M&A Deal Summary

Zhejiang Yinlun Machinery Acquires Thermal Dynamics International

On May 23, 2016, Zhejiang Yinlun Machinery acquired machinery company Thermal Dynamics International from Evergreen Pacific Partners for 57M USD

Acquisition Highlights
  • This is Zhejiang Yinlun Machinery’s 1st transaction in the Machinery sector.
  • This is Zhejiang Yinlun Machinery’s largest (disclosed) transaction.
  • This is Zhejiang Yinlun Machinery’s 1st transaction in the United States.
  • This is Zhejiang Yinlun Machinery’s 1st transaction in California.

M&A Deal Summary
Date 2016-05-23
Target Thermal Dynamics International
Sector Machinery
Buyer(s) Zhejiang Yinlun Machinery
Sellers(s) Evergreen Pacific Partners
Deal Type Add-on Acquisition
Deal Value 57M USD

Target

Thermal Dynamics International

Ontario, California, United States
Thermal Dynamics International Corp. is a manufacturer of water- and air-cooled heat exchangers, aluminum radiators and charge air coolers as well as stainless steel integral and remote coolers.

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Buyer(S) 1

Buyer

Zhejiang Yinlun Machinery

Tiantai, China
Category Company
Founded 1958
Sector Machinery
Employees9,174
Revenue 11.0B CNY (2023)
DESCRIPTION

Zhejiang Yinlun Machinery is a producer of stainless steel plate fin oil coolers. Zhejiang Yinlun Machinery was founded in 1958 and is headquartered in Taizhou, China.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Evergreen Pacific Partners

Seattle, Washington, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Evergreen Pacific Partners is a private equity firm that invests in private, middle-market companies in Western North America. Evergreen focuses on buyouts and growth equity investments in companies generating sales of at least $50 million and where the firm can commit at least $15 million of capital. Sectors of interest include manufacturing/distribution, specialty packaging, consumer products and cable television/radio. Evergreen Pacific was formed in 2004 and is based in Seattle, Washington.

DEAL STATS #
Overall 7 of 15
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (California) 3 of 5
Country (United States) 7 of 15
Year (2016) 1 of 4
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Radiant Vision Systems

Redmond, Washington, United States

Radiant Vision Systems LLC is a designer, tester and measurement business for creating optical systems and measuring light and color.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Span Alaska Transportation

Auburn, Washington, United States

Span Alaska Transportation, Inc. is a provider of freight and logistics management services for the Alaska market.

Sell $198M
Mergr

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