Deal Details
Oregon Tool Sold to Platinum Equity
Summary
Oregon Tool (the “Company”), a portfolio company of American Securities and P2 Capital (“P2”), recently announced its sale to Platinum Equity. The transaction is subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed.
Baird served as a financial advisor to Oregon Tool on this transaction.
About
Oregon Tool is a global, premium-branded, aftermarket-driven precision-cutting-tool powerhouse platform. The Company's portfolio of brands specializes in professional grade precision cutting tools for forestry, lawn and garden; farming, ranching and agriculture; and concrete cutting and finishing. With a multinational manufacturing and distribution footprint, Oregon Tool sells its products in more than 110 countries under the Oregon®, Woods®, ICS®, Pentruder®, Merit®, Carlton® and SpeeCo® brands. The Company is the world's #1 manufacturer of saw chain and guide bars for chainsaws and diamond saw chain for concrete and pipe, a leading manufacturer of agricultural tractor attachments and the leading OEM supplier of first-fit and replacement parts. Oregon Tool is headquartered in Portland, Oregon.American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. American Securities and its affiliates have more than $25 billion under management. American Securities is based in New York, New York with an office in Shanghai.
P2 Capital Partners is an investment firm that applies a private equity approach to investing in the public market. P2 manages a concentrated portfolio of significant ownership stakes in high quality public companies in which it is an active shareholder focused on creating long-term value in partnership with management. P2 will also lead private equity transactions within its public portfolio. P2's limited partners include leading public pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies and high net worth investors. P2 is headquartered in New York, New York.
Founded in 1995, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. Platinum Equity is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years, Platinum Equity has completed more than 300 acquisitions.
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- Date
- August 2021
- Company
- Oregon Tool
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Machinery & Equipment
Electronic Components
- Target Geography
- North America
- Acquiror Geography
- North America
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