1. Home >
  2. Companies >
  3. Manufacturing >
  4. United States >
  5. Illinois >
  6. ITW

ITW - M&A Summary and Business Overview

ManufacturingCompany

ITW M&A Summary

ITW has acquired 53 companies, including 1 in the last 5 years. A total of 18 acquisitions came from private equity firms. It has also divested 14 assets.

ITW’s largest acquisition to date was in 2008, when it acquired Quipp for $8.5B. It’s largest disclosed sale occurred in 2015, when it sold Signode Industrial Group to for $3.2B. ITW has acquired in 15 different US states, and 11 countries. The Company’s most targeted sectors include machinery (21%) and manufacturing (15%).

ITW Business Overview

Where is ITW headquartered?

ITW is headquartered in Glenview, Illinois.

What is ITW’s revenue?

ITW disclosed revenue of 15,898M USD for 2024 and 16,107M USD for 2023.

How many employees does ITW have?

ITW has 44,000 employees.

What sector is ITW in?

ITW is a manufacturing company.

When was ITW founded?

ITW was founded in 1912.

M&A Summary

  • M&A Total Activity62
    • M&A Buy Activity49
    • M&A Sell Activity14
  • Total Sectors Invested 15
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 33
  • M&A Advisors 3

ITW

Illinois Tool Works, Inc.

155 Harlem Avenue,
Glenview, Illinois 60025
United States,
(847) 724-7500
www.itw.com

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 48 1 - - - - 49
vol $9.7B $9.7B
Sell (0.2/yr) # 13 - 1 - - - 14
vol $4.3B $4.3B
  63

Most Recent M&A

Company Date Value Type
Kiwiplan, Inc. 2022-07-05 - Divestiture
Cincinnati, Ohio · www.kiwiplan.com
MTS Systems - Test & Simulation Business 2021-01-19 - Divestiture
Wallingford, Connecticut
Kester, Inc. 2019-12-03 68M USD Divestiture
Itasca, Illinois · www.kester.com
ITW Insulation Systems, Inc. 2019-11-21 - Divestiture
Houston, Texas · www.itwinsulation.com
National Service Center, Inc. 2019-04-01 - Divestiture
Greenville, South Carolina
ZF TRW - Engineered Fasteners and Components business (EF&C) 2016-01-25 450M USD Divestiture
, Germany
Signode Industrial Group, Inc. 2015-05-01 3.2B USD Divestiture
Glenview, Illinois · www.signode.com
CCI Corp. 2013-08-08 - Divestiture
Tulsa, Oklahoma
Vesta Catering Equipment Co., Ltd 2013-07-03 - Add-on Acquisition
Guangzhou, China · www.vesta-china.com
Illinois Tool Works - Forkardt Operations 2013-05-09 34M USD Divestiture
, Germany
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
PBT Brands, Inc. 2004-12-31 Accessories Marketing, Inc. 2010-04-01 1
Hartford, Connecticut · www.permatex.com San Luis Obispo, California · www.slime.com

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 10 (21%) 8.5B (87%) 2 (14%) 684M (16%)
Manufacturing 7 (15%) 55M (1%) 1 (7%) -
Building Materials 4 (8%) - 2 (14%) 395M (9%)
Chemicals 5 (10%) 90M (1%) - -
Test/Measurement Equipment 4 (8%) - 1 (7%) -
Packaging 3 (6%) 550M (6%) 1 (7%) 3.2B (74%)
Electrical Equipment 2 (4%) 89M (1%) 2 (14%) 68M (2%)
Electronics 3 (6%) - - -
Automotive 2 (4%) 450M (5%) 1 (7%) -
Software 2 (4%) - 1 (7%) -
Medical Products 2 (4%) - - -
Business Services 1 (2%) - 1 (7%) -
Information Technology 1 (2%) - 1 (7%) -
Plastics 1 (2%) - 1 (7%) -
Distribution 1 (2%) - - -
Total 48 $9.7B 14 $4.3B

By Geo

State/Country Buy Value Sell Value
United States 32 9.3B 12 4.3B
  Illinois 4 729M 3 3.3B
  Ohio 4 - 1 -
  Massachusetts 4 55M 1 -
  Minnesota 3 - 1 650M
  Texas 2 - 2 395M
  Connecticut 3 - - -
  South Carolina 2 - 1 -
  Pennsylvania 2 - - -
  California 2 - - -
  Oregon 1 - 1 -
  Tennessee 1 - - -
  Missouri 1 - - -
  Georgia 1 - - -
  Florida 1 8.5B - -
  Oklahoma - - 1 -
  Kentucky - - 1 -
Germany 3 450M 1 34M
Canada 2 - 1 -
  Ontario 2 - 1 -
United Kingdom 3 - - -
China 2 - - -
France 2 - - -
Denmark 1 - - -
Netherlands 1 - - -
South Africa 1 - - -
Spain 1 - - -
Switzerland 1 - - -
Domestic 32 (65%) 9.3B (95%) 12 (86%) 4.3B (99%)
Cross-border 17 (35%) 450M (5%) 2 (14%) 34M (1%)
Total 49 $9.7B 14 $4.3B

Top M&A Advisors

Financial Deals
Baird
 1
Goldman Sachs
 1
Legal Deals
Mayer Brown
 1

Deal Values

buy # Total
> $1B 1 $8.5B
$100M to $1B 2 $1.0B
< $100M 3 $234M
TOTAL $9.7B
Largest Quipp, Inc.
$8.5B (2008-03-27)
sell # Total
> $1B 1 $3.2B
$100M to $1B 2 $1.0B
< $100M 2 $102M
TOTAL $4.3B
Largest Signode Industrial Group, Inc.
$3.2B (2015-05-01)

M&A Connections

Deals
Acquired from
Investor(s)
29%
14 (29%)
Strategic(s)
12%
6 (12%)
Divested to
Investor(s)
29%
4 (29%)
Strategic(s)
64%
9 (64%)

Company Summary

SECTOR

Manufacturing

Revenue

15,898   2% 2024
16,107   2% 2023
15,932   11% 2022
14,455   15% 2021
12,574   11% 2020
14,109   5% 2019
14,768   4% 2018
14,314   6% 2017
13,599   2% 2016
13,405   8% 2015
14,484   3% 2014
14,135   5% 2013
14,791   2012
(millions of USD) Show More Show Less

Employees

44,000

Established

1912

Public

NYSE: ITW

 Subscribe to unlock this and 215,016
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
Get Full Access

What's Mergr?

Mergr is a user-friendly database designed to simplify the complex world of private equity and M&A for busy professionals.

We created Mergr to eliminate the challenge of tracking company acquisitions, sales, and ownership, providing clear insights into investment firms and their activities. For example, explore a company's M&A activity, ownership history, and connections - organized to help you uncover opportunities and make informed decisions.

With Mergr, gain access to a comprehensive, interconnected web of transactions, investors, companies, and advisors - all in one place.

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.7K Private Equity Firms
  • 208K M&A Transactions
  • 210K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.7K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

What next?

Get Full Access

Full access to Mergr's investor, acquirer, and transaction data starts here.

Related Lists for ITW

Manufacturing Companies

Related Lists for Manufacturing Companies

Largest Manufacturing Companies , Acquisitive Manufacturing Companies , Recently Acquired Manufacturing Companies , Recently Sold Manufacturing Companies , Private Manufacturing Companies , Public Manufacturing Companies , Acquired Manufacturing Companies , PE Backed Manufacturing Companies
Mergr

Solution for

Product

Company

Legal