M&A Deal Summary |
|
|---|---|
| Date | 1999-04-07 |
| Target | LCI International - Fluid Systems Division |
| Sector | Energy Services and Equipment |
| Buyer(s) | Textron |
| Sellers(s) | LCI International |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1923 |
| Sector | Diversified |
| Employees | 35,000 |
| Revenue | 13.7B USD (2023) |
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 | 21 of 48 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Divestiture) | 5 of 8 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 9 of 30 |
| Year (1999) | 1 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-01-04 |
Avco Financial Services
Providence, Rhode Island, United States Avco Financial Services, Inc. is a provider of financial services to consumers and businesses. Avco Financial Services, Inc. is based in Providence, Rhode Island. |
Sell | $3.9B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-04-08 |
Flexalloy
Streetsboro, Ohio, United States Flexalloy, Inc. is a distributor and provider of vendor managed inventory (VMI) services for the North American fastener market. Vendor managed inventory is a business process whereby a company manages the procurement and supply of an original equipment manufacturers'(OEM's) materials in inventory, and includes such competencies as optimized distribution and procurement networks, just-in-time delivery, and value-added inventory management systems. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1961 |
| Sector | Energy Services and Equipment |
LCI Corporation International is a provider of high quality Evaporation, Drying and Modular Systems and Extrusion, and Spheronization Systems worldwide since 1961. Company success is based on wide range of products, technical expertise, and close working relationships with our customers. This combination allows to provide solutions based on the unique needs of each customer. Company Provide Process Equipment, Laboratory & pilot plant testing, Process design & scale-up, System design & integration, Fabrication & Quality Assurance, Plant commissioning, Process troubleshooting, Spare parts, Field service & repairs and Equipment refurbishing.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (1999) | 1 of 1 |
