Stanley Black & Decker will acquire a 20 percent stake in MTD Products, a privately held global manufacturer of outdoor power equipment, for $234 million in cash. Under the terms of the agreement, Stanley Black & Decker has the option to acquire the remaining 80 percent of MTD beginning on July 1, 2021. Stanley Black & Decker, an S&P 500 company,... read more
Jain Irrigation acquired ETwater. Terms of the deal were not disclosed. The transaction will close shortly after certain customary conditions are met. “Jain is the technology leader for irrigation monitoring and control, and we are thrilled to have ETwater join our family,” said Aric Olson, president of Jain Irrigation. “After several successful irrigation technology acquisitions, the addition of ETwater, the... read more
Senske Lawn & Tree Care acquired the assets of LawnTech, a lawn and tree care and pest control provider based in Idaho Falls, Idaho. Senske ranks No. 71 on the 2018 LM150 list, with $27.88 million in 2017 annual revenue. LawnTech is a specialist for tree care, lawn care, pest control, pruning and landscaping. Services will continue uninterrupted by the current... read more
SiteOne Landscape Supply acquired Stone Center – Northern Virginia and Florida-based CentralPro, marking its 10th and 11th acquisitions in 2018, respectively. Terms of the transactions were not disclosed. Started in 1999, Stone Center is a leading distributor of hardscapes, landscape supplies and outdoor lighting in the Washington, D.C., metropolitan area, with one location in Manassas, Va. “We are very excited to welcome Stone Center... read more
SiteOne Landscape Supply acquired Landscape Express, marking its eighth acquisition in 2018. Terms of the transaction were not disclosed. Founded in 1994, Landscape Express is a distributor of hardscapes and landscape supplies with four locations in the Boston metropolitan area. “We are very excited to welcome Landscape Express to the SiteOne family,” said Doug Black, chairman and CEO of SiteOne.... read more
Midwest Equipment (MWE), a manufacturer and supplier of tires, tracks and undercarriage components for compact equipment, acquired Nighthawk Machinery. Terms of the transaction were not disclosed. “MWE’s solid tire and rubber track business is growing,” said James Cline, president of MWE. “To prepare for that growth, we’re expanding our product portfolio. No matter what the application or duty cycle, our... read more
