The report below gives a good overview of the first quarter M&A activity in the Industrials Sector. M&A activity for North American based target companies in the Industrials sector for Q4 2019 included 125 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in December when Arcline Fm Holdings LLC, a portfolio company of Arcline Investment Management acquired Fairbanks Morse Engine from EnPro Industries, Inc. for US$450 million in cash, subject to potential adjustments at closing. Arcline Fm Holdings provides investment services. Fairbanks Morse Engine engages in engine technology and manufacturing. The firm’s products include diesel products, dual fuel products and gas products. The company was founded in 1885 and is headquartered in Beloit, WI.

Read more »

The report below gives a good overview of the fourth quarter M&A activity in the Industrials Sector. M&A activity for North American based target companies in the Industrials sector for Q3 2019 included 141 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in September when Alamo Group, Inc. (NYSE: “ALG”), with yearly revenues exceeding $1.0 billion, and a history of 25+ acquisitions of mobile equipment businesses, acquired Morbark LLC, a portfolio company of Stellex Capital Management LP, for US$352 million in cash, subject to certain post-closing adjustments. Founded in 1957, Morbark is located in Winn, Michigan and manufactures equipment for the forestry, recycling, sawmill and biomass industries. It has approximately 720 employees and has generated total sales of US$225 million in during 2018.

Read more »

The report below gives a good overview of the third quarter M&A activity in the Industrials Sector. M&A activity for North American – based target companies in the Industrials sector for Q2 2019 included 84 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in June when Archrock, Inc. agreed to acquire Elite Compression Services LLC from JDH Capital Co for US$416.2 million in cash and stock. Closing was expected in early August. As part of the acquisition, Archrock would obtain approximately 430,000 large-horsepower compression units. Elite Compression Services is headquartered in Victoria, Texas and provides contract midstream natural gas compression services, primarily in TX, OK, LA, and off-shore Gulf fields.

Read more »

The report below gives a good overview of the second quarter M&A activity in the Industrials Industry Sector. M&A activity for North American based target companies in the Industrials sector for Q1 2019 included 503 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in February when The Toro Co. acquired Charles Machine Works, Inc. for US$700 million in cash. The acquisition includes Ditch Witch and several other brands within the underground construction market. Funding for the transaction was provided through Toro Co’s existing credit facility provided by JP Morgan and Merrill, Lynch, Pierce, Fenner & Smith. The acquisition would allow The Toro Co to further enhance its existing business portfolio of brands within the industry.

Read more »

The report below gives a good overview of the first quarter M&A activity in the Industrials Sector. M&A activity for North American based target companies in the Industrials sector for Q4 2018 included 117 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions closed in October when Nine Energy Service, Inc. acquired Magnum Oil Tools International Ltd for US$507.1 million in cash, stock and contingent payout. The transaction enhances Nine Energy Service’s portfolio of pipe business. It offers flag plugs, magnum disks, setting tools, composite cement retainers, floatation devices and more. Magnum Oil Tools International is located in Corpus Christi, Texas and manufactures downhole products.

Industry Indicators

• Total US manufacturers’ shipments, which indicate manufacturing sector activity, rose 7.6% year-to-date in October 2018 compared to the same period in 2017.
• The spot price of crude oil, which indicates energy prices paid by manufacturers, fell 19.7% in the week ending January 11, 2019, compared to the same week in 2018.
• US steel mill product prices, an indicator of commodity steel costs for manufacturers, rose 18.5% in December 2018 compared to the same month in 2017.

Posted by Stephen Hauser.

Read the Entire Industrials 1st Quarter Newsletter Here

The report below gives a good overview of the fourth quarter M&A activity in the Industrials  sector. M&A activity for North American based target companies in the Industrials sector for Q3 2018 included 95 closed deals, according to data published by industry data tracker FactSet.

Fully one-third of the transactions had a Non-U.S. company as either the direct acquiror or the acquiror’s ultimate parent. Canadian and German firms were the most active buyers, and Sandvik AB from Sweden was involved in two transactions. Several of these are in the highlighted transactions table below. We believe the robust U.S. economy and more now-attractive corporate tax rates will auger well for strong additional in-bound investment.

Another six of the transactions were in the Oil & Gas industry, specifically drilling and development goods and equipment.

Read more »

The report below presents you with a good overview on the third quarter M&A activity in the Industrials  sector. M&A activity for North American based target companies in the Industrials sector for Q2 2018 included 96 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in June when Entegris, Inc. acquired SAES Pure Gas, Inc. from SAES Getters SpA for US$355 million in cash, funded from its available cash. The transaction expands Entegris’ semiconductor business. SAES Pure Gas is located in San Luis Obispo, California and manufactures and supplies gas purifiers. SAES Pure Gas reported a revenue and an adjusted EBITDA of US$91.5 million and US$33.1 million, respectively, for the fiscal year ended December 31, 2017.

Buoyed by a strong economy industrial production was strong during Q2 and is expected to remain that way into Q3.
Read more »

The report below presents you with a good overview on the second Quarter M&A activity in the Industrials  sector. M&A activity for North American based target companies in the Industrials sector for Q1 2018 included 60 closed deals, according to data published by industry data tracker FactSet.

One of the notable transactions of the quarter was announced in March when Tooling Technology LLC, a portfolio company of GenNx360 Capital Partners, acquired Century Tool & Gage Co, a portfolio company of First Capital Partners LLC, Broadgate Capital LLC (Texas) and Highline Equity Partners LLC, for an undisclosed amount. The transaction also includes Century Tool & Die and CTG Bel-Kur. The acquisition complements Tooling Technology LLC’s existing operations.

Manufacturing continues to adopt automation technologies to enhance quality, labor productivity and safety. While the population of robots in U.S. factories has increased dramatically the potential for further growth is enormous considering the size of the U.S. and our machine/worker ratio vs. traditional global peers Japan and Germany.

Read more »

The report below presents you with a good overview on the first quarter M&A activity in the Industrials  sector. M&A activity for North American based target companies in the Industrials sector for Q4 2017 included 209 closed deals, according to data published by industry data tracker FactSet. One of the notable transactions of the quarter closed in December when Linamar Corp acquired Macdon Industries Ltd from Moray Marketing, Inc. for CAD1.2 billion (US$933.6 million) in cash. Linamar Corp. is a.. Read more »

The fourth quarter M&A below provides you a good overview on activities in the Industrials Sector. M&A activity for North American based target companies in the Industrials sector for Q3 2017 included 124 closed deals, according to data published by industry data tracker FactSet.

One of the largest deals of the quarter closed in September when HB Fuller Co acquired Royal Adhesives & Sealants LLC, a portfolio company of American Securities LLC, for US$1.6 billion in cash. The consideration was financed through a new senior secured syndicated term loan facility with Morgan Stanley in an aggregate amount of US$2.1 billion, a public offering of new senior notes, and other financing alternatives. Royal Adhesives & Sealants manufactures and markets adhesives, sealants, and polymer coatings. The acquisition is in line with HB Fuller’s strategic objective to grow its engineering adhesives market.

The Industrials sector had a strong quarter on the public markets outperforming the S&P 500.

Read more »