API Technologies - M&A Summary, Ownership, and Business Overview

ElectronicsCompany

API Technologies M&A Summary

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%).

API Technologies Ownership

Who owns API Technologies?

API Technologies is owned by AEA Investors. It was acquired on May 9, 2019.

Is API Technologies PE-backed?

Yes. API Technologies is owned by private equity investor AEA Investors.

Was API Technologies formerly PE-backed?

Yes. API Technologies was formerly owned by 1 private investor.

API Technologies Business Overview

Where is API Technologies headquartered?

API Technologies is headquartered in Marlborough, Massachusetts.

What is API Technologies’ revenue?

API Technologies disclosed revenue of 226M USD for 2014 and 244M USD for 2013.

How many employees does API Technologies have?

API Technologies has 1,862 employees.

What sector is API Technologies in?

API Technologies is an electronics company.

When was API Technologies founded?

API Technologies was founded in 1993 .

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

API Technologies Corp.

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

API Technologies 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 is headquartered in Marlborough, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $278M $278M
Sell (0.0/yr) # 3 - - - - - 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
Canaccord Genuity Corp.
1
Morgan Stanley
1
Raymond James - Investment Banking
1
Legal Deals
Jones Day
1
Travers Smith
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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