API Technologies Mergers and Acquisitions Summary

Electronics Company

API Technologies has acquired 7 companies of its own. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

API Technologies’ largest acquisition to date was in 2011, when it acquired Spectrum Control for $270M. It’s largest disclosed sale occurred in 2013, when it sold Spectrum Sensors and Controls to Measurement Specialties for $51M. API Technologies has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include electrical equipment (34%) and communications (17%).

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M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 7
  • M&A Advisors 5

API Technologies Corp.

400 Nickerson Road,
Marlborough, Massachusetts 01752
United States,
(855) 294-3800
www.apitech.com

API Technologies Corp. is a designer and manufacturer of high-performance components and subsystems for demanding RF / microwave and electromagnetic spectrum management applications. API Technologies Corp. provides a broad portfolio of mission-critical products to approximately 1,800 global customers supporting more than 200 programs. API Technologies Corp. Headquartered in Marlborough, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 6 - - - - - 6
vol $278M $278M
Sell (0.2/yr) # 2 - 1 - - - 3
vol $84M $84M
  9

Most Recent M&A

Company Date Value Type
API Defense USA, Inc. 2018-11-30 - Divestiture
Windber, Pennsylvania
Aeroflex/Inmet, Inc. 2015-04-23 - Divestiture
Ann Arbor, Michigan · www.aeroflex-inmet.com
Aeroflex / Weinschel, Inc. 2015-04-23 - Divestiture
Frederick, Maryland
National Hybrid, Inc. 2013-07-08 33M USD Divestiture
Ronkonkoma, New York · www.nationalhybrid.com
Spectrum Sensors and Controls, Inc. 2013-04-17 51M USD Divestiture
Akron, Ohio · www.specsensors.com
C-MAC Aerospace Ltd. 2012-03-23 - Add-on Acquisition
Amersham, United Kingdom · www.cmac.com
Commercial Microwave Technology, Inc. 2011-11-30 8M USD Add-on Acquisition
Rancho Cordova, California
Spectrum Control, Inc. 2011-03-28 270M USD Add-on Acquisition
Fairview, Pennsylvania · www.spectrumcontrol.com
SenDEC Corp. 2011-01-21 - Add-on Acquisition
Fairport, New York
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 2 (33%) 270M (97%) 1 (33%) -
Semiconductors 1 (17%) - 2 (67%) 84M (100%)
Communications 1 (17%) 8M (3%) - -
Defense 1 (17%) - - -
Electronics 1 (17%) - - -
Total 6 $278M 3 $84M

By Geo

State/Country Buy Value Sell Value
United States 5 278M 3 84M
  Pennsylvania 1 270M 1 -
  New York 1 - 1 33M
  Michigan 1 - - -
  Maryland 1 - - -
  California 1 8M - -
  Ohio - - 1 51M
United Kingdom 1 - - -
Domestic 5 (83%) 278M (100%) 3 (100%) 84M (100%)
Cross-border 1 (17%) - - -
Total 6 $278M 3 $84M

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
1
Canaccord Genuity Corp.
1
Morgan Stanley
1
Legal Deals
Jones Day
1
Travers Smith LLP
1

Deal Values

buy # Total
$100M to $1B 1 $270M
< $100M 1 $8M
TOTAL $278M
Largest Spectrum Control, Inc.
$270M (2011-03-28)
sell # Total
< $100M 2 $84M
TOTAL $84M
Largest Spectrum Sensors and Controls, Inc.
$51M (2013-04-17)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
33%
2 (33%)
Divested to
Strategic(s)
100%
3 (100%)

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