M&A Deal Summary

Textron Acquires InteSys Technologies

On November 1, 1999, Textron acquired engineering company InteSys Technologies from Berkshire Partners

Acquisition Highlights
  • This is Textron’s 1st transaction in the Engineering sector.
  • This is Textron’s 15th transaction in the United States.
  • This is Textron’s 2nd transaction in Texas.

M&A Deal Summary
Date 1999-11-01
Target InteSys Technologies
Sector Engineering
Buyer(s) Textron
Sellers(s) Berkshire Partners
Deal Type Add-on Acquisition

Target

InteSys Technologies

Fort Worth, Texas, United States
InteSys Technologies is a provider of advanced engineering, injection molding and value added assembly pieces to original equipment manufacturers.

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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 30 of 48
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 23 of 39
State (Texas) 2 of 2
Country (United States) 15 of 30
Year (1999) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-27 AB Benzlers

Helsingborg, Sweden

AB Benzlers is a manufacturer of mechanical power transmission products for the material handling, paper and food industries. AB Benzlers produces worm, helical and shaft mounted gears, as well as geared motors and screw jacks at two manufacturing facilities in Sweden and Italy. These products are sold and distributed to the material handling, paper and food industries through 18 sales and distribution offices in Sweden (4), Denmark, Finland, Norway, Austria, Belgium, France, Germany, Italy, the Netherlands, the United Kingdom, Australia, Indonesia, Malaysia and Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-03 KSB Annecy SAS

Schwedt, Germany

KSB Annecy SAS designs and manufactures pumps for the oil and gas industry as well as safety-related pumps for nuclear power plants.

Buy -

Seller(S) 1

SELLER

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 8 of 61
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 3 of 20
State (Texas) 2 of 6
Country (United States) 8 of 52
Year (1999) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-06 Charrette

Woburn, Massachusetts, United States

Provider of traditional and digital products and reprographic services to the professional design marketplace.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Crown Castle

Houston, Texas, United States

Crown Castle operates and leases shared wireless infrastructure, distributed antenna systems, and interests in land under third party towers. The Company's core business is providing access, including space or capacity, to towers, and to a lesser extent, to small cells and third party land interests via long-term contracts, including license, sublease and lease agreements. Crown Castle is based in Houston, Texas.

Sell -
Mergr

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