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CASE STUDY: HONEYWELL INTERNATIONAL, INC.

Honeywell Divested Tensor

Honeywell Divested Tensor

Honeywell has sold TENSOR to GE

TARGET

Honeywell Tensor Operations

INDUSTRIES

Monitoring and Sensing Technologies, Energy, Industrial Controls, and Manufacturing.

TRANSACTION TYPE

Corporate Divestiture

GEOGRAPHY

Texas, USA.

SITUATION

Seale & Associates was engaged by Honeywell for the divestiture of Tensor, a provider of precise measuring tools, and systems for petroleum exploration and underground utility boring industries and is known for systems used for directional surveying and navigation.

OUTCOME

Seale used its relationships in the industry to expand from a preferred buyer process to a competitive auction, successfully negotiating a transaction on seller-friendly terms and conditions.

As compared to the many other investment banks we worked with at Allied Signal [Honeywell], Seale’s commitment to process stood out and their target identification and pre-qualification skills were truly second to none.

"As compared to the many other investment banks we worked with at Allied Signal [Honeywell], Seale’s commitment to process stood out and their target identification and pre-qualification skills were truly second to none. Seale is very hands on, and unlike many other banks, actually willing to do the hard work, like preparing first drafts of management presentations, rather than just reviewing or commenting on a client prepared draft. In my experience, Seale was unusual in that they were the only boutique investment bank I can recall that had the specialized skills, knowledge and relationships to be successful handling the global M&A demands of our diversified industrial conglomerate."

Martin Cohen
Vice President of Corporate Development, Honeywell.

Are you considering divesting a subsidiary or non-core business from your portfolio?

Seale & Associates provides trusted advisory services to multinational corporations, helping navigate the complexities of divestitures, maximize value, and achieve strategic objectives. Contact us today to schedule a consultation and explore how we can support your goals.