The Stanley Works, New Britain, CT, has agreed to sell its CST/berger laser leveling and measuring business, West Lafayette, IN, to Robert Bosch Tool Corp. for $205 million. This operation had 2007 revenues of $80 million (excluding certain European sales of $10 million), primarily in North American construction-related markets.
The company has also agreed to buy Sonitrol Corp. from an ownership group comprised of Carlyle Venture Partners, Wachovia Capital Partners and Spire Capital Partners as well as selected members of Sonitrol management for $275 million cash (10x EBITDA).
Sonitrol, Berwyn, PA, provides security monitoring services, access control and fire detection systems to commercial customers in North America via two monitoring centers and a national …
Stanley Works Agrees to Sell Laser Leveling Unit to Robert Bosch Tool
The Stanley Works, New Britain, CT, has agreed to sell its CST/berger laser leveling and measuring business, West Lafayette, IN, to Robert Bosch Tool Corp. for $205 million. This operation had 2007 revenues of $80 million (excluding certain European sales of $10 million), primarily in North American construction-related markets.
The company has also agreed to buy Sonitrol Corp. from an ownership group comprised of Carlyle Venture Partners, Wachovia Capital Partners and Spire Capital Partners as well as selected members of Sonitrol management for $275 million cash (10x EBITDA).
Sonitrol, Berwyn, PA, provides security monitoring services, access control and fire detection systems to commercial customers in North America via two monitoring centers and a national …
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- Filed In: Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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