M&A Quarterly News In The Industrials Sector

M&A Quarterly News In The Industrials Sector

By Steve Hauser

May 10, 2018

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.

Industry Indicators

  • Total US manufacturers’ shipments, which indicate manufacturing sector activity, rose 7.4% year-to-date in February 2018 compared to the same period in 2017.
  • The spot price of crude oil, which indicates energy prices paid by manufacturers, rose 23.0% in the week ending April 6, 2018, compared to the same week in 2017.
  • US durable goods manufacturers’ shipments of nonmetallic mineral products, an indicator of demand for abrasive products, rose 4.5% year-to-date in February 2018 compared to the same period in 2017.

Posted by Steve Hauser.

Read the Entire Industrials M&A 2nd Quarter Newsletter Here