Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

April 2007


Quality Measurement, a business unit of Illinois Tool Works Inc
Sale to American Industrial Partners


Baird served as the exclusive financial advisor to ITW on this transaction


Illinois Tool Works Inc. (“ITW”) (NYSE: ITW) recently completed the sale of its Quality Measurement business unit to Micro-Poise Measurement Systems LLC (“Micro-Poise” or the “Company”), a newly formed entity owned by American Industrial Partners (“AIP”). Terms of the transaction were not disclosed.

Micro-Poise is a leading global provider of precision measurement equipment and aftermarket support to the tire and automotive industries in both developed and emerging markets. The Company’s systems are mission critical and are used by manufacturers for process control and quality assurance in order to assess and correct the balance and uniformity of tires, wheels and powertrain components.

ITW is a $14 billion in revenues diversified manufacturer of highly engineered components and industrial systems and consumables. The company consists of approximately 750 business units in 49 countries and employs some 55,000 people.

Founded in 1988, AIP is a private equity firm that makes control equity investments in mid-sized industrial companies that can benefit from the firm’s systematic approach to implementing strategic and operational improvements.

For additional information about this transaction, please contact:
Managing Director
(312) 609-4983
Managing Director
(312) 609-4924
Vice President
(312) 609-4995

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