M&A Deal Summary

Creation Technologies Acquires IEC Electronics

On August 12, 2021, Creation Technologies acquired machinery company IEC Electronics for 242M USD

Acquisition Highlights
  • This is Creation Technologies’ 1st transaction in the Machinery sector.
  • This is Creation Technologies’ largest (disclosed) transaction.
  • This is Creation Technologies’ 3rd transaction in the United States.
  • This is Creation Technologies’ 1st transaction in New York.

M&A Deal Summary
Date 2021-08-12
Target IEC Electronics
Sector Machinery
Buyer(s) Creation Technologies
Deal Type Add-on Acquisition
Deal Value 242M USD
Advisor(s) B. Riley FBR, Inc. (Financial)
Harter, Secrest & Emery LLP (Legal)

Target

IEC Electronics

Newark, New York, United States
website
IEC Electronics is a provider of electronic contract manufacturing services to advanced technology companies in the United States. It specializes in the custom manufacture of complex circuit cards and system-level assemblies; an array of cable and wire harness assemblies; and precision sheet metal components. IEC Electronics was founded in 1966 and is based in Newark, New York.

Search 192,349 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Creation Technologies

Burnaby, British Columbia, Canada

website

Category Company
Founded 1991
Sector Manufacturing
DESCRIPTION

Creation Technologies is an electronic manufacturing service (EMS) company focused on providing high-mix, high-complexity start-to-finish manufacturing, and supply chain solutions to companies in the industrial controls, instrumentation, medical, communications, transportation, and safety & security industries. Creation operates seven manufacturing business units in British Columbia, Ontario, California, Texas and Wisconsin and employees 1,450 people.

DEAL STATS #
Overall 3 of 4
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (New York) 1 of 1
Country (United States) 3 of 4
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 Applied Technical Services

Everett, Washington, United States

Applied Technical Services provides end to end electronic manufacturing services including Design, Printed Circuit Board Assembly (PCBA), complete Box Builds, final System Integration, and Test. Applied Technical Services is based in Everett, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Computrol

Meridian, Idaho, United States

Computrol is a provider of electronics contract manufacturing services and support to blue-chip customers ranging from military and medical electronics to telecommunications and computer peripherals. Computrol was founded in 1984 and is based in Meridian, Idaho.

Buy -
Mergr

Product

Company

Legal