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Industrial Machinery & Equipment M&A image Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sun., Apr. 18, 4:11 AM Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.

Slide #86. Clayton, Dubilier & Rice Harsco Corporation Infrastructure division

Acquirer: Clayton, Dubilier & Rice
Acquiree: Harsco Corporation Infrastructure division (NYSE:HSC)
Details: Diversified global industrial company Harsco Corporation (NYSE:HSC) today announced an agreement to sell Harsco's Infrastructure division into a joint venture with Clayton, Dubilier & Rice ("CD&R") under a transaction that will combine the Infrastructure division with Brand Energy & Infrastructure Services, Inc. ("Brand"), which CD&R is simultaneously acquiring from First Reserve. The combined company, which will continue under the name Brand Energy & Infrastructure Services, will be a leading, single-source provider of specialized industrial services to the worldwide energy and infrastructure sectors. Upon closing of the transaction, Harsco will receive cash proceeds of approximately $300 million and a 29 percent equity stake in the combined company, which has an enterprise value of approximately $2.5 billion.



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Company Name: 
Harsco Corp.
Stock buyback: 
HSC buyback
Website: 
www.harsco.com
Sector: 
Business Services & Equipment
Number of ETFs Holding HSC: 
46
Total Market Value Held by ETFs: 
$337.60M
Total Market Capitalization: 
$1.43B
% of Market Cap. Held by ETFs: 
23.58%
 

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Quotes delayed 20 minutes



Buy (3.00 out of 4)
29th percentile
(ranked lower than approx. 71% of all stocks covered)

Analysts' Target Price:
HSC Stock Forecast

Based on Zacks ABR data;
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