M&A Deal Summary

JLL Partners Acquires Emcor Enclosures

On October 19, 2021, private equity firm JLL Partners acquired manufacturer Emcor Enclosures from Crenlo Engineered Cabs

Acquisition Highlights
  • This is JLL Partners’ 2nd transaction in the Manufacturing sector.
  • This is JLL Partners’ 37th transaction in the United States.
  • This is JLL Partners’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2021-10-19
Target Emcor Enclosures
Sector Manufacturing
Buyer(s) JLL Partners
Sellers(s) Crenlo Engineered Cabs
Deal Type Divestiture

Target

Emcor Enclosures

Rochester, Minnesota, United States
website
Emcor Enclosures has been serving the aerospace & defense, datacenter, industrial, medical, test & measurement, and custom OEM sectors for 70+ years with engineered electronics enclosures designed and manufactured in the USA. The company accelerates new product introduction timeframes with rapid prototyping and just-in-time delivery capabilities to ensure the best customer experience from concept design to volume production. Emcor Enclosures is based in Rochester, Minnesota.

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Buyer(S) 1

Buyer

JLL Partners

New York, New York, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 39 of 40
Sector (Manufacturing) 2 of 2
Type (Divestiture) 4 of 4
State (Minnesota) 1 of 1
Country (United States) 37 of 38
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-14 American Dental Partners

Wakefield, Massachusetts, United States

American Dental Partners is a dental practice management company that provides business services to medically-oriented, multi-specialty dental groups, with over 270 facilities across more than 20 states. ADPI was formed in 1995 and is based in Wakefield, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-10 Modus Create

Reston, Virginia, United States

Modus Create is a global provider of digital transformation and product development services. It builds customer-centric products, processes, and platforms to help businesses succeed in the digital economy. For over 10 years, Modus Create's global team of strategists, designers, and technologists have helped the world’s biggest brands such as Burger King, Kaplan, AARP, PBS, and Time Inc. deliver powerful digital experiences to their clients. The company works in an iterative, outcome-driven way to support our clients with product strategy, customer experience (CX), full-stack Agile software development, and security. Modus Create was formed in 2011 and is based in Reston, Virginia.

Buy -

Seller(S) 1

SELLER

Crenlo Engineered Cabs

Rochester, Minnesota, United States

website


Category Company
Founded 1951
Sector Manufacturing
DESCRIPTION

Crenlo Engineered Cabs is a manufacturer of highly engineered steel frame cab enclosures and rollover structures serving major OEM's in the construction, agriculture, and commercial equipment markets. The company also produces a proprietary line of electronic enclosures under its EMCOR trademark, which serves the commercial, telecom, datacom, test & measurement, broadcast, and security markets. Electronic enclosure capabilities range from standard & modified standard product offerings, to complete custom indoor or outdoor enclosure solutions. Crenlo Engineered Cabs was formed in 1951 and is based in Rochester, Minnesota.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 2
Type (Divestiture) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Worthington Industries Engineered Cabs

Watertown, South Dakota, United States

Worthington Industries Engineered Cabs is a provider of engineered operator cabs for many of the world’s heavy equipment and off-highway vehicle manufacturers. Worthington Industries Engineered Cabs is based in Watertown, South Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-30 Crenlo do Brasil

Guaranésia, Brazil

Crenlo do Brasil manufactures value-added engineered operator cabs and attachment fabrications used in a variety of off-highway vehicle markets. Crenlo do Brasil is based in Minas Gerais, Brazil.

Sell -