M&A Deal Summary

Textron Acquires Greenlee Textron

On January 1, 1986, Textron acquired manufacturer Greenlee Textron

Acquisition Highlights
  • This is Textron’s 1st transaction in the Manufacturing sector.
  • This is Textron’s 2nd transaction in the United States.
  • This is Textron’s 1st transaction in Illinois.

M&A Deal Summary
Date 1986-01-01
Target Greenlee Textron
Sector Manufacturing
Buyer(s) Textron
Deal Type Add-on Acquisition

Target

Greenlee Textron

Rockford, Illinois, United States
Greenlee is a provider of tools to the woodworking and electrical industries.

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Buyer(S) 1

Buyer

Textron

Providence, Rhode Island, United States
Category Company
Founded 1923
Sector Diversified
Employees35,000
Revenue 13.7B USD (2023)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was founded in 1923 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 2 of 48
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 2 of 39
State (Illinois) 1 of 3
Country (United States) 2 of 30
Year (1986) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1960-07-05 Bell Textron

Fort Worth, Texas, United States

Bell Textron is a manufacturer of military helicopters and tilt-rotor aircraft. Bell is committed to building coveted vertical lift products. Bell solves complex mobility issues and supporting consumers, warfighters, and industries with exceptional technology and experiences. Bell Textron was founded in 1935 and is based in Fort Worth, Texas.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1986-01-29 Bostitch

East Greenwich, Connecticut, United States

Bostitch is a manufacturer of power tools.

Sell $193M
Mergr

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