M&A Deal Summary

Arcline Investment Management and Industrial Growth Partners Acquire Voltyx

On April 21, 2021, private equity firms Arcline Investment Management and Industrial Growth Partners acquired electrical equipment company Voltyx

Acquisition Highlights
  • This is Arcline Investment Management’s 1st and Industrial Growth Partners’ 6th transaction in the Electrical Equipment sector.
  • This is Arcline Investment Management’s 13th and Industrial Growth Partners’ 37th transaction in the United States.
  • This is Arcline Investment Management’s 1st and Industrial Growth Partners’ 4th transaction in Missouri.

M&A Deal Summary
Date 2021-04-21
Target Voltyx
Sector Electrical Equipment
Buyer(s) Arcline Investment Management
Industrial Growth Partners
Deal Type Consolidation

Target

Voltyx

St. Louis, Missouri, United States
website
Voltyx provides highly technical, outsourced substation services to a diverse universe of utility, renewable, datacenter, industrial, and other customers nationwide. Voltyx provides a comprehensive, specialized service offering across transformers, protective relay and control (“P&C”) systems and other related substation apparatus equipment such as breakers, batteries, and switchgear. The Company’s services, from commissioning and testing to repair and maintenance, ensure the functionality of critical equipment, the failure of which could result in injury to personnel, cascading equipment failures, and power grid outages. Within the substation services market, Voltyx is based in St. Louis, Missouri.

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Buyer(S) 2

Buyer

Arcline Investment Management

Investor Investor

website

Category Private Equity Firm
Founded 2018
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcline Investment Management is a private equity firm that seeks to invest in niche, market-leading companies. Arcline is a generalist investor, however the Firm prefers businesses in the industrials, technology, life science, and chemicals sectors. The Firm targets businesses with $10 to $100 million of EBITDA and valued up to $1 billion. Arcline was formed in 2018 and has offices in New York City and San Francisco.

DEAL STATS #
Overall 14 of 27
Sector (Electrical Equipment) 1 of 2
Type (Consolidation) 2 of 4
State (Missouri) 1 of 1
Country (United States) 13 of 23
Year (2021) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 PDC Machines

Warminster, Pennsylvania, United States

PDC Machines is a manufacturer of specialty gas compression systems used in all stages of the hydrogen energy supply chain, including hydrogen production, transportation, storage, and refueling. The Company is the supplier of proprietary hydrogen compressors used in hydrogen energy applications worldwide and offers an integrated, small-scale hydrogen refueling station, SimpleFuel. PDC Machines was founded in 1977 and is based in Warminster, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Curapath

Paterna, Spain

Curapath is a manufacturer of a poly amino acid (PAA) based nanoparticle encapsulation technology for advanced drug delivery applications, including mRNA, DNA, cell therapies, gene therapies, biologics, vaccines, and small molecule therapies. Curapath is based in Paterna, Spain.

Buy -
Buyer

Industrial Growth Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 38 of 43
Sector (Electrical Equipment) 6 of 7
Type (Consolidation) 1 of 1
State (Missouri) 4 of 4
Country (United States) 37 of 42
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 North American Substation Services

Alamonte Springs, Florida, United States

North American Substation Services is an independent repair, maintenance, and installation provider for electric utility substations. North American Substation Services was founded in 2005 and is based in Altamonte Springs, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 AEM

San Diego, California, United States

AEM designs and produces mission-critical, passive circuit protection components through two divisions. AEM’s A&D division provides advanced, high-reliability fuses, ferrite chip beads, and tin whisker mitigation products for satellite, defense, and aerospace applications. AEM’s Commercial division provides high-end SolidMatrix® and AirMatrix® surface mount fuses and inductive components for commercial applications, including IT, visual display, automotive and EV, power tools, lithium battery, 5G, IoT, security devices, and telecom. AEM is based in San Diego, California.

Buy -
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