M&A Deal Summary

Harbour Group and PNC Erieview Capital Acquire Cattron

On March 6, 2019, asset manager Harbour Group and mezzanine finance firm PNC Erieview Capital acquired electronics company Cattron from Laird Performance Materials

Acquisition Highlights
  • This is Harbour Group’s 2nd and PNC Erieview Capital’s 1st transaction in the Electronics sector.
  • This is Harbour Group’s 33rd and PNC Erieview Capital’s 15th transaction in the United States.
  • This is Harbour Group’s 2nd and PNC Erieview Capital’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2019-03-06
Target Cattron
Sector Electronics
Buyer(s) Harbour Group
PNC Erieview Capital
Sellers(s) Laird Performance Materials
Deal Type Divestiture

Target

Cattron

Warren, Ohio, United States
website
Cattron is a manufacturer of wireless control solutions for safety and mission-critical applications. Cattron has designed, manufactured, and supplied controls that are well recognized and respected in both the rail and industrial markets. Cattron's product portfolio includes complementary machine and operator controls. Cattron was founded in 1946 and is based in Warren, Ohio.

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Buyer(S) 2

Buyer

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $60 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 33 of 39
Sector (Electronics) 2 of 2
Type (Divestiture) 2 of 2
State (Ohio) 2 of 2
Country (United States) 33 of 38
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-14 Fleetgistics

Orlando, Florida, United States

Fleetgistics, Inc. is a provider of outsourced same-day, dedicated route logistics services to customers predominantly located on the east coast of the United States. Fleetgistics was formed in 1987 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 Lofa Industries

Roswell, Georgia, United States

Lofa Industries LLC designs manufacture and distribute control panels, wiring harnesses, sensors, and telemetry for engine-driven off-highway equipment, including pumps, air compressors, chippers, materials processors, drillers, and generators. Lofa Industries was founded in 1989 and is based in Roswell, Georgia.

Buy -
Buyer

PNC Erieview Capital

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1979
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.

DEAL STATS #
Overall 15 of 38
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 2 of 3
Country (United States) 15 of 38
Year (2019) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 Star Seed

Osborne, Kansas, United States

Star Seed is a producer, conditions and markets high-quality seeds to the agriculture industry. Star Seed, Inc. is a seed distributor focused on native grasses, wildflowers, forages, cover crops, wheat, and other small grains. Star Seed was founded in 1920 and is based in Osborne, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-12 Munch s Supply

Hillside, Illinois, United States

Munch's Supply is an HVAC distributor and third-generation family business focused exclusively on supplying heating and cooling industry contractors with quality products. Munch's Supply was founded in 1956 and is based in Hillside, Illinois.

Buy -

Seller(S) 1

SELLER

Laird Performance Materials

Shanghai Shi, China

website

Category Company
Sector Electrical Equipment
Employees4,300
Revenue 465M USD (2020)
DESCRIPTION

Laird Performance Materials designs and manufactures customized performance-critical components and systems for advanced electronics and wireless products. Laird Performance Materials is based in Shanghai Shi, China.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-13 Nextreme Thermal Solutions

Durham, North Carolina, United States

Nextreme Thermal Solutions is a manufacturer of thin-film thermoelectric modules and sub-systems for growing markets worldwide.

Buy -
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