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Announced

Completed

High Road Capital-backed John Henry Foster Minnesota completed the acquisition of distribution business of Motion Tech Automation.

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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Domestic

Auto Services

Majority

Completed

automation

Private Equity

United States

Friendly

Private

Single Bidder

automobile distribution

Acquisition

Synopsis

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High Road Capital-backed John Henry Foster Minnesota, a compressed air, robotics & automation distributor, completed the acquisition of the distribution business of Motion Tech Automation, a manufacturer of industrial automation controls. Financial terms were not disclosed. "We are excited to add MTD to the JHFoster family. MTD's product breadth and depth will complement the well-established lines we already provide. This acquisition strengthens JHFoster's position as a supplier of choice for our customers' automation and motion control needs," Nick Martino, John Henry Foster CEO.

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