Altra Industrial Motion
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Altra Industrial Motion - overview
Location
Braintree, MA, US
Primary Industry
Industrial Machinery
About
Altra Industrial Motion specializes in power transmission and motion control products, offering solutions for various industries including material handling and food processing to enhance efficiency and reliability in machinery. Altra Industrial Motion is involved in the design and manufacture of motion control and power transmission products. The company was established in Braintree, US, and has undergone significant transformations since its inception. In 2006 and 2007, Altra completed its initial public and secondary offering of common stock, during which Genstar III sold its entire stake in the company.
The company has raised a total of USD 110. 00 mn across its funding rounds, with the most recent being a Private Placement/Follow on on June 26, 2007. Altra Industrial Motion specializes in a diverse range of power transmission and motion control products, serving various industries such as material handling, food processing, and packaging. The company's core product offerings include clutches, brakes, gearboxes, couplings, and linear actuators, which enhance machinery and equipment efficiency and reliability.
These products address specific challenges in performance, safety, and durability, offering solutions for applications requiring precision control and robust functionality. Altra serves a broad client base of original equipment manufacturers (OEMs) and end-users, particularly in North America, Europe, and Asia-Pacific markets, where their products are integral to industrial automation and machinery operation. In 2022, Altra Industrial Motion generated revenue amounting to USD 1,945. 50 mn, with an EBITDA of USD 338.
00 mn. The company's revenue is primarily derived from B2B transactions, focusing on direct sales to OEMs and distributors through partnerships and long-term contracts. Revenue is generated from flagship products tailored for high-performance applications, with pricing structures designed to accommodate both bulk orders and customized solutions, ensuring a sustainable financial model that supports ongoing innovation and market presence. Altra Industrial Motion aims to continue its growth strategy through the introduction of upcoming new products designed to enhance their current offerings, although specific release dates have not been disclosed.
The company is also planning to expand into new geographic regions, with a focus on increasing its market presence in Asia-Pacific by 2025. The recent funding raised through the Private Placement/Follow on will support these initiatives, enabling Altra to invest in product development and market expansion.
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.altraindustrialmotion.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Altra Industrial Motion - timeline of key events
Altra Industrial Motion - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 674,812,000 | 731,990,000 | 722,218,000 | 819,817,000 | 746,652,000 | 708,906,000 | 876,737,000 | 1,175,342,000 | 1,834,100,000 | - | - | - |
| % Revenue Growth (YoY) | - | 8.5% | (1.3%) | 13.5% | (8.9%) | (5.1%) | 23.7% | 34.1% | 56.0% | - | - | - |
| EBITDA (USD) | 99,531,000 | 110,355,000 | 100,376,000 | 110,549,000 | 95,701,000 | 78,246,000 | 119,958,000 | 162,070,000 | 357,100,000 | - | - | - |
| Operating Income (USD) | 72,434,000 | 76,851,000 | 71,579,000 | 75,109,000 | 64,214,000 | 47,546,000 | 80,987,000 | 86,677,000 | 224,100,000 | - | - | - |
| Operating Margin | 10.7% | 10.5% | 9.9% | 9.2% | 8.6% | 6.7% | 9.2% | 7.4% | 12.2% | - | - | - |
| % EBITDA Margin | 14.7% | 15.1% | 13.9% | 13.5% | 12.8% | 11.0% | 13.7% | 13.8% | 19.5% | - | - | - |
| NET Income (USD) | 37,675,000 | 24,205,000 | 40,185,000 | 40,182,000 | 35,343,000 | 25,140,000 | 51,427,000 | 35,341,000 | 127,200,000 | - | - | - |
| % Net Margin | 5.6% | 3.3% | 5.6% | 4.9% | 4.7% | 3.5% | 5.9% | 3.0% | 6.9% | - | - | - |
Altra Industrial Motion - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Svendborg Brakes | - | ||||||||
| Private Placement/Follow on | Completed | Altra Industrial Motion | - | ||||||||
| IPO | Completed | Altra Industrial Motion | - | ||||||||
| Add-on | Completed | Hay Hall Group | - | ||||||||
| Growth | Completed | Altra Industrial Motion | - |
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Altra Industrial Motion - employee data
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