M&A Deal Summary

Standex Acquires Agile Magnetics

On October 1, 2018, Standex acquired electrical equipment company Agile Magnetics from Coppermine Capital for 39M USD

Acquisition Highlights
  • This is Standex’s 4th transaction in the Electrical Equipment sector.
  • This is Standex’s 3rd largest (disclosed) transaction.
  • This is Standex’s 14th transaction in the United States.
  • This is Standex’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2018-10-01
Target Agile Magnetics
Sector Electrical Equipment
Buyer(s) Standex
Sellers(s) Coppermine Capital
Deal Type Add-on Acquisition
Deal Value 39M USD

Target

Agile Magnetics

Concord, New Hampshire, United States
website
Agile Magnetics is a provider of high-reliability magnetics including transformers, inductors and coils for mission critical applications for blue chip OEMs. Agile Magnetics serves semiconductor, military, aerospace, healthcare, industrial and commercial customers, and operates one manufacturing facility in New Hampshire.

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Buyer(S) 1

Buyer

Standex

Salem, New Hampshire, United States

website


Category Company
Founded 1955
Sector Manufacturing
Employees3,800
Revenue 605M USD (2020)
DESCRIPTION

Standex is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group,Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. Standex was founded in 1955 and is based in Salem, New Hampshire.


DEAL STATS #
Overall 19 of 24
Sector (Electrical Equipment) 4 of 6
Type (Add-on Acquisition) 17 of 22
State (New Hampshire) 1 of 1
Country (United States) 14 of 18
Year (2018) 2 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-23 Tenibac-Graphion

Clinton Township, Michigan, United States

Tenibac-Graphion, Inc. is a provider of chemical and laser texturing services. Tenibac-Graphion, Inc. Tenibac-Graphion was founded in 1969 and is based in Clinton Township, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 Giorik

Sedico, Italy

Giorik S.p.A. is a manufacturer of innovative professional cooking equipment.

Sell -

Seller(S) 1

SELLER

Coppermine Capital

Concord, Massachusetts, United States

website


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Coppermine Capital LLC is a private investment firm that invests in small to mid-size manufacturing and service companies located in the US and Canada. Coppermine focuses on companies with strong management teams and unique market positions with revenues between $5 and $25 million and EBITDA greater than $1 million. Coppermine invests in the range of $2 to $8 million per transaction. The Firm will consider a variety of transaction types, including buyouts, growth capital, recapitalizations and corporate divestitures. Coppermine Capital LLC was formed in 2002 and is based in Concord, Massachusetts.


DEAL STATS #
Overall 4 of 6
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (New Hampshire) 2 of 2
Country (United States) 4 of 6
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-30 K&H Pet Products

Colorado Springs, Colorado, United States

K&H Manufacturing LLC is a producer of premium pet supplies and the largest marketer of heated pet products in the country. K&H sells branded pet products under the K&H and K&H Pets brands. K&H produces innovative pet products that span several categories, including dog and cat, small animal, and farm and ranch. K&H Manufacturing was founded in 1998 and is based in Colorado Springs, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Space Electronics

Berlin, Connecticut, United States

Space Electronics LLC is a manufacturer of high-precision test and measurement instruments used primarily by the aerospace and defense industries. Space Electronics was founded in 1959 and is based in Berlin, Connecticut.

Sell -