Deal Details
acquisition of Eclipse, Inc.
Summary
Baird served as the exclusive financial advisor to Melrose Industries PLC on this transaction.
About
Elster Gas, an operating segment of Melrose Industries PLC (“Melrose”) (LSE: MRO), recently acquired Eclipse, Inc. (“Eclipse”) for $158 million.Eclipse is a manufacturer of gas combustion components and systems for industrial heating and drying applications. Eclipse operates manufacturing facilities worldwide and is headquartered in Rockford, Illinois.
Elster Gas designs and manufactures gas measurement, process heat control and gas safety control equipment, supplying a global customer base in more than 110 countries. Elster Gas specializes in high-temperature industrial gas combustion applications. Elster Gas is headquartered in Mainz-Kastel, Germany.
Melrose is an investment company focused on the manufacturing sector. Melrose brings a combination of operational, managerial and strategy enhancements to its acquired businesses. Melrose is headquartered in London, United Kingdom.
For additional information about this transaction, please contact:
- Date
- October 2014
- Company
- Melrose Industries plc
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- Europe
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