M&A Deal Summary

Harbour Group Acquires ILP Holdings

On April 3, 2017, asset manager Harbour Group acquired electrical equipment company ILP Holdings from Pfingsten Partners

Acquisition Highlights
  • This is Harbour Group’s 5th transaction in the Electrical Equipment sector.
  • This is Harbour Group’s 30th transaction in the United States.
  • This is Harbour Group’s 5th transaction in Florida.

M&A Deal Summary
Date 2017-04-03
Target ILP Holdings
Sector Electrical Equipment
Buyer(s) Harbour Group
Sellers(s) Pfingsten Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)

Target

ILP Holdings

Sanford, Florida, United States
ILP Holdings is a manufacturer of energy-efficient luminaires and retrofits solutions with over 14 years of experience supporting builders and retrofitters with green building initiatives. The company has developed a wide range of LED products to support commercial, industrial, and outdoor applications focused on energy and maintenance savings. New products like the UFO parking garage fixture and the LANCE retrofit kits demonstrate ILP's ability to deliver performance and value with exceptional aesthetics. ILP Holdings was founded in 2003 and is based in Sanford, Florida.

Search 202,904 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

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 $50 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 30 of 39
Sector (Electrical Equipment) 5 of 6
Type (Secondary Buyout) 15 of 18
State (Florida) 5 of 6
Country (United States) 30 of 39
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 Marshall Excelsior

Marshall, Michigan, United States

Marshall Excelsior is a designer, manufacturer, and supplier of mission-critical, highly engineered flow control products used in the transportation, storage, and consumption of liquefied petroleum gas ("LPG") and liquefied anhydrous ammonia ("NH3"). Marshall Excelsior was founded in 1976 and is based in Marshall, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 AMI

Bristol, Pennsylvania, United States

AMI is a developer, manufacturer, and marketer of touchscreen countertop entertainment systems and software. The company’s proprietary touchscreen systems contain a “jukebox” of interactive games centered on trivia, strategy, cards, and sports/action categories. AMI was founded in 1977 and is based in Bristol, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 26 of 40
Sector (Electrical Equipment) 5 of 6
Type (Secondary Buyout) 9 of 17
State (Florida) 1 of 2
Country (United States) 26 of 40
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-26 Allied Reliability

Houston, Texas, United States

Allied Reliability provides reliability and maintenance services that help industrial companies and government agencies reduce maintenance costs and increase equipment uptime and throughput. Allied Reliability Group was established in 1997 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Sign-Zone

Brooklyn Center, Minnesota, United States

Sign-Zone is a manufacturer of wide-format, portable promotional signage and displays under the Showdown Displays, Jansen Display and Promic brand names. Products include table covers, retractable banners, event tents, sail signs, floor displays and other displays. Sign-Zone sells through an extensive network of promotional product distributors, sign shops and printers to end users in various end markets such as education, healthcare, financial services and technology. Sign-Zone was founded in 1999 and is headquartered in Brooklyn Center, Minnesota.

Buy -
Mergr

Product

Company

Legal