Esco Corporation acquired by Weir Group

UNITED STATES Industrial Equipment / Special Machinery EV $1–10bn

Context

The acquisition of ESCO Corporation by The Weir Group represents a transformative consolidation in the global mining equipment sector, creating a leading provider of mission-critical surface mining solutions. Structurally, the transaction brings together the acquirer’s established expertise in materials processing and minerals equipment with the target’s leadership in ground engaging tools. The strategic rationale for the deal is grounded in the complementarity of the two portfolios, which allows the combined entity to offer a unique, integrated proposition for mining customers, spanning the entire lifecycle from extraction to mineral concentration. By leveraging the acquirer's extensive global service network, the transaction significantly expands the reach of the target’s high-margin, aftermarket-intensive product line, particularly in regions where the target's footprint was previously less developed.

Esco Corporation, which reported an EBITDA margin of [members only] in 2018, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, to compare with the average currently observed in the Industry & Manufacturing sector (11.7x in 2026).

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Target

ESCO Corporation is a global industrial manufacturer and the premier provider of highly engineered ground engaging tools (GET) for the surface mining and infrastructure sectors. With a heritage spanning over a century, the company has established itself as the market leader in the design and production of mission-critical wear parts, including teeth, shrouds, adaptors, blades, and locking systems. Its proprietary technology, protected by an extensive portfolio of approximately 1,800 patents, provides superior wear life, enhanced reliability, and reduced maintenance downtime for large-scale mining equipment. The company’s business model centers on the supply of high-performance consumables that are essential for the productivity of mining operations, where uptime and operational efficiency are paramount. By focusing on core strengths in material science and innovative product design, the firm serves as a strategic partner to the world’s leading mining companies.

Ent. Value

$1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2018

2017

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REFERENCES

Valuation range: EV $1–10bn

EBITDA range: $100–200M

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Esco Corporation by Weir Group are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: esco corporation

Acquirer: weir group

FAQ

What transaction does this page cover?

This page covers Weir Group’s acquisition of 100% of Esco Corporation, an American company specialised in Special Machinery, in 2018.

How was the acquisition of Esco Corporation by Weir Group valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $1–10bn band and its EV/EBITDA multiple within the 10x - 18x range. Exact figures are available to members.

What was Esco Corporation’s EBITDA at the time of the deal?

At the time of the transaction, Esco Corporation’s EBITDA was estimated within the $100–200M bracket (FY 2018). Detailed financial figures are available to members.

How does the valuation of Esco Corporation compare to benchmarks in the Industry & Manufacturing sector?

With an estimated valuation multiple in the range of 10x - 18x in 2018, the transaction reflects historical valuation standards. By way of comparison, in 2026 companies in the Industry & Manufacturing sector are valued at a multiple of 11.7x EBITDA.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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