M&A Deal Summary

Aptiv Acquires Winchester Interconnect

On October 24, 2018, Aptiv acquired electrical equipment company Winchester Interconnect from TruArc Partners

Acquisition Highlights
  • This is Aptiv’s 2nd transaction in the Electrical Equipment sector.
  • This is Aptiv’s 5th transaction in the United States.
  • This is Aptiv’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2018-10-24
Target Winchester Interconnect
Sector Electrical Equipment
Buyer(s) Aptiv
Sellers(s) TruArc Partners
Deal Type Add-on Acquisition

Target

Winchester Interconnect

Wallingford, Connecticut, United States
website
Winchester Interconnect is a provider of custom engineered interconnect solutions for diverse, growing end markets requiring high reliability and application specific expertise. Winchester designs and manufactures RF coaxial, board-to-board and power interconnects, as well as cable assemblies, for the telecommunications, computer, and test & measurement industries.

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Buyer(S) 1

Buyer

Aptiv

Dublin, Ireland

website


Category Company
Founded 2011
SectorAutomotive
Employees155,000
Revenue 15.6B USD (2021)
DESCRIPTION

Aptiv is a supplier of technologies for the automotive and commercial vehicle markets. England, Delphi operates major technical centers, manufacturing sites and customer support services in 32 countries. Aptiv was incorporated in 2011 and is headquartered in Dublin, Ireland.


DEAL STATS #
Overall 8 of 12
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 6 of 8
State (Connecticut) 1 of 1
Country (United States) 5 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 nuTonomy

Cambridge, Massachusetts, United States

nuTonomy is developing a proprietary full-stack AD software solution for the global AMoD market. nuTonomy spun out of MIT in 2013 and is headquartered in Cambridge, Massachusetts.

Buy $450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 gabocom

Suffolk, United Kingdom

gabocom Ltd. is a plastic processing company focused on providing highly-engineered, high-quality cable management and protection solutions for the telecommunications industry. gabocom was formed in 2018 and is based in Suffolk, United Kingdom.

Buy $310M

Seller(S) 1

SELLER

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 2.4B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York City.


DEAL STATS #
Overall 11 of 16
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Connecticut) 1 of 2
Country (United States) 11 of 16
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 BlackHawk Industrial Distribution

Tulsa, Oklahoma, United States

BlackHawk Industrial Distribution is a distributor of metalworking and industrial MRO products, serving more than 6,000 customers across the U.S. and Mexico. The Company is headquartered in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Velocity

Westlake Village, California, United States

Velocity is a vertically integrated real estate finance specialist that provides innovative financing solutions for 1–4 unit residential rental and small commercial properties. The company operates in a large and highly fragmented market with substantial demand for financing, but one with limited options available to borrowers who do not qualify for more traditional financing programs. Velocity was founded in 2004 and is based in Westlake Village, California.

Sell -