Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Dorner Mfg. Corp. (“Dorner” or the “Company”), a portfolio company of EQT Partners (“EQT”), was recently acquired by Columbus McKinnon Corporation (“Columbus McKinnon”) (NASDAQ: CMCO) for $485 million.
Dorner is a leading global provider of high precision conveyor solutions for high growth and resilient end markets including e-commerce, life sciences, food & beverage, industrial automation, packaging and CPG. Dorner supports the quickly evolving automation industry, which is backed by the accelerating adoption of automated solutions. Dorner's robust product portfolio extends across modular standard and highly engineered solutions along with aftermarket parts and services. Dorner's proprietary DTools software provides access to its comprehensive solution library and allows customers to design and specify their own customized conveyors. The Company serves a global blue chip customer base with manufacturing facilities in North America, Latin America, Europe and Asia and has approximately 400 employees worldwide. Dorner was founded in 1966 and is headquartered in Hartland, Wisconsin.
EQT is a purpose-driven global investment organization with more than EUR 84 billion in raised capital and over EUR 52 billion in assets under management across 17 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. EQT is headquartered in Stockholm, Sweden.
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that efficiently and ergonomically move, lift, position and secure materials. Columbus McKinnon is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Columbus McKinnon is headquartered in Getzville, New York.
For additional information about this transaction, please contact: