IMAP advised Markus Baum, Managing Partner of BAUM lined piping GmbH (‘BAUM’), Europe’s leading manufacturer of highly corrosion resistant piping products as part of his external succession planning, to Crane Company (NYSE:CR). Through its acquisition of BAUM, Crane Company continues its strategy of both organic and external growth.

BAUM lined piping GmbH, Birkenfeld, Germany

Founded more than 30 years ago by Markus Baum’s father, BAUM developed from a small family business to what is now Europe’s leading company for the design, manufacture, and distribution of lined piping products for the Chemical, Pharmaceutical and Semiconductor markets. BAUM also recently opened an entirely new market segment, supplying corrosion resistant piping products into the market for green hydrogen manufacturing processing plants, a segment expected to enjoy high growth rates in the future. BAUM employs a total of 220 staff at its headquarters and main production hub in Birkenfeld, Germany, as well as in its group of companies in the US, Romania, and China.

Crane Company, Stamford, United States

Crane Company has delivered innovative, technology-led solutions for customers since its founding in 1855. Today, it is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the Aerospace, Defense, and Process Industry End markets. The company is comprised of two strategic growth platforms, Aerospace & Electronics and Process Flow Technologies, as well as the Engineered Materials segment. Crane Company has approximately 7,000 employees in the Americas, Europe, the Middle East, Asia, and Australia.

The IMAP team exclusively advised Markus Baum, the managing shareholder of BAUM in a structured M&A process through all phases until successful closing.