William Blair acted as financial advisor to Orbit Irrigation (Orbit), a portfolio company of Platinum Equity (Platinum), in connection with its sale to Husqvarna Group (Husqvarna) (OM: HUSQ B) for approximately $480 million.
- Deep sector knowledge: Orbit Irrigation Systems and Platinum Equity valued William Blair’s extensive knowledge and experience advising lawn and garden, technology-enabled consumer and building products companies, and ability to clearly articulate compelling growth stories to investors.
- Collaborative approach: William Blair utilized cross-sector resources from the consumer and industrial industry groups on a unique convergence opportunity to provide differentiated expertise and facilitate a successful transaction for Orbit and Platinum.
- Highly strategic transaction: Orbit will become part of Husqvarna’s Gardena division, enabling Gardena to expand over time as a premium garden technology brand across North America through its offering of robotic mowers, smart watering solutions, and gardening tools. The combination of Orbit and Gardena also enables accelerated growth for Orbit, leveraging Gardena's innovation capability and broad product portfolio.
About the Companies
Based in Salt Lake City, Utah, Orbit's mission is to bring smart technology to homeowners, landscape professionals, and farmers across the globe. The company serves markets spanning six continents and 40 countries, and for decades has been a worldwide leader in designing and building innovative water optimization products.
Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions, and operations, acquiring and operating companies in a broad range of business markets, including consumer products, manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications, and other industries. Over the past 25 years Platinum Equity has completed more than 250 acquisitions.
Husqvarna Group is a global leading producer of outdoor power products and innovative solutions for forest, park, and garden care. Products include chainsaws, trimmers, robotic lawn mowers, and ride-on lawn mowers. Husqvarna is the European leader in garden watering products and a global leader in cutting equipment and diamond tools for the construction and stone industries. Its products and solutions are sold under brands including Husqvarna, Gardena, McCulloch, Flymo, Zenoah, and Diamant Boart via dealers and retailers to consumers and professionals in more than 100 countries.