Add-on Acquisition • Business Services

Tennant Acquires M&F

On March 1, 2024, Tennant acquired business services company M&F

Acquisition Context

This is Tennant’s 1st transaction in the Business Services sector.
This is Tennant’s 1st transaction in Austria.

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M&A Deal Summary
Date	March 1, 2024
Target	M&F
Sector	Business Services
Buyer(s)	Tennant
Deal Type	Add-on Acquisition

Target Company

M&F

Neumarkt am Wallersee, Austria

M&F offers clients a wide range of services from financing to the sale of its products. For start-ups, during ongoing business operations, and when introducing innovations or corporate changes, outside professional help is often valuable to avoid costly and time-consuming mistakes. M&F is based in Neumarkt am Wallersee, Austria.

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Buyer Overview 1

Buyer

Tennant

Eden Prairie, Minnesota, United States

Category	Company
Founded	1870
Sector	Machinery
Employees	4,259
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	5 of 5
Sector: Business Services	1 of 1
Type: Add-on Acquisition	5 of 5
Country: Austria	1 of 1
Year: 2024	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-02-02	Tennant Coatings Golden Valley, Minnesota, United States Tennant Coatings is a designer and manufacturer of indoor and outdoor coatings systems for a variety of applications and industries. Tennant Coatings is based in Golden Valley, Minnesota.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2021-02-02

Tennant Coatings

Golden Valley, Minnesota, United States

Tennant Coatings is a designer and manufacturer of indoor and outdoor coatings systems for a variety of applications and industries. Tennant Coatings is based in Golden Valley, Minnesota.

Sell

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