Announced
Completed
Financials
Tags
Single Bidder
United States
precision components
spring components
Machinery: Industrial
Acquisition
Domestic
Majority
Private
Private Equity
Friendly
Completed
Synopsis
One Equity Partners, a private equity firm, completed the acquisition of the Associated Spring and Hanggi businesses from Barnes Group, a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, for $175m. “This acquisition is another example of OEP’s ability to execute corporate carve-outs of attractive and specialized industrial assets from major industry players. We believe Associated Spring is well-positioned in the global springs and stampings production sector, and is primed for growth as a major industrial supplier to growing and attractive segments including the aerospace and medical end markets,” Ante Kusurin, One Equity Partner.
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