A Deal Summary
Date 2007-01-10
Target Associated American Industries
Sector Machinery
Buyer(s) Standex
Deal Type Add-on Acquisition
Deal Value 84M USD
Advisor(s) Houlihan Lokey (Financial)

Target

Associated American Industries

Allen, Texas, United States
Associated American Industries, Inc. is a source of quality equipment solutions to the food service and retail industries worldwide. The company supplies a wide selection of equipment for cooking, toasting, heating & holding, warming and merchandising food items.

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Buyer(S) 1

Buyer

Standex

Salem, New Hampshire, United States
Category Company
Founded 1955
Sector Manufacturing
Employees3,700
Revenue 721M USD (2024)
DESCRIPTION

Standex is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group, Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. Standex was founded in 1955 and is based in Salem, New Hampshire.

DEAL STATS #
Overall 7 of 27
Sector (Machinery) 5 of 8
Type (Add-on Acquisition) 7 of 24
State (Texas) 1 of 3
Country (United States) 6 of 20
Year (2007) 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-10 American Foodservice

Savannah, Tennessee, United States

American Foodservice Co. is a recognized premium food service equipment manufacturer with expertise in stainless steel, millwork and solid surface stonework.

Buy $84M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-11 BG Laboratories

Binghamton, New York, United States

BG Laboratories is a manufacturer of custom-designed magnetics for the aviation, aerospace and military end-markets.

Buy $2M
Mergr

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