M&A Deal Summary

The Mendota Group and Holleway Capital Partners Acquire Debron Industrial Electronics

On July 6, 2018, private equity firms The Mendota Group and Holleway Capital Partners acquired electrical equipment company Debron Industrial Electronics

Acquisition Highlights
  • This is The Mendota Group’s 1st and Holleway Capital Partners’ 1st transaction in the Electrical Equipment sector.
  • This is The Mendota Group’s 7th and Holleway Capital Partners’ 1st transaction in the United States.
  • This is The Mendota Group’s 1st and Holleway Capital Partners’ 1st transaction in Michigan.

M&A Deal Summary
Date 2018-07-06
Target Debron Industrial Electronics
Sector Electrical Equipment
Buyer(s) The Mendota Group
Holleway Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Angle Advisors LLC (Financial)

Target

Debron Industrial Electronics

Troy, Michigan, United States
website
Debron Industrial Electronics is a full-service turnkey provider of value-added electronics manufacturing to the industrial, automotive, aerospace, and energy end markets. Debron Industrial Electronics provides design, layout, engineering, and manufacturing of electronic controls, integrates them into assemblies (box build), and provides additional value-added services such as kitting, packaging, and direct delivery to the end customer. Debron is an expert at both series production as well as quick-turn prototypes and serves industries requiring the highest quality standards as evidenced by their IATF 16949:2016 certification. Debron Industrial Electronics was founded in 1981 and is based in Troy, Michigan.

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Buyer(S) 2

Buyer

The Mendota Group

Madison, Wisconsin, United States

website

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Focused
DESCRIPTION

The Mendota Group is a private investment firm that targets Midwest US-based investments in low to medium technology manufacturing, distribution, and service-related companies. Prospective acquisitions are either privately owned or subsidiaries/divisions of publicly owned companies. Mendota typically seeks businesses with revenues between $5 and $20 million and valued less then $20 million. The Mendota Group is based in Madison, Wisconsin.

DEAL STATS #
Overall 7 of 10
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (Michigan) 1 of 1
Country (United States) 7 of 10
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Lake Air Products

Minneapolis, Minnesota, United States

Lake Air Metals is a precision manufacturer of metal products with deep expertise in sheet metal and structural fabrication, machining, stamping, tool design and build, and electromechanical assembly serving industrial OEMs in the medical, turf care, industrial, automotive, and aerospace industries. Lake Air Products was founded in 1974 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-28 Driv-Lok

Sycamore, Illinois, United States

Driv-Lok is a provider of press-fit fastening and joining components for OEMs and fastener distributors. Driv-Lok manufactures over 2,000 SKUs comprising spring pins, grooved pins, dowel pins, barbed pins, and more, and specializes in manufacturing engineered, application-specific specials as well as standard parts through stocking distributors. Driv-Lok was founded in 1936 and is based in Sycamore, Illinois.

Buy -
Buyer

Holleway Capital Partners

Investor Investor Investor

website

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

Holleway Capital Partners is a private investment firm focused on investing in and acquiring lower middle-market, Midwest US-based companies in the manufacturing, distribution, and services sectors. The Firm looks for opportunities where ownership is looking for liquidity. Target companies typically exhibit $10 to $100 million of revenue and up to $10 million of EBITDA. Holleway Capital Partners was formed in 2016 and has offices in St. Louis, Missouri and Omaha, Nebraska.

DEAL STATS #
Overall 1 of 3
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 TexDoor

San Antonio, Texas, United States

TexDoor is a full-service overhead door fabricator and value-added distributor that is uniquely equipped to modify and customize products. TexDoor largely serves the commercial overhead door needs for the South-Central Texas market. TexDoor also offers new product installation and aftermarket service consisting of maintenance, repair, performance testing, and replacement installation services. TexDoor is based in San Antonio, Texas.

Buy -
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