Desco Completes Four Acquisitions, a PIPE and an Office Move in 2012
Desco completed three acquisitions, a PIPE and an office move during 2012. Included in the acquisitions were Crown Mats and Matting, along with its parent Ludlow Composites Corporation and its Canadian counterpart Matting Technology Corporation, ARPAC, LLC, Whittle & Neher Systems, Inc. which was added to our Marsh Bellofram platform, and 3M brand Tempa-Dot™ Disposable Thermometers which was added to our Medical Indicators platform. The PIPE investment involved roughly 8% of the outstanding shares of a publicly-traded building products company. Desco also moved its corporate offices to New Albany, Ohio, just outside of downtown Columbus, Ohio.
Desco adds 3M brand Tempa-Dot™ Disposable Thermometers to Medical Indicators platform
3M brand Tempa-Dot™ Disposable Thermometers, also known as “color indicating” or “phase-change” thermometers, have been sold to the health care industry since 1996. Included in the sale were the oral, axillary, and rectal thermometers, in both Fahrenheit and Celsius temperature scales. These products are featured in national group purchasing contracts and are currently sold through numerous distribution channels.
Desco Capital Buys 4 Companies in 1st Year With Pot of Available Cash - Business First
The investment arm of a Columbus manufacturing conglomerate has made good on a mandate to shop for acquisitions in its first year... > Read More
Desco Announces Platform Acquisition and Formation of Blackeagle Energy Services
On April 20, 2011, Desco Corporation acquired certain assets and assumed certain specified liabilities of the Colorado divisions of Hettinger LLC. The acquired assets will be part of a new company, Blackeagle Energy Services, and will be led by Jim Claunch, President... > Read More
Desco Announces Platform Acquisition of Mueller Electric Company, Inc.
On April 4, 2011, Desco Corporation acquired the assets of Mueller Electric Company, a manufacturer and distributor of test leads, cable assemblies, clips, connectors, and accessories used primarily in the electronic test and measurement markets... > Read More
Desco Completes Add-On Acquisition for Marsh Bellofram Corporation
On October 11, 2010, Desco Corporation acquired substantially all of the assets of ServoTek Products, Inc. of Hawthorn, New Jersey. ServoTek manufactures instrument grade tachometers for use in rough service, high accuracy applications... > Read More
Desco Capital Announces the Hiring of Greg T. Hicks
Desco Capital, the private equity investment arm of Desco Corporation, today announced the recent hiring of Greg T. Hicks as a Vice President... > Read More
Andrew Bohutinsky has left his position as a partner with Lincoln International to launch a new private equity firm called Desco Capital, peHUB has learned. The Columbus, Ohio-based firm is backed by Desco Corp., a privately held group of 12 manufacturing and industrial technology businesses... > Read More
Desco Goes Deal Hunting with Private-Equity Cash - Business First
An affiliate of a low-profile industrial holding company is going shopping with at least $50 million to spend. Columbus-based Desco Corp., which holds a dozen industrial businesses acquired since it was founded in 1966, has capitalized a new effort that will hunt for investments across much of the nation... > Read More
On April 20, 2010, Desco Corporation acquired selected assets of MTI Global Inc. (“MTI”). With a strong cash position and no need for outside financing, Desco Corporation moved quickly to acquire MTI’s Milton, Florida operations as an add-on for Bellofram Corporation Inc. (“Bellofram”), one of Desco Corporation’s subsidiary companies. Bellofram, located in Newell, West Virginia, specializes in highly engineered rubber products and also has operations in the UK, India and China... > Read more