M&A Deal Summary

TWG Acquires Lantec Winch & Gear

On March 3, 2008, TWG acquired manufacturer Lantec Winch & Gear

Acquisition Highlights
  • This is TWG’s 2nd transaction in the Manufacturing sector.
  • This is TWG’s 2nd transaction in Canada.
  • This is TWG’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2008-03-03
Target Lantec Winch & Gear
Sector Manufacturing
Buyer(s) TWG
Deal Type Add-on Acquisition

Target

Lantec Winch & Gear

Langley, British Columbia, Canada
Lantec Winch & Gear, Inc., based in Langley, British Columbia, manufactures hydraulic winches, hoists and gear reducers, serving the oil and gas, infrastructure and marine markets.

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Buyer(S) 1

Buyer

TWG

Jenks, Oklahoma, United States
Category Company
Founded 1929
Sector Machinery
DESCRIPTION

Tulsa Winch Group, a Dover Company, headquartered in Tulsa, Oklahoma, TWG is comprised of six companies that specialize in industry specific winches and supporting electronic systems. They include DP Winch, Gear Products, Greer Company, LANTEC, Pullmaster, and Tulsa Winch. TWG is part of the Dover Corporation, an NYSE-traded, multi-billion dollar corporation that manufactures a diverse range of products and components for commercial and industrial use.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-26 Pullmaster Winch

Surrey, British Columbia, Canada

Pullmaster is a manufacturer of hydraulic planetary winches ranging from 1,000 to 50,000 pounds linepull. These winches are utilized in broad based applications in markets that include commercial fishing, construction, dredging, logging, drilling and mining, marine and petroleum. Pullmaster is the market share leader in the marine and fishing markets. The company has a world-wide distribution network and serves a broad range of OEM customers.

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