Add-on Acquisition • Machinery

U.S. Water Services Acquires Tonka Equipment Co.

On September 8, 2017, U.S. Water Services acquired machinery company Tonka Equipment Co. from Meriwether Capital

Acquisition Context
  • This is U.S. Water Services’ 1st transaction in the Machinery sector.
  • This is U.S. Water Services’ 4th transaction in the United States.
  • This is U.S. Water Services’ 1st transaction in Minnesota.

Explore All 2379 Add-on Acquisition Machinery Deals - Search the Database Free


M&A Deal Summary

Date September 8, 2017
Target Tonka Equipment Co.
Sector Machinery
Buyer(s) U.S. Water Services
Sellers(s) Meriwether Capital
Deal Type Add-on Acquisition

Target Company

Tonka Equipment Co.

Plymouth, Minnesota, United States
Tonka Equipment Co., Inc. (Tonka Water) is an engineer customize water treatment solutions for a variety of applications including surface water, groundwater, water reuse, industrial process water, remediation, and advanced wastewater treatment. Tonka Equipment Co was founded in 1956 and is based in Plymouth, Minnesota.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

U.S. Water Services

St. Michael, Minnesota, United States

Category Company
Founded 1997
Sector Environmental
Revenue 120M USD (2014)
DESCRIPTION

U.S. Water Services is a provider of integrated industrial solutions for water treatment. U.S. Water Services was founded in 1997 and is based in St. Michael, Minnesota.


Deal Context for Buyer #
Overall 4 of 4
Sector: Machinery 1 of 1
Type: Add-on Acquisition 4 of 4
State: Minnesota 1 of 1
Country: United States 4 of 4
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-18 Water & Energy Systems Technology

Santa Fe Springs, California, United States

Water & Energy Systems Technology, Inc. is a provider of specialty chemicals and engineering service for water treatment in a variety of industries including commercial & institutional facilities, light industry, oil fields, and central heating/cooling plants.

Buy -

Seller Profile 1

SELLER

Meriwether Capital

New York, New York, United States

Category Private Equity Firm
Founded 1976
Size Small
Type Sector Agnostic
DESCRIPTION

Meriwether Capital is a private equity firm focused on acquiring middle-market private companies and corporate divestitures. Meriwether prefers opportunities located in the Eastern US with EBITDA of at least $2 million. Target sectors include specialty manufacturing, distribution, and service. Meriwether typically seeks majority positions. Meriwether Capital was formed in 1976 and is based in New York, New York.


Deal Context for Seller #
Overall 5 of 5
Sector: Machinery 1 of 1
Type: Add-on Acquisition 2 of 2
State: Minnesota 1 of 1
Country: United States 5 of 5
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Segrest

Gibsonton, Florida, United States

Segrest, Inc. is a wholesale distributor of tropical fish to pet store chains and independent pet shops.

Sell $60M