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  6. Techniks Acquires Drake

M&A Deal Summary

Techniks Acquires Drake

On June 10, 2015, Techniks acquired machinery company Drake

Acquisition Highlights
  • This is Techniks’ 1st transaction in the Machinery sector.
  • This is Techniks’ 1st transaction in the United States.
  • This is Techniks’ 1st transaction in Missouri.

M&A Deal Summary
Date 2015-06-10
Target Drake
Sector Machinery
Buyer(s) Techniks
Deal Type Add-on Acquisition

Target

Drake

Imperial, Missouri, United States
Drake Corp. specializes in the custom design, manufacture, and service / reconditioning of carbide and diamond tools in and around the greater Indiana and Missouri territories. Operating out of two manufacturing and service locations.

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Buyer(S) 1

Buyer

Techniks

Indianapolis, Indiana, United States
Category Company
Founded 1997
Sector Machinery
DESCRIPTION

Techniks is a provider of aftermarket CNC tool holders, cutting tools, and work holding solutions. TTG leverages world-class domestic manufacturing capabilities, two well-regarded brands, a global high-value supply chain, R&D technologies, and a history of innovation to service an extensive network of metalworking and industrial distributors, machine OEMs and cutting tool, manufacturers.

DEAL STATS #
Overall 1 of 5
Sector: Machinery M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 5
State: Missouri M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2015 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 O Saw and Tool

Cullom, Illinois, United States

O Saw and Tool LLC (dba RKO Saw) is a manufacturer and distributor of custom industrial saw blades.

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