M&A Deal Summary

4FRONT Solutions Acquires Conelec of Florida

On April 26, 2019, 4FRONT Solutions acquired electronics company Conelec of Florida from Main Street Capital Holdings

Acquisition Highlights
  • This is 4FRONT Solutions’ 1st transaction in the Electronics sector.
  • This is 4FRONT Solutions’ 1st transaction in the United States.
  • This is 4FRONT Solutions’ 1st transaction in Florida.

M&A Deal Summary

Date 2019-04-26
Target Conelec of Florida
Sector Electronics
Buyer(s) 4FRONT Solutions
Sellers(s) Main Street Capital Holdings
Deal Type Add-on Acquisition

Target

Conelec of Florida

Sanford, Florida, United States
website
Conelec of Florida LLC is a provider of electronic manufacturing services to original equipment manufacturers in the medical, military communications, and industrial markets. Conelec of Florida was founded in 1983 and is based in Sanford, Florida.

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Buyer(S) 1

Buyer

4FRONT Solutions

Erie, Pennsylvania, United States

website


Category Company
Founded 1989
Sector Electrical Equipment
DESCRIPTION

4FRONT Solutions LLC is a provider of electronic manufacturing services which includes the production of printed circuit boards, cables, and full box build assemblies. 4FRONT Solutions serves a number of large blue-chip customers across a broad range of industries, including medical, transportation, industrial controls, data storage, defense, and communications. 4FRONT Solutions was founded in 1989 and is based in Erie, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Main Street Capital Holdings

Pittsburgh, Pennsylvania, United States

Investor Investor

website


Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a private equity firm that acquires profitable, growth-oriented companies located in the US. Areas of interest include electronic manufacturing services, food, homeland security, metallic alloy parts manufacturers, niche manufacturing, and value-added distribution. Prospective companies should have EBITDA of at least $2 million. Main Street looks to invest $3 to $25 million per transaction in businesses valued up to $125 million. The Firm prefers control situations and will not invest in start-ups, turnarounds, commodities, retail, or restaurants. Main Street Capital Holdings is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 10 of 11
Sector (Electronics) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Florida) 1 of 1
Country (United States) 9 of 10
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-11 W & W Dairy

Monroe, Wisconsin, United States

W & W Dairy is a producer of Hispanic cheeses from its three founding partners. W&W Dairy produces Queso Fresco, Cotija, Quesadilla, Panela, and other cheese varieties within the high-growth Hispanic cheese market. W & W Dairy was founded in 2005 and is based in Monroe, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Compass Precision

Charlotte, North Carolina, United States

Compass Precision is a high-precision metal manufacturing company servicing a diversified group of blue-chip customers in the aerospace & defense, medical, industrial, energy, and telecommunication industries. Compass Precision is based in Charlotte, North Carolina.

Buy -