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New Deal


Announced

Platinum Equity-backed Orbit Irrigation to acquire the garden business of Bond Manufacturing.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Majority

Private

Private Equity

Household Appliance

Single Bidder

irrigation and garden products

Friendly

Pending

Acquisition

Synopsis

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Platinum Equity-backed Orbit Irrigation, a provider of irrigation systems and related products for the residential and commercial markets, agreed to acquire the garden business of Bond Manufacturing, a manufacturer and distributor of irrigation and garden products. Financial terms were not disclosed. "We have enormous respect for what the Merritt family has built and look forward to working with Daryl and Cam on the next chapter. Combining our businesses will help diversify our product mix and customer base, opening up new growth opportunities for all of us," Stuart Eyring, Orbit CEO.

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