Vulcan Spring Expands with Acquisition of Gardner Spring
Deal News | Nov 25, 2024 | EIN
Vulcan Spring & Manufacturing Co., a pioneer in custom-engineered spring solutions, has announced its strategic acquisition of Gardner Spring, Inc., a reputable name in the stock spring manufacturing industry since 1907. This significant move aims to expand Vulcan's product offerings and enhance its ability to provide diverse industrial applications with high-quality spring solutions. Gardner Spring, known for its craftsmanship and expertise, will operate as a subsidiary and bring its industry knowledge to Vulcan, which serves sectors like Aerospace, Medical Devices, and Automotive. The acquisition was facilitated by several advisors, including IBG Business and Ballard Spahr LLP, reflecting Vulcan's commitment to growth and innovation in spring manufacturing. Together, these two companies aim to leverage their combined capabilities to drive innovation and deliver enhanced value to their customers.
Sectors
- Manufacturing
- Aerospace & Defense
- Automotive
Geography
- United States – Both Vulcan Spring & Manufacturing and Gardner Spring are headquartered in the United States, which is where the acquisition and operations are taking place.
- Tulsa, Oklahoma – Gardner Spring's headquarters is in Tulsa, Oklahoma, and its operations will remain there post-acquisition.
Industry
- Manufacturing – Both Vulcan Spring & Manufacturing and Gardner Spring are involved in the manufacturing of springs and wire forms, making this industry classification relevant.
- Aerospace & Defense – A primary industry served by Vulcan Spring, which will now be bolstered by the additional capabilities brought by Gardner Spring.
- Automotive – Gardner Spring's expertise in the automotive sector will complement Vulcan's existing operations, thereby expanding its offerings in this industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vulcan Spring & Manufacturing Co. | Acquirer | Company | A leading provider of custom-engineered spring solutions operating since 1967, catering to various industries such as Aerospace and Automotive. |
| Gardner Spring, Inc. | Target company | Company | A historic spring manufacturing company based in Tulsa, Oklahoma, known for its precision and dependability since 1907. |
| IBG Business | M&A Advisor | Company | A national mergers and acquisitions advisory firm involved in facilitating the transaction for Gardner Spring. |
| The Helton Law Firm | Legal Advisor | Company | Provided legal advice to Gardner Spring during the acquisition process. |
| Delancey Street Partners | Advisor | Company | Provided advisory support to Vulcan Spring during the acquisition process. |
| Ballard Spahr LLP | Legal Advisor | Company | Provided legal counsel to Vulcan Spring for the acquisition. |