M&A Deal Summary

Tinicum Capital Partners Acquires Watlow

On March 2, 2021, private equity firm Tinicum Capital Partners acquired electrical equipment company Watlow

Acquisition Highlights
  • This is Tinicum Capital Partners’ 2nd transaction in the Electrical Equipment sector.
  • This is Tinicum Capital Partners’ 41st transaction in the United States.
  • This is Tinicum Capital Partners’ 3rd transaction in Missouri.

M&A Deal Summary
Date 2021-03-02
Target Watlow
Sector Electrical Equipment
Buyer(s) Tinicum Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) William Blair (Financial)
Sullivan & Cromwell
Bryan Cave Leighton Paisner LLP (Legal)

Target

Watlow

Saint Louis, Missouri, United States
Watlow is a provider of innovative thermal products and systems. The company designs and manufactures electric heaters and temperature sensors and controls that are used in a wide variety of industries, including semiconductor capital equipment, energy and environmental technologies, medical, foodservice and refrigerated transportation. Watlow was founded in 1922 and is based in Saint Louis, Missouri.

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Buyer(S) 1

Buyer

Tinicum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tinicum Capital Partners is a private equity group that seeks to acquire control of companies through acquisitions or restructurings or to take minority stakes in public or private companies through equity or debt securities. Tinicum's target equity investment size is between $30 and $150 million per transaction. Sectors of interest include aerospace; HVAC components; medical devices; financial services; specialty industrial products or components; pumps, valves and other process control equipment; specialty machinery; electrical equipment; motors and motion control equipment; specialty metals/magnetics; and media/advertising. The Firm will not consider investments in venture capital, real estate, or unproven technology. Tinicum was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 44 of 47
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 19 of 21
State (Missouri) 3 of 3
Country (United States) 41 of 43
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Continental Disc

Liberty, Missouri, United States

Continental Disc Corporation is a manufacturer of rupture disc (bursting disc) devices for a variety of process industries, including chemical, petrochemical, petroleum refining, pharmaceutical, beverage, food and dairy, aerospace, gases, electronics, and other markets worldwide. The company is committed to providing the products, services, and quality from the leading overpressure safety company. Continental Disc Corporation was founded in 1965 and is based in Liberty, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-27 Skyway Towers

Land O’ Lakes, Florida, United States

Skyway Towers is a nationwide telecommunications infrastructure developer that owns and operates multi-tenant communications towers across the United States. The Company’s existing portfolio consists of over 400 high quality communications towers spanning 30 states. Skyway Towers is based in Land O’ Lakes, Florida.

Sell -
Mergr

Product

Company

Legal