Displaying items by tag: Broadwater Companies Inc
Here is the MiBiz Growth Report for July 11, 2016.
• M&A: Belding-based Robroy Enclosures Inc., a subsidiary of Robroy Industries Inc. of Verona, Pa., acquired the assets of Texas-based Attabox Industrial Enclosures, according to a statement. The deal complements Robroy Enclosures’ existing Stahlin Non-Metallic Enclosures brand of fiberglass electrical enclosures. Attabox makes engineered enclosures for the industrial, solar, electrical, telecommunications, HVAC, instrumentation/control, government, oil and gas, and construction markets. Terms of the deal were not disclosed.
Here is the MiBiz Growth Report for June 27, 2016.
• M&A: German company Kion Group AG, an industrial truck, material handling and logistics automation equipment manufacturer, plans to acquire Dematic Corp. for approximately $2.1 billion in what executives described as a “landmark” transaction. The deal values the logistics and automation firm, whose North American operations are based in Grand Rapids, at an enterprise value of $3.25 billion, according to a joint statement. Dematic generated $1.8 billion in revenues and $166 million in adjusted earnings before interest and taxes during the calendar year 2015. Kion Group will acquire Dematic from funds managed by New York City private equity firm AEA Investors LP and the Ontario Teachers Pension Plan. The deal, which is expected to close in the fourth quarter pending regulatory approval, also carves out “certain liabilities,” according to a statement.
Omega Construction Co. was acquired by Vic Laing of Belmont-based Broadwater Companies Inc., according to a statement.