Sale to AB SKF
Robert W. Baird & Co. served as the exclusive financial advisor to Lincoln.
AboutLincoln Holdings Enterprises, Inc. (“Lincoln” or the “Company”), an operating company of Harbour Group, recently completed its sale to SKF USA Inc., a subsidiary of AB SKF (“SKF”) (OM:SKF B) for $1.0 billion in cash.
Headquartered in St. Louis, Missouri, Lincoln is a leader in the design, manufacture and supply of highly engineered lubrication systems, pumps, tools and equipment. Lincoln’s three main product lines are automated lubrication systems, hose reels and grease guns, with a focus on the industrial, energy, off-highway, mining, agriculture and steel end markets. The Company has approximately 2,000 employees, with manufacturing operations in the United States, Asia and Europe.
Harbour Group is a privately owned company based in St. Louis, Missouri. Harbour Group and its operating companies are engaged in manufacturing, distribution and specialty services in multiple industries. Since its founding in 1976, Harbour Group has acquired 165 companies in 34 different industries.
SKF, headquartered in Sweden, is a leading global supplier of bearings, seals, mechatronics, lubrication systems and services which include technical support, maintenance and reliability services, engineering consulting and training. With $8.5 billion in sales, SKF employs 40,000 people worldwide and is represented in more than 130 countries.
For additional information about this transaction, please contact:
- December 2010
- Lincoln Holdings Enterprises, Inc.
- Target Location
- North America
- Acquiror Location