Livingstone engineers trade for Arc Machines

  • dec. 2016
  • Industrial
  • M&A: Sell-Side
  • US

Livingstone’s global Industrial team is pleased to announce the sale of Los Angeles-based Arc Machines, Inc. (“AMI”), a portfolio company of Marwit Capital, to ESAB Welding & Cutting Products. Founded in 1976, AMI designs, engineers, and manufactures automated, orbital tungsten inert gas (“TIG”) welding equipment and associated aftermarket components. 

The Company serves a diverse group of end markets including power generation, semiconductor, oil & gas, aerospace & defense, pharmaceutical, food & beverage, and industrial construction.  AMI’s portfolio of branded weld heads and power supply units represent the gold standard in the industry, and are used in niche applications ranging from thin wall high purity tube welds to heavy cladding for pipe welds.  AMI has over 3,000 customer relationships in 35+ countries.

ESAB Welding & Cutting Products, a Colfax subsidiary company, is a recognized leader in the welding and cutting industry. From time-honored processes in welding and cutting to revolutionary technologies in mechanized cutting and automation, ESAB’s filler metals, equipment, and accessories bring solutions to customers around the globe. ESAB’s acquisition of AMI will add complementary technology and a strong global brand to the ESAB portfolio.

AMI Co-Chief Executive Officer Doug Solomon said, “ESAB is the ideal partner to help AMI reach the next step in its development, and we are excited about the opportunity to leverage ESAB’s technology to continue to offer the most advanced automated orbital welding products to our customers.”

Marwit Capital Managing Partner Matt Witte commented, “We selected Livingstone in part based on their deep understanding of and experience in the global industrial marketplace. Livingstone’s seamless ability to partner with the AMI management team and creative approach to dealmaking were key factors in driving a successful transaction outcome.” 

Livingstone Managing Director and US Industrials Co-Head Karl Freimuth commented, “The AMI transaction represents yet another successful sale to a global strategic acquirer for Livingstone. We are proud to have advised AMI and to have found the Company a strong future partner in ESAB.”

Other recent transactions with such acquirers include the sale of Nu Instruments to Ametek, BlueAir to Unilever, and HawkeyePedershaab to Barry-Wehmiller’s affiliate Forsyth Capital.

Arc Machines marked the 70th transaction Livingstone closed globally in 2016 and 23rd in the Industrial sector, one of the core M&A verticals of the firm. Ice Miller LLP served as legal counsel to Arc Machines. CohnReznick LLP provided accounting diligence and RSM tax diligence services to Arc Machines. Tucker Ellis LLP served as legal counsel to ESAB. Cohen & Company provided accounting diligence services to ESAB.  

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