Kohler/Curtis Instruments tombstone

William Blair acted as the exclusive financial advisor to Kohler Co. (Kohler) in connection with its acquisition of Curtis Instruments. Curtis Instruments is a leading designer and manufacturer of motor speed controllers, HMIs and instrumentation, power conversion units, and CAN modules. The transaction closed on December 23, 2021.

Transaction Highlights

  • Unmatched sector expertise in instrumentation and controls: Kohler leveraged William Blair’s extensive knowledge and experience advising relevant electrification and power businesses with significant growth potential. The transaction team effectively communicated Curtis’ ability to accelerate Kohler’s expansion in electrification and hybrid platforms for off-highway commercial vehicles, as well as the opportunity to cross sell power products across the customer base.
  • Strong relationship and trusted advisor: The transaction team worked closely with Kohler executives every step of the process including initial evaluation, diligence, and final negotiations and tactics.
  • Experience with family-owned businesses: William Blair’s experience advising family owned businesses was important for the success of the acquisition given the unique objectives of both sides of the transaction.

About the Companies

Founded in 1960, Curtis Instruments is an electrification partner to OEMs across a broad range of markets, including material handling, golf and recreational vehicles, mobile elevated work platforms, construction, agriculture, turfcare, marine, and select on-road segments. Curtis Instruments is based in Mount Kisco, New York, and employs approximately 1,100 employees across 16 different countries.

Founded in 1873, Kohler is a leading manufacturer of kitchen and bath products, engines and power systems, furniture, and cabinetry and tiles. Its Power Group specializes in gas and diesel engines for the professional and homeowner markets; power solutions for industries ranging from agricultural to automotive applications; power generation solutions for homes, businesses, and marine applications; generators; and power protection solutions. Kohler is based in Kohler, Wisconsin, and employs approximately 40,000 across 29 different countries.

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