M&A Deal Summary |
|
|---|---|
| Date | 2023-09-05 |
| Target | Des-Case |
| Sector | Machinery |
| Buyer(s) | Timken |
| Sellers(s) | Industrial Growth Partners |
| Deal Type | Add-on Acquisition |
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Timken designs, engineers, manufactures and markets Timken bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of power system rebuild and repair services around the world. Timken was founded in 1899 and is based in North Canton, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 36 of 40 |
| Sector (Machinery) | 11 of 11 |
| Type (Add-on Acquisition) | 31 of 35 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 26 of 28 |
| Year (2023) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-01 |
American Roller Bearing
Hickory, North Carolina, United States American Roller Bearing is a manufacturer of industrial bearings. American Roller Bearing is based in Hickory, North Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-02 |
Rosa Sistemi
Legnano, Italy Rosa Sistemi is a designer and manufacturer of roller guideways, linear bearings, customized linear systems and actuators, commercialized ball guideways, and precision ball screws. The company serves customers across diverse end markets, including automation and machine tools. Rosa Sistemi was formed in 1978 and is based in Legnano, Italy. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 3.4B USD |
| Size | Large |
| Type | Sector Focused |
Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 34 |
| Sector (Machinery) | 4 of 5 |
| Type (Add-on Acquisition) | 16 of 18 |
| State (Tennessee) | 3 of 4 |
| Country (United States) | 31 of 33 |
| Year (2023) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-31 |
Great North
Edmonton, Alberta, Canada Redco provides a full suite of wellhead, frac completion products, and related services for blue-chip, oil and gas operators and prides itself on its breadth of products, reputation for quality, and outstanding field service capabilities. Redco is based in Edmonton, Alberta. |
Sell | $80M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-19 |
Climax Portable Machine Tools
Newberg, Oregon, United States Climax Portable Machine Tools is a supplier of portable machine tools and related products serving the shipbuilding, power generation, service and engineering sectors. Climax Portable Machine Tools was founded in 1966 and is based in Newberg, Oregon. |
Sell | - |
