Brown Gibbons Lang & Company (BGL), the United States office of Global M&A, one of the world’s leading independent M&A advisory firms, today announced the sale of P.W.T. SpA (Pipe Welding Technology), to Illinois Tool Works (NYSE: ITW).
Founded in 1989, Pipe Welding Technology is a leading supplier of automated pipeline welding systems. The company manufactures and supplies advanced equipment and tools for automatic welding in outdoor sites.
Illinois Tool Works Inc. (ITW) is a diversified manufacturer of advanced industrial technology. The company designs and produces an array of highly engineered fasteners and components, equipment and consumable systems, and specialty products and equipment for customers in the U.S. and internationally. The company’s Power Systems & Electronics segment produces arc welding equipment and metal arc welding consumables and related accessories. ITW generated revenues of $15.9 billion in 2010.
Brown Gibbons Lang & Company is a leading independent investment bank serving middle market companies and their owners throughout the U.S. and internationally. BGL’s professionals are experts in mergers & acquisitions, debt & equity placements, financial restructurings, and valuations & financial opinions. BGL is the lead U.S. shareholder in Global M&A, the world’s leading partnership of independent middle market financial advisory firms focusing on cross-border transactions. For more information, www.bglco.com.
Global M&A is one of the world’s leading independent M&A advisory firms. Specialized in the middle market, we provide support and opportunities locally and internationally for clients buying or selling companies as well as financings, corporate restructurings, and other corporate finance transactions. For more information, visit www.globalma.com.