M&A Deal Summary

Benchmark Acquires CTS Electronics Manufacturing Solutions

On October 3, 2013, Benchmark acquired electronics company CTS Electronics Manufacturing Solutions from CTS for 75M USD

Acquisition Highlights
  • This is Benchmark’s 2nd transaction in the Electronics sector.
  • This is Benchmark’s 4th largest (disclosed) transaction.
  • This is Benchmark’s 4th transaction in the United States.
  • This is Benchmark’s 1st transaction in California.

M&A Deal Summary

Date 2013-10-03
Target CTS Electronics Manufacturing Solutions
Sector Electronics
Buyer(s) Benchmark
Sellers(s) CTS
Deal Type Divestiture
Deal Value 75M USD

Target

CTS Electronics Manufacturing Solutions

Moorpark, California, United States
CTS Electronics Manufacturing Solutions provides products and services to the OEMs in electronics equipment markets in the United States and internationally.

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Buyer(S) 1

Buyer

Benchmark

Tempe, Arizona, United States

website


Category Company
Founded 1979
Sector Electronics
Employees10,900
Revenue 2.1B USD (2020)
DESCRIPTION

Benchmark is a provider of integrated manufacturing, design and engineering services to original equipment manufacturers of computers and related products for business enterprises, medical devices, industrial control equipment (which includes equipment for the aerospace and defense industry), testing and instrumentation products, and telecommunication equipment. Benchmark was incorporated in 1979 and is based in Tempe, Arizona.


DEAL STATS #
Overall 4 of 6
Sector (Electronics) 2 of 3
Type (Divestiture) 1 of 1
State (California) 1 of 3
Country (United States) 4 of 6
Year (2013) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 Suntron

Phoenix, Arizona, United States

Suntron is a provider of high mix, vertically integrated electronics manufacturing services to electronics original equipment manufacturers. Suntron delivers complete manufacturing services and solutions to support the entire life cycle of complex products in the semiconductor capital equipment, aerospace and defense, networking and telecommunications, medical and industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 Secure Technology

Santa Ana, California, United States

Secure Technology Company (“Secure”) is a designer and manufacturer of customized information assurance equipment, C4ISR systems, high bandwidth wireless communication equipment, wireless audio, video and recording products as well as custom platform driven EMS components.

Buy $230M

Seller(S) 1

SELLER

CTS

Lisle, Illinois, United States

website


Category Company
Founded 1896
Sector Electronics
Employees3,820
Revenue 587M USD (2022)
DESCRIPTION
CTS' corporate headquarters in Elkhart, Indiana.
CTS' corporate headquarters in Elkhart, Indiana.

CTS is a designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services (EMS) to OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. CTS was incorporated in 1896 and is based in Lisle, illinois.


DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 D&R Technology

Carol Stream, Illinois, United States

D&R Technology LLC is a manufacturer of custom designed sensors, switches and electromechanical assemblies primarily serving the automotive light-vehicle market.

Buy $64M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-28 Filter Sensing Technologies

Malden, Massachusetts, United States

Filter Sensing Technologies, Inc. is a provider of radio frequency measurement and control sensors for passenger car, commercial vehicle, off-road and other transportation applications.

Buy -