Emory & Co., LLC served as the exclusive financial advisor to Woods Equipment Company, Oregon Tool and Platinum Equity in the sale of its Wain-Roy division to Epiroc. The transaction closed on November 2, 2022. The terms were not disclosed.
Wain-Roy, Kronnenwetter, WI, is a leading manufacturer of highly engineered attachments for construction, mining and other applications. Wain-Roy manufactures an extensive product range of tractor, tractor loader backhoe (“TLB”), skid steer and excavator attachments, and distributes a broad portfolio of high wear replacement parts.
Epiroc is a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. Epiroc is based in Stockholm, Sweden.
“Wain-Roy is known for its high-quality products and competence,” says Helena Hedblom, Epiroc’s president and CEO. “This acquisition will strengthen our presence in the North American construction market and increase our capacity for manufacturing advanced attachments in that region.”
“We ran a full-scale process, contacting numerous strategic buyers and private equity groups, and Epiroc emerged as the clear choice as the best buyer and best fit,” said Taylor Kotke, Managing Director at Emory & Co.
“We are honored to have worked with our client to transition their business to new owners who will build upon the quality legacy that Wain-Roy is known for,” added John Emory Jr., President of
Emory & Co.
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