Here's the Deal
 

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

June 2011


Weasler Engineering, Inc.
Sale to Actuant Corporation
$155.0 Million


Baird served as the exclusive financial advisor to Weasler


Weasler Engineering, Inc. (“Weasler” or the “Company”), a portfolio company of American Securities, has been acquired by Actuant Corporation (“Actuant”) (NYSE: ATU) for approximately $155 million in cash.

Headquartered in West Bend, Wisconsin, Weasler is a leading global designer and manufacturer of highly engineered drivetrain components and systems for agriculture, lawn and turf, and industrial equipment. Approximately 60% of Weasler’s revenue is derived from Original Equipment Manufacturers, with the balance from aftermarket parts and services, primarily in North America. Weasler’s extensive product offering includes the widest range of drivetrain solutions used in the agricultural market, including grain handling and hay foraging, as well as a variety of torque limiters, high-end gearboxes, clutches and torsional dampers.

Headquartered in New York with an office in Shanghai, American Securities LLC is a U.S. private equity firm that invests in market-leading companies in North America with annual revenues generally ranging from $100 million to $1 billion. Investments are funded from more than $6 billion of committed capital.

Actuant is a publicly traded diversified industrial company with operations in more than 30 countries. Actuant’s businesses are leaders in a broad array of niche markets including branded hydraulic and electrical tools and supplies; specialized products and services for energy markets and highly engineered position and motion control systems. Actuant was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin.

For additional information about this transaction, please contact:
Co-Head of M&A
(704) 553-6611

Managing Director
(312) 609-4913

Director
(414) 298-7644

Vice President
(414) 298-7408

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