Altra Industrial $3 billion acquisition of Fortive units

Overview:

• Altra Industrial has acquired four units from industrial conglomerate Fortive in a $3 billion deal. 
• Altra obtained roughly $2 billion in acquisition financing in the form of a $1.64 billion credit facility and a $400 million unsecured bridge facility. 
• Goldman Sachs acted as financial adviser for Altra and UBS Investment Bank acted for Fortive. 
• The transaction is expected to close before the end of 2018. 

Kurt Stumpo - Journalist