M&A Deal Summary

The Heico Companies Acquires Ohmite

On January 1, 1998, family office The Heico Companies acquired electrical equipment company Ohmite

Acquisition Highlights
  • This is The Heico Companies’ 1st transaction in the Electrical Equipment sector.
  • This is The Heico Companies’ 2nd transaction in the United States.
  • This is The Heico Companies’ 2nd transaction in Illinois.

M&A Deal Summary
Date 1998-01-01
Target Ohmite
Sector Electrical Equipment
Buyer(s) The Heico Companies
Deal Type Buyout (LBO, MBO, MBI)

Target

Ohmite

Warrenville, Illinois, United States
website
Ohmite is a provider of power products to the electronic components industry. Its main product lines are power resistors, rheostats, and thick film products. Other products include substitution boxes, power controls, inductors, chokes, heat sinks, and rotary tap switches. Ohmite was founded in 1925 and is based in Warrenville, Illinois.

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Buyer(S) 1

Buyer

The Heico Companies

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Family Office
Founded 1979
Size Small
Type Sector Agnostic
DESCRIPTION

Heico Companies is a private investment firm focused on acquiring manufacturing, distribution and service businesses where the Firm believes that its management expertise can improve profitability. In addition to stable businesses, Heico has a special interest in distressed or special situations. Heico generally looks to acquire platform companies with at least $5 million in sales and will consider $5 to $15 million in EBITDA. Heico was formed in 1979 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 15
Sector (Electrical Equipment) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 11
State (Illinois) 2 of 2
Country (United States) 2 of 10
Year (1998) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-01-01 Pettibone

Downers Grove, Illinois, United States

Pettibone is the parent of many independent operating companies which produce a wide array of equipment and products. The independent business concept fosters entrepreneurship and growth. It is consistent with our philosophy of developing a close customer contact to provide prompt, responsive service and to meet our customer's changing needs. Pettibone is based in Downers Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-26 Neo Industries

South Bend, Indiana, United States

Neo Industries is a provider of wear-resistant surface treatments for industrial applications. These treatments include chrome plating work rolls, electro-discharge texturing, nickel and copper plating, mechanical plating, and grinding and polishing. Five domestic and three international plants provide these services. Neo Industries was founded in 1952 and is based in South Bend, Indiana.

Buy -
Mergr

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