Operating Company Manufacturing

WALTER Surface Technologies

Pointe-Claire, Quebec, Canada

Global provider of metalworking and safety solutions, offering high-performance abrasives, tooling, power tools, chemical solutions, personal protection equipment (PPE), and welding-process solutions designed for the metalworking industry.

Focus Areas
Abrasives, Metalworking tooling, Power tools
Website
walter.com

Tracked deals

9

9 tracked deals across 2020-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

5 buyout · 4 addon

WALTER Surface Technologies Acquisition Volume by Year

Last 6 years

Acquisition volume by year Annual acquisition counts for the last 6 years for WALTER Surface Technologies. 2 2020 2 2021 1 2022 2 2024 1 2025 ~2 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Mastercam
    Target
    MLC CAD Systems (CAM business line)
    Industry
    Software
    Type
    Buyout

    Mastercam, part of the Sandvik Group, announced it has completed the acquisition of the CAM business line of MLC CAD Systems. The deal is intended to deepen Mastercam’s regional coverage and customer support across key Western and Southwestern U.S. manufacturing markets.

  • Buyer
    Sandvik AB, Mastercam
    Target
    FASTech, Inc.
    Industry
    Software
    Type
    Buyout

    Sandvik AB, through its Mastercam business unit, has acquired the assets/business of FASTech, a Mastercam channel reseller headquartered in Findlay, Ohio. FASTech will be integrated into Mastercam and reported within Sandvik Manufacturing and Machining Solutions; the parties did not disclose the purchase price. The acquisition strengthens Sandvik/Mastercam's CAM capabilities and regional presence serving manufacturing customers in the US Midwest.

  • Buyer
    Sandvik AB, Walter (Sandvik Manufacturing and Machining Solutions)
    Target
    PDQ Workholding LLC
    Industry
    Manufacturing
    Type
    Buyout

    Sandvik AB, through its Walter division, has acquired PDQ Workholding LLC, a U.S.-based specialist in custom workholding fixtures and tooling. The deal strengthens Sandvik/Walter's machining solutions offering—particularly in the Americas—by adding workholding capabilities that provide earlier access to component projects and complement its cutting-tool business.

  • Buyer
    WALTER Surface Technologies
    Target
    PushCorp Inc.
    Industry
    Manufacturing
    Type
    Addon

    WALTER Surface Technologies has acquired PushCorp Inc., a U.S.-based manufacturer of robotic end-of-arm tooling for material removal applications. The acquisition expands WALTER's robotic and automated material removal capabilities in North America; PushCorp will continue to operate under its own brand and the transaction is effective immediately.

  • Buyer
    Walter Surface Technologies
    Target
    Allegro Industries
    Type
    Addon

    Walter Surface Technologies, a PE-backed metalworking and safety solutions provider, has acquired Allegro Industries, a U.S.-based manufacturer and distributor of safety equipment and respirators. CriticalPoint Partners advised Walter on the transaction; Walter is backed by ONCAP (the middle-market platform of ONEX) and is executing the deal as an add-on to expand its safety/PPE capabilities and product offering.

  • Buyer
    Sandvik AB
    Target
    ICAM Technologies Corporation
    Industry
    Software
    Location
    Quebec, Canada
    Type
    Buyout

    Sandvik AB has signed an agreement to acquire Canada-based ICAM Technologies Corporation, a provider of post-processing, machine simulation and tool-path optimization software for CNC machining. ICAM (founded in Montreal in 1971) will be reported within Sandvik Coromant; the company has about 27 employees and 2020 revenues of roughly SEK 30 million. The deal is expected to close in Q4 2021 and strengthens Sandvik's verification and optimization offering for component manufacturing.

  • Buyer
    Sandvik AB
    Target
    GWS Tool Group
    Seller
    L Squared Capital Partners, GWS management
    Industry
    Manufacturing
    Type
    Buyout

    Sandvik AB has agreed to acquire GWS Tool Group from L Squared Capital Partners and GWS management; GWS will be reported within Walter, Sandvik's machining solutions division. GWS, a Tavares, Florida-based manufacturer of made-to-order cutting tools (including PCD tools and taps) with ~490 employees and nearly $100M in revenue, was grown via multiple add-ons under L Squared; the purchase price was not disclosed and the deal is expected to close in Q4 2021.

  • Buyer
    Walter Surface Technologies, ONCAP (Onex)
    Target
    Drillco, Triumph Twist Drill
    Industry
    Manufacturing
    Location
    United States
    Type
    Addon

    Walter Surface Technologies, a portfolio company backed by ONCAP, has acquired Drillco and Triumph Twist Drill to expand its cutting-tool and drilling solutions offering. CriticalPoint acted as buy-side advisor to Walter and sourced the opportunity.

  • Buyer
    Walter Surface Technologies, ONCAP (Onex)
    Target
    ArcOne
    Industry
    Manufacturing
    Type
    Addon

    Walter Surface Technologies, backed by ONCAP, has acquired ArcOne, a Taunton, Massachusetts-based maker of industrial safety products including auto-darkening welding helmets and PPE. CriticalPoint acted as buy-side advisor to Walter and sourced the opportunity; the deal expands Walter's safety and welding product portfolio as an add-on to its ONCAP-backed platform.

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