KPMG Corporate Finance Advises QSA Holdings on Sale of Its U.S. Subsidiary to Illinois Tool Works

ITW | Quote | Chart | News | PowerRating -- KPMG Corporate Finance, an independent, middle-market investment bank, announced that it was the advisor for QSA Holdings Limited on the sale of its U.S. subsidiary QSA Global (QSA) to Illinois Tool Works, a $16.2 billion revenue diversified and manufacturer of engineered components, industrial systems, and consumables.

Headquartered in Burlington, Mass., QSA is a provider of non-destructive testing systems under the Sentinel brand name and of purpose-designed sealed and encapsulated radiation sources used in process control devices and analytical instrumentation including for oil well logging.

"This deal speaks to a broader trend in mid-market M&A where companies serving the oil and gas end-user markets, among others, are seeing strong demand for their products and services," said Bruce Altman, managing director with KPMG Corporate Finance LLC. "It's logical that larger corporations are seeking to strengthen their portfolios by investing in companies that will bolster existing operations, expand key growth areas, and enhance shareholder returns."

QSA Holdings Limited is owned by CIP Industries LP Incorporated (CIPI), an investment holding company owned by funds advised by Coller Capital Limited, a leading global investor in private equity secondaries. CIPI had acquired QSA in late 2005 as part of a portfolio acquisition of non-core businesses from AEA Technologies.

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