Select Transactions:
Burlington Automation Corp. (Canada), market leader with machines for automated cutting of structural steel and tubes, was sold to Lincoln Electric (US).
cfa Toronto West, member of ICFG, advised the seller in 2013.
Burlington Automation Corp. (Canada), market leader with machines for automated cutting of structural steel and tubes, was sold to Lincoln Electric (US).
Target Company Name Burlington Automation Corp.
Deal Types
  • Mergers & Acquisitions
Target Country Canada
Buyer Name / MBO Team / MBI Team Lincoln Electric Holdings
Buyer Country United States
Transaction Description

Situation: Burlington Automation Corp. (BAC), located in Hamilton, Ontario, manufactures a single machine, the PythonX. This machine is the market leader in automated plasma cutting of structural steel and tubes. While the company has sold machines on every continent, it needed 3 things – a global distribution network, a global in-field support network and a marquee brand to take the business to the next level. The absolute best partner for the company was clearly Lincoln Electric Holdings (NASDQ: LECO). With $3 billion in revenue, Lincoln is the world leader in welding equipment and related automation technology.

Solution: CFA Toronto West was hired by BAC in May 2013 to assist in negotiating a major investment from Lincoln. BAC’s 50% increase in sales and profits in the previous 12 months complicated negotiations as it was unknown if this was a maintainable trend or just a blip. After several months of negotiations, an LOI was signed late-September 2013. The transaction was completed on November 15, 2013, when Lincoln executed the agreements to make a significant investment in Burlington Automation Corp.

Industry Sectors
  • Electrical and Electronic Components
  • Engineering and Machinery
ICFG Office Toronto, Canada
ICFG Advisory cfa Toronto West, member of ICFG, advised the seller in 2013.

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