M&A Deal Summary

Celestica Acquires PCI

On September 21, 2021, Celestica acquired manufacturer PCI from Platinum Equity for 306M USD

Acquisition Highlights
  • This is Celestica’s 5th transaction in the Manufacturing sector.
  • This is Celestica’s 3rd largest (disclosed) transaction.
  • This is Celestica’s 2nd transaction in Singapore.

M&A Deal Summary

Date 2021-09-21
Target PCI
Sector Manufacturing
Buyer(s) Celestica
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition
Deal Value 306M USD

Target

PCI

Singapore, Singapore
website
PCI is an electronics manufacturing services provider, offering design, manufacturing, testing, and supply chain services to global customers. The business acts as an EMS provider for diverse end markets, including automotive, industrial equipment, commercial, consumer/lifestyle, and medical. PCI was founded in 1972 and is based in Singapore.

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Buyer(S) 1

Buyer

Celestica

Toronto, Ontario, Canada

website


Category Company
Founded 1996
Sector Information Technology
Employees18,226
Revenue 7.3B USD (2022)
DESCRIPTION
Celestica office in Fremont, California.
Celestica office in Fremont, California.

Celestica is dedicated to delivering end-to-end product lifecycle solutions to drive our customers’ success. Through our simplified global operations network and information technology platform, we are solid partners who deliver informed, flexible solutions that enable our customers to succeed in the markets they serve. Celestica was founded in 1996 and is based in Toronto, Canada.


DEAL STATS #
Overall 22 of 22
Sector (Manufacturing) 5 of 5
Type (Add-on Acquisition) 16 of 16
Country (Singapore) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Impakt Holdings

Santa Clara, California, United States

Impakt Holdings LLC is a manufacturer and integrator of machined components and systems to the flat panel display equipment, semiconductor equipment, and general industrial end-markets. Impakt Holdings is based in Santa Clara, California.

Buy $329M

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 72 of 77
Sector (Manufacturing) 4 of 5
Type (Add-on Acquisition) 35 of 39
Country (Singapore) 2 of 2
Year (2021) 5 of 8
Size (of disclosed) 13 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Petmate

Arlington, Texas, United States

Petmate is a supplier of a wide variety of non-food pet products to leading retailers. The Company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering, and a wide selection of innovative toys. The Company’s portfolio of branded toys and licensed products includes ChuckIt!®, JW Pet®, and Jackson Galaxy® which lead the industry in innovative interactive products. Petmate serves the market through a multi-channel approach which includes big box pet retailers, mass merchandisers, major e-commerce retailers, farm and ag stores, and specialty pet stores. Petmate was founded in 1959 and is based in Arlington, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Pelican Products

Torrance, California, United States

Pelican Products is a designer and manufacturer of high performance protective cases, temperature controlled packaging solutions, advanced portable lighting systems and rugged gear for professionals and outdoor enthusiasts. Pelican's products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and consumer. Pelican products are designed and built to last a lifetime. Pelican Products was founded in 1976 and is based in Torrance, California.

Buy -