Benshaw has been sold to Curtiss-Wright Corporation
Lincoln International announced today that Curtiss-Wright Corporation (NYSE: CW) has acquired the stock of Benshaw Advanced Controls & Drives (“Benshaw”) for approximately $102 million in cash. Benshaw is a market leader in the design, development and manufacturing of mission critical motor control and protection product solutions for leading original equipment manufacturers (OEMs) and industrial customers. The business will become part of Curtiss-Wright’s Flow Control segment. Lincoln International represented the shareholders of Benshaw in this transaction.
As a leading electrical engineering and manufacturing company, Benshaw provides turnkey motor and machine control and protection solutions for OEM customers. Benshaw engineers and manufactures a full range of rugged, reliable and internationally compliant products that smoothly control the amount of electrical current provided to motors. Custom panel solutions include a variety of low and medium voltage components, such as starters, drives, contactors, breakers and other related devices. Benshaw has an installed base of more than 100,000 control units, with hundreds of custom systems designed.
Benshaw’s reputation as the industry leader in custom control solutions and related services has resulted in a premier customer base of some of the world’s largest and most respected companies. Benshaw’s customer base includes the industrial HVAC market as well as the energy processing market, including petrochemicals, power generation, mining and transportation. The company’s sales were approximately $82 million in 2006.
“Lincoln International was invaluable as an advisor in this sale process,” said Sandy J. Zielinski, Chairman and majority shareholder of Benshaw. “Lincoln’s sale process generated several excellent alternatives for the shareholders that far exceeded our initial expectations. Their guidance, perseverance and industry knowledge enabled us to navigate the sale process that resulted in a successful transaction. Curtiss-Wright’s knowledge, experience and resources will continue to strengthen Benshaw’s market position and facilitate its future growth,” she added.
The Benshaw transaction builds on Lincoln International’s strong industrial technology experience, as it marks the firm’s 18th Industrial Equipment and Components deal this year. The Lincoln International transaction team worked closely with shareholders and management throughout the sale process to manage preparatory, marketing, negotiation and due diligence activities.
Meet our Senior Team
View More Transactions
Lincoln is pleased to announce that it has advised Ambienta SGR on the sale of Safim to DexKo
Lincoln International is pleased to announce that Rostra Vernatherm, a portfolio company of Nikel Holdings and Valencia Capital, has been sold to Vernet, a portfolio company of Stirling Square Capital Partners
Lincoln International is pleased to announce that AmeriBest Home Care, a portfolio company of Boyne Capital, has been sold to TEAM Services Group, a portfolio company of Alpine Investors
Lincoln International is pleased to announce the sale of the leading provider of specification-grade luminaires, The Luminaries Group, to Acuity Brands, Inc.