M&A Deal Summary

Xylem Acquires Sensus Metering Systems

On August 15, 2016, Xylem acquired test/measurement equipment company Sensus Metering Systems from TJC for 1.7B USD

Acquisition Highlights
  • This is Xylem’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Xylem’s 2nd largest (disclosed) transaction.
  • This is Xylem’s 7th transaction in the United States.
  • This is Xylem’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2016-08-15
Target Sensus Metering Systems
Sector Test/Measurement Equipment
Buyer(s) Xylem
Sellers(s) TJC
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) Credit Suisse Investment Banking
Goldman Sachs (Financial)
Mayer Brown (Legal)

Target

Sensus Metering Systems

Raleigh, North Carolina, United States
Sensus Metering Systems Ltd. is a provider of advanced metering and related communications systems to the worldwide utility industry and has over a century of experience in designing and manufacturing metering products.

Search 201,539 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Xylem

Washington, District of Columbia, United States

Category Company
Sector Machinery
Employees23,000
Revenue 7.4B USD (2023)
DESCRIPTION

Xylem is a global water technology company. Xylem designs, manufactures, and services highly engineered solutions ranging across a wide variety of critical applications primarily in the water sector, but also in electric and gas. The Company's broad portfolio of solutions addresses customer needs across the water cycle, from the delivery, measurement and use of drinking water to the collection, test and treatment of wastewater to the return of water to the environment. Xylem is based in Washington, District of Columbia.


DEAL STATS #
Overall 12 of 16
Sector (Test/Measurement Equipment) 2 of 3
Type (Add-on Acquisition) 12 of 15
State (North Carolina) 1 of 1
Country (United States) 7 of 10
Year (2016) 2 of 2
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-05 Tideland Signal

Houston, Texas, United States

Tideland Signal Corp. is a provider of navigation solutions, products, services and customer care to a variety of ports and harbors, offshore energy companies, and coastal and marine authorities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Xylem - FLOWTRONEX and Water Equipment Technologies

Rye Brook, New York, United States

Xylem, Inc. - FLOWTRONEX and Water Equipment Technologies (WET) brands deliver a product packages for golf, landscaping, agriculture and water treatment throughout the world.

Buy -

Seller(S) 1

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 35 of 58
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 16 of 21
State (North Carolina) 2 of 2
Country (United States) 34 of 56
Year (2016) 1 of 1
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Parts Authority

Rockville Centre, New York, United States

Parts Authority is an automotive aftermarket replacement parts distribution platform serving the do-it-for-me and do-it yourself e-commerce channels of the automotive aftermarket. Parts Authority was founded in 1972 and is headquartered in Rockville Centre, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Borchers Group

Westlake, Ohio, United States

Borchers Group Ltd. is a provider of coating additive products support progress in colorants, coatings and coating systems - from the production stage through to applications we provide a complete systems approach. Borchers Group was established in 1940 and is based in Westlake, Ohio.

Buy -