Deal Details

Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defence, space and process industry end markets. Founded in 1855, Crane has two reporting segments, Aerospace & Advanced Technologies and Process Flow Technologies. Crane is headquartered in Stamford, Connecticut.

Crane BS&U is a leading designer and manufacturer of engineered flow control products and solutions for the water, building services and gas sectors. Founded in 1908, Crane BS&U has a portfolio of well-established, premium brands, including Viking Johnson, Crane Fluid Systems, Helden, Hattersley, NABIC and WASK. Its products help customers connect, control, maintain and repair critical infrastructure in water and gas networks and heating, ventilation and air conditioning systems, including those serving data centres. Crane BS&U operates four sites globally and serves more than 3,000 customers across the UK, Europe, the Middle East and Asia. Its long-standing customer relationships include long-term supply agreements with all major UK water and gas utilities. Crane BS&U is headquartered in Ipswich, United Kingdom.

Exponent is a European private equity firm that partners with ambitious management teams to accelerate the growth of established mid-market businesses. Primarily investing in founder-led companies and corporate carve-outs, Exponent combines capital with sector expertise, operational insight and an extensive industrialist network to help businesses realise their full potential. From its offices in London and Dublin, Exponent works collaboratively with management teams to unlock new growth opportunities, enhance operational performance and create long-term value. Since its inception in 2004, Exponent has raised five funds and invested in over 40 businesses across Ireland, the UK and Benelux. The transaction represents Exponent’s tenth corporate carve-out over the past decade.