M&A Deal Summary

Benchmark Acquires Suntron

On June 3, 2013, Benchmark acquired electronics company Suntron from HCI Equity Partners and Blum Capital Partners

Acquisition Highlights
  • This is Benchmark’s 1st transaction in the Electronics sector.
  • This is Benchmark’s 3rd transaction in the United States.
  • This is Benchmark’s 1st transaction in Arizona.

M&A Deal Summary
Date 2013-06-03
Target Suntron
Sector Electronics
Buyer(s) Benchmark
Sellers(s) HCI Equity Partners
Blum Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Suntron

Phoenix, Arizona, United States
website
Suntron is a provider of high mix, vertically integrated electronics manufacturing services to electronics original equipment manufacturers. Suntron delivers complete manufacturing services and solutions to support the entire life cycle of complex products in the semiconductor capital equipment, aerospace and defense, networking and telecommunications, medical and industrial markets.

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Buyer(S) 1

Buyer

Benchmark

Tempe, Arizona, United States

website

Category Company
Founded 1979
Sector Electronics
Employees10,900
Revenue 2.1B USD (2020)
DESCRIPTION

Benchmark is a provider of integrated manufacturing, design and engineering services to original equipment manufacturers of computers and related products for business enterprises, medical devices, industrial control equipment (which includes equipment for the aerospace and defense industry), testing and instrumentation products, and telecommunication equipment. Benchmark was incorporated in 1979 and is based in Tempe, Arizona.

DEAL STATS #
Overall 3 of 6
Sector (Electronics) 1 of 3
Type (Add-on Acquisition) 3 of 5
State (Arizona) 1 of 1
Country (United States) 3 of 6
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-09 Pemstar

Rochester, Minnesota, United States

Pemstar, Inc. is a provider of engineering, manufacturing and fulfillment services. Company offer a broad range of services across a number of focus industries, including Medical, Communications, Computing and Data Storage, and Industrial.

Buy $275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-03 CTS Electronics Manufacturing Solutions

Moorpark, California, United States

CTS Electronics Manufacturing Solutions provides products and services to the OEMs in electronics equipment markets in the United States and internationally.

Buy $75M

Seller(S) 2

SELLER

HCI Equity Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

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

HCI Equity Partners is a private equity group that targets lower middle-market industrial product and service companies throughout North America. HCI is a 'hands on' investor, looking to assist portfolio companies with growth strategies and improving profitability. The Firm seeks opportunities with $20 to $200 million in revenues and strong management in place. Specific areas of interest include aerospace/defense, automotive and commercial vehicle suppliers, industrial distribution, infrastructure, power generation, test/measurement equipment, and transportation. HCI Equity Partners (fka Thayer | Hidden Creek Partners) is based in Washington DC.

DEAL STATS #
Overall 9 of 26
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 3 of 8
State (Arizona) 2 of 3
Country (United States) 9 of 24
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 SouthernAG Carriers

Albany, Georgia, United States

SouthernAG Carriers is a transportation and logistics service provider for agricultural and related processed food manufacturers. SouthernAG Carriers is based in Albany, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-01 CertifiedSafety

League City, Texas, United States

CertifiedSafety is a provider of specialized safety and productivity services primarily for plant maintenance events such as turnarounds, shutdowns, outages, and ongoing maintenance projects as well as for large capital investment programs including contraction and decommissioning. CertifiedSafety was founded in 2001 and is based in League City, Texas.

Buy -
SELLER

Blum Capital Partners

San Francisco, California, United States

website

Category Private Equity Firm
Founded 1975
Size Large
Type Sector Agnostic
DESCRIPTION

Blum Capital Partners is an investment firm that seeks minority and control investments in public and private transactions. The firm focuses on small and mid-capitalization companies when considering opportunities. Blum looks to invest in diverse market environments, and typically concentrates on four to six investments per year. Blum Capital Partners was founded in 1975 and is based in San Francisco, California.

DEAL STATS #
Overall 2 of 3
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 2 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Payless Shoes

Topeka, Kansas, United States

Payless Shoesource, Inc. is a specialty family footwear retailer in the Western Hemisphere, is dedicated to democratizing fashion and design in footwear and accessories and inspiring fun, fashion possibilities for the family at a great value.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Payless Shoes

Topeka, Kansas, United States

Payless Shoesource, Inc. is a specialty family footwear retailer in the Western Hemisphere, is dedicated to democratizing fashion and design in footwear and accessories and inspiring fun, fashion possibilities for the family at a great value.

Sell -
Mergr

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