M&A Deal Summary |
|
|---|---|
| Date | 2024-05-06 |
| Target | Check |
| Sector | Manufacturing |
| Buyer(s) | Innovative Motion Technologies |
| Sellers(s) | Sage Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Sector | Electrical Equipment |
Innovative Motion Technologies (IMT) is a global industrial technology platform and designer and supplier of unique interface and control solutions across a diversified set of OEM and aftermarket applications. The Company operates under two brands, Raffel Systems and Micro-Air. Each is well known and highly respected in their markets. Raffel Systems focuses on electro-mechanical controls for residential, healthcare, industrial, cinema, and hospitality markets. Micro-Air focuses on environmental controls for residential, recreational vehicles, HVAC, and marine applications. Innovative Motion Technologies is based in Germantown, Wisconsin.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Manufacturing) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2024) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Small |
| Type | Sector Agnostic |
Sage Capital is a private equity firm that provides equity capital to established lower middle-market businesses located throughout North America. Sage looks for companies with EBITDA between $2 and $7 million and typically commits $2 to $15 million per transaction. Businesses of interest include value-added manufacturers, recurring-revenue service businesses, and distribution companies. Sage Capital will not invest in start-ups. Sage Capital was formed in 2004 and is based in St. Louis, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Manufacturing) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-02 |
Check
Troy, Michigan, United States Check manufactures flexible heating elements and control systems serving various industries including healthcare, food service, construction, agriculture, marine, motorcycle, and aviation. Check was founded in 1993 and is based in Troy, Michigan. |
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