Add-on Acquisition • Distribution

Tennant Acquires Dofesa Barrido Mecanizado S.a. De C.V.

On September 1, 2016, Tennant acquired distribution company Dofesa Barrido Mecanizado S.a. De C.V.

Acquisition Context
  • This is Tennant’s 1st transaction in the Distribution sector.
  • This is Tennant’s 1st transaction in Mexico.

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M&A Deal Summary

Date September 1, 2016
Target Dofesa Barrido Mecanizado S.a. De C.V.
Sector Distribution
Buyer(s) Tennant
Deal Type Add-on Acquisition

Target Company

Dofesa Barrido Mecanizado S.a. De C.V.

Aguascalientes, Mexico
Dofesa Barrido Mecanizado S.a. De C.V. is a distributor of tennant equipment.
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Buyer Overview 1

Buyer

Tennant

Eden Prairie, Minnesota, United States

Category Company
Founded 1870
Sector Machinery
Employees4,259
Revenue 1.3B USD (2024)
DESCRIPTION

Tennant is a designer, manufacture and marketer of cleaning products. Its products include equipment for maintaining floors in industrial, commercial and outdoor environments; and coatings for protecting, repairing and upgrading concrete floors. Tennant was founded in 1870 and is based in Eden Prairie, Minnesota.


Deal Context for Buyer #
Overall 2 of 5
Sector: Distribution 1 of 1
Type: Add-on Acquisition 2 of 5
Country: Mexico 1 of 1
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-15 Applied Sweepers International

Falkirk, United Kingdom

Applied Sweepers has specialized in the design, manufacture, sales and after-sale service and support of smaller sweeping machines to sweep downtown areas, sidewalks, and other congested outdoor areas beyond the reach of larger, more traditional street sweepers.

Buy $68M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 IP Cleaning

Summaga, Italy

IP Cleaning SPA (IPC Group) is a provider of professional cleaning solutions for commercial markets. The company designs and manufactures professional cleaning machines and equipment.

Buy $350M