M&A Deal Summary

Stanley Black & Decker Acquires International Equipment Solutions - IES Attachments Business

On August 7, 2018, Stanley Black & Decker acquired manufacturer International Equipment Solutions - IES Attachments Business from International Equipment Solutions for 690M USD

Acquisition Highlights
  • This is Stanley Black & Decker’s 6th transaction in the Manufacturing sector.
  • This is Stanley Black & Decker’s 7th largest (disclosed) transaction.
  • This is Stanley Black & Decker’s 16th transaction in the United States.
  • This is Stanley Black & Decker’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2018-08-07
Target International Equipment Solutions - IES Attachments Business
Sector Manufacturing
Buyer(s) Stanley Black & Decker
Sellers(s) International Equipment Solutions
Deal Type Divestiture
Deal Value 690M USD

Target

International Equipment Solutions - IES Attachments Business

Lexington, Kentucky, United States
International Equipment Solutions LLC - IES Attachments Business is a manufacturer of high quality, performance-driven heavy equipment attachment tools for off-highway applications, with leading brands such as Paladin, Genesis and Pengo.

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Buyer(S) 1

Buyer

Stanley Black & Decker

New Britain, Connecticut, United States

Category Company
Founded 1843
Sector Diversified
Employees50,000
Revenue 15.8B USD (2023)
DESCRIPTION
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.

Stanley Black & Decker is a diversified global producer of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. Stanley Black & Decker was founded in 1843 and is based in New Britain, Connecticut.


DEAL STATS #
Overall 23 of 27
Sector (Manufacturing) 6 of 7
Type (Divestiture) 5 of 5
State (Kentucky) 1 of 2
Country (United States) 16 of 20
Year (2018) 1 of 1
Size (of disclosed) 7 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Newell Brands - Tools

Atlanta, Georgia, United States

Newell Brands, Inc. - Tools includes hand tools, power tools and related accessories.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 Sargent and Greenleaf

Nicholasville, Kentucky, United States

Sargent and Greenleaf designs and manufactures innovative, high-quality mechanical and electronic locks for safes, vaults, safe deposit boxes, and highly sensitive environments. Customers are varied across many segments including banking, cash transit, residential security, railroad/utilities and government security segments. S&G is a pioneer in the high-security industry, inventing several industry firsts, and has a leading innovation and digital platform that consistently brings new and improved products and features to the market. Sargent and Greenleaf was founded in 1857 and is based in Nicholasville, Kentucky.

Sell -

Seller(S) 1

SELLER

International Equipment Solutions

Lexington, Kentucky, United States

Category Company
Sector Machinery
DESCRIPTION

International Equipment Solutions is a global engineered equipment platform serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy markets. IES operates through two primary business units: Paladin, a leading manufacturer of engineered attachment tools for operator-driven equipment, and Crenlo, a leading manufacturer of cab enclosures for operator-driven equipment as well as specialty electronic enclosures. IES’ customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 1,500 people and operates 14 manufacturing facilities in Iowa, Michigan, Minnesota, North Carolina, Ohio, Oregon, Tennessee, Wisconsin and Memmingen, Germany.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 CWS Industries

Surrey, British Columbia, Canada

CWS Industries (Mfg) Corp. manufacturer of top quality attachments, cabs and conversions for heavy equipment used by various high-growth end markets such as mining, oil and gas, forestry, agriculture and construction.

Buy -