M&A Deal Summary

Terex Acquires Superior Highwall Miners

On November 6, 2007, Terex acquired machinery company Superior Highwall Miners from TVV Capital for 140M USD

Acquisition Highlights
  • This is Terex’s 7th transaction in the Machinery sector.
  • This is Terex’s 5th largest (disclosed) transaction.
  • This is Terex’s 6th transaction in the United States.
  • This is Terex’s 1st transaction in West Virginia.

M&A Deal Summary

Date 2007-11-06
Target Superior Highwall Miners
Sector Machinery
Buyer(s) Terex
Sellers(s) TVV Capital
Deal Type Add-on Acquisition
Deal Value 140M USD

Target

Superior Highwall Miners

Beckley, West Virginia, United States
Superior Highwall Miners, Inc. is a manufacturer of highwall mining equipment for use in trench mining, open pit mining, contour mining and auger hole mining applications.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Terex

Norwalk, Connecticut, United States

Category Company
Founded 1933
Sector Machinery
Employees10,200
Revenue 5.2B USD (2023)
DESCRIPTION
View of Terex's corporate headquarters in Westport, Connecticut.
View of Terex's corporate headquarters in Westport, Connecticut.

Terex is a diversified manufacturer operating in four business segments, Aerial Work Platforms, Construction, Cranes and Materials Processing. Terex was founded in 1933 and is based in Norwalk, Connecticut.


DEAL STATS #
Overall 9 of 22
Sector (Machinery) 7 of 17
Type (Add-on Acquisition) 7 of 15
State (West Virginia) 1 of 1
Country (United States) 6 of 14
Year (2007) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-31 Reedrill

Denison, Texas, United States

Reedrill is a manufacturer of surface drilling equipment for use in the mining, construction and utility industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-14 ASV Holdings

Grand Rapids, Minnesota, United States

ASV Holdings is a manufacturer of compact rubber track loaders and related accessories, undercarriages and traction products. ASV Holdings was formed in 1983 and is based in Grand Rapids, Minnesota.

Buy $488M

Seller(S) 1

SELLER

TVV Capital

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

TVV Capital is a private investment firm that looks to acquire and grow profitable, middle-market companies. The Firm has a preference for opportunities located in the Southeast US and looks for businesses operating in recession-resistant industries. TVV targets companies with revenues of $10 to $150 million and valued up to $100 million. The Firm typically partners with management to support buyouts, expansion capital financings, and recapitalizations. TVV Capital was formed in 1997 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 1 of 7
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (West Virginia) 1 of 1
Country (United States) 1 of 7
Year (2007) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Southern Quality Meats

Pontotoc, Mississippi, United States

Southern Quality Meats is a fully integrated sausage manufacturer. Founded in 1962, its sausage products are sold under well-known regional brands and private labels. The company serves a stable and diversified base of long-standing customers across the foodservice, retail, and state school channels. Its facility is strategically located among suppliers and customers and has an outstanding food safety record.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-08 Southern Quality Meats

Pontotoc, Mississippi, United States

Southern Quality Meats is a fully integrated sausage manufacturer. Founded in 1962, its sausage products are sold under well-known regional brands and private labels. The company serves a stable and diversified base of long-standing customers across the foodservice, retail, and state school channels. Its facility is strategically located among suppliers and customers and has an outstanding food safety record.

Sell -