M&A Deal Summary

The Weir Group Acquires ESCO

On April 19, 2018, The Weir Group acquired manufacturer ESCO for 1.3B USD

Acquisition Highlights
  • This is The Weir Group’s 3rd transaction in the Manufacturing sector.
  • This is The Weir Group’s largest (disclosed) transaction.
  • This is The Weir Group’s 7th transaction in the United States.
  • This is The Weir Group’s 1st transaction in Oregon.

M&A Deal Summary
Date 2018-04-19
Target ESCO
Sector Manufacturing
Buyer(s) The Weir Group
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Wells Fargo Securities (Financial)
Stoel Rives
Linklaters (Legal)

Target

ESCO

Portland, Oregon, United States
ESCO Corp. is an independent developer and manufacturer of highly engineered wear parts and replacement products used in mining, infrastructure development, oil and gas, and industrial applications. We have focused on product innovation throughout our 100-year history. Our expertise in metallurgy, tribology (the science of wear), design engineering, manufacturing processes, and distribution are our core competencies.

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Buyer(S) 1

Buyer

The Weir Group

Glasgow, United Kingdom
Category Company
Founded 1871
Sector Engineering
Employees12,391
Revenue 2.6B GBP (2023)
DESCRIPTION

The Weir Group is a global engineering solution provider, we focus on designing, manufacturing and supplying innovative products and expert engineering services for the minerals, oil & gas, and power & industrial markets. The Weir Group was founded in 1871 and is based in Glasgow, United Kingdom.

DEAL STATS #
Overall 16 of 16
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 16 of 16
State (Oregon) 1 of 1
Country (United States) 7 of 7
Year (2018) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-11 KOP Surface Products Pte

Singapore, Singapore

KOP Surface Products Pte Ltd. is a provider of wellheads, surface trees, valves, actuators and aftermarket services for the oil and gas industry. KOP Surface Products Pte Ltd. is based in Singapore.

Buy $114M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 Trillium

Glasgow, United Kingdom

Trillium specialises in the design and manufacture of valves, pumps, and controls for the global power generation, downstream oil & gas and industrial sectors. Trillium is based in Glasgow, United Kingdom.

Sell £275M
Mergr

Product

Company

Legal