M&A Deal Summary

AMETEK Acquires Patriot Sensors & Controls

On August 2, 1999, AMETEK acquired electronics company Patriot Sensors & Controls from DFW Capital Partners and First Atlantic Capital for 70M USD

Acquisition Highlights
  • This is AMETEK’s 1st transaction in the Electronics sector.
  • This is AMETEK’s 30th largest (disclosed) transaction.
  • This is AMETEK’s 2nd transaction in the United States.
  • This is AMETEK’s 1st transaction in Michigan.

M&A Deal Summary

Date 1999-08-02
Target Patriot Sensors & Controls
Sector Electronics
Buyer(s) AMETEK
Sellers(s) DFW Capital Partners
First Atlantic Capital
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Patriot Sensors & Controls

Clawson, Michigan, United States
Patriot Sensors is a leading designer and manufacturer of position sensing and liquid level sensing applications. The Company's products are used within the fabrication and assembly, high speed assembly and web processing, material handling automation and mill and heavy industry automation sectors. Patriot Sensors has operations in Michigan and California.

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Buyer(S) 1

Buyer

AMETEK

Berwyn, Pennsylvania, United States

website


Category Company
Founded 1930
Sector Test/Measurement Equipment
Employees19,600
Revenue 6.2B USD (2022)
DESCRIPTION
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.

AMETEK is a global manufacturer of electronic instruments and electromechanical devices. AMETEK was founded in 1930 and is based in Berwyn, Pennsylvania.


DEAL STATS #
Overall 2 of 71
Sector (Electronics) 1 of 7
Type (Add-on Acquisition) 1 of 64
State (Michigan) 1 of 1
Country (United States) 2 of 59
Year (1999) 2 of 2
Size (of disclosed) 30 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-03 Gulton-Statham Transducers

Rochester, New York, United States

Gulton-Statham (GS) is a manufacturer of high-accuracy electronic pressure transmitters and transducers for the aerospace and industrial markets. Gulton-Statham is a recognized leader in the design and development of high-quality transducers and sensors based on the latest thin-film, strain- gauge technology that ensures high accuracy and long-term dependability.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-22 GS Electric

United States

GS Electric designs and manufactures a full line of motors for the floor care, health & fitness, lawn and garden, small home appliance and other markets.

Buy $32M

Seller(S) 2

SELLER

DFW Capital Partners

New York, New Jersey, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1983
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DFW Capital Partners is a private equity firm that invests in high-growth middle-market service companies generating revenues up to $200 million. Specific service areas of interest include business services, industrial services, and healthcare services. Prospective transactions include growth capital financing, acquisition financing, management buyouts, and recapitalization. DFW will not invest in start-ups, real estate, or pure R&D companies. DFW Capital Partners was formed in 1983 and is based in Teaneck, New Jersey.


DEAL STATS #
Overall 3 of 24
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 11
State (Michigan) 1 of 1
Country (United States) 3 of 24
Year (1999) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-01 Sheridan Healthcare

Sunrise, Florida, United States

Sheridan Healthcare, Inc. is a multi-specialty physician practice management company that provides outsourced physician staffing services to hospitals and ambulatory surgery centers.

Buy $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-27 o2wireless Solutions

Atlanta, Georgia, United States

o2wireless Solutions, Inc. provides integrated network solutions for the wireless telecommunications industry. The Company offers services in telecommunications technologies, including voice, data, broadband, and mobile commerce applications.

Sell -
SELLER

First Atlantic Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

First Atlantic Capital is a private equity firm that seeks investments in medium-sized US-based businesses valued between $100 and $500 million. Sectors of interest include business services, industrial and consumer goods, packaging, plastics, food processing, general manufacturing, and value-added distribution. First Atlantic typically targets control investment situations. The Firm has a particular interest in companies with strong expansion opportunities, either organic or through acquisitions, or companies with strong business foundations where a few operational improvements can substantially better financial performance. In addition to its private equity investing activity, First Atlantic manages First Atlantic Real Estate, a New York based real estate investment firm wholly owned by First Atlantic Capital. First Atlantic Capital was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 1 of 13
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Michigan) 1 of 2
Country (United States) 1 of 13
Year (1999) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-05 Otis Spunkmeyer

San Leandro, California, United States

Otis Spunkmeyer, Inc is a manufacturer and distributor of frozen cookie dough, pre-baked muffins and other hand-held sweet baked goods for foodservice and retail customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-01 Ranpak

Concord Township, Ohio, United States

Ranpak is an entity which manufactures paper-based systems for protective packaging needs including cushioning, void-fill and wrapping applications. Ranpak's goal was to create the first environmentally responsible system to effectively protect products during shipment. The development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in e-commerce and industrial supply chain solutions. Ranpak was founded in 1972 and is based in Concord Township, Ohio.

Buy -