M&A Deal Summary

Advanced Energy Acquires SL Power

On April 4, 2022, Advanced Energy acquired electrical equipment company SL Power from Steel Partners for 145M USD

Acquisition Highlights
  • This is Advanced Energy’s 10th transaction in the Electrical Equipment sector.
  • This is Advanced Energy’s largest (disclosed) transaction.
  • This is Advanced Energy’s 10th transaction in the United States.
  • This is Advanced Energy’s 3rd transaction in California.

M&A Deal Summary

Date 2022-04-04
Target SL Power
Sector Electrical Equipment
Buyer(s) Advanced Energy
Sellers(s) Steel Partners
Deal Type Divestiture
Deal Value 145M USD

Target

SL Power

Calabasas, California, United States
website
SL Power is a supplier of power conversion solutions for medical and advanced industrial applications. The company offers medical and advanced industrial original equipment manufacturers (OEMs) an extensive portfolio of standard, modified standard, and custom solutions with superior performance that meet the stringent requirements of mission-critical applications. SL Power was formed in 1960 and is based in Calabasas, California.

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Buyer(S) 1

Buyer

Advanced Energy

Denver, Colorado, United States

website


Category Company
Founded 1981
Sector Electronics
Employees12,000
Revenue 1.8B USD (2022)
DESCRIPTION
Advanced Energy's corporate headquarters in Fort Collins, Colorado.
Advanced Energy's corporate headquarters in Fort Collins, Colorado.

Advanced Energy is a producer of power and control technologies for the high-growth, thin-film manufacturing and solar-power generation industries. Advanced Energy targets solar grid-tie inverters, solar cells, semiconductors, flat panel displays, data storage products, architectural glass and other advanced applications. Advanced Energy was founded in 1981 and is based in Denver, Colorado.


DEAL STATS #
Overall 15 of 15
Sector (Electrical Equipment) 10 of 10
Type (Divestiture) 2 of 2
State (California) 3 of 3
Country (United States) 10 of 10
Year (2022) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Tegam

Geneva, Ohio, United States

Tegam is a provider of metrology and calibration instrumentation used in semiconductor and advanced industrial markets. The company designs, manufactures, and calibrates instrumentation that impacts daily life in surprising ways. Tegam continuously invests in the R&D of products and calibration techniques that allow you to make your critical measurements with the highest confidence. Its electrical measuring capabilities include temperature, RF power, and micro-Ohms. Tegam was formed in 1979 and is based in Geneva, Ohio.

Buy $18M

Seller(S) 1

SELLER

Steel Partners

New York, New York, United States

website


Category Company
Founded 1990
Sector Diversified
Employees4,300
Revenue 1.7B USD (2022)
DESCRIPTION

Steel Partners is a diversified global holding company that engages in multiple businesses through consolidated subsidiaries, associated companies and other interests. It owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports. Steel Partners was founded in 1990 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-20 Dunmore

Bristol, Pennsylvania, United States

Dunmore Corp. is a provider of specialty coated, laminated and metallized films. Dunmore offers film conversion services such as coating, metallizing and laminating along with contract film manufacturing and custom film product development. Dunmore produces coated film, metallized film and laminating film substrates for the aircraft, spacecraft, photovoltaic, graphic arts, packaging, insulation, surfacing and fashion industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Steel Connect

Smyrna, Tennessee, United States

Steel Connect is a holding company whose wholly-owned subsidiary, ModusLink Corporation, serves the supply chain management markets. ModusLink Corporation provides digital and physical supply chain solutions to many of the world's leading brands across a diverse range of industries, including consumer electronics, telecommunications, computing and storage, software and content, consumer packaged goods, medical devices, retail and luxury, and connected devices. With a global footprint spanning North America, Europe, and the Asia Pacific, the Company's solutions and services are designed to improve end-to-end supply chains in order to drive growth, lower costs, and improve profitability. Steel Connect is based in Smyrna, Tennessee.

Buy -