M&A Deal Summary

Flex Acquires Anord Mardix

On October 18, 2021, Flex acquired electrical equipment company Anord Mardix from Bertram Capital for 540M USD

Acquisition Highlights
  • This is Flex’s 3rd transaction in the Electrical Equipment sector.
  • This is Flex’s largest (disclosed) transaction.
  • This is Flex’s 1st transaction in Ireland.

M&A Deal Summary
Date 2021-10-18
Target Anord Mardix
Sector Electrical Equipment
Buyer(s) Flex
Sellers(s) Bertram Capital
Deal Type Add-on Acquisition
Deal Value 540M USD

Target

Anord Mardix

Dundalk, Ireland
website
Anord Mardix is a provider of critical power equipment to a diverse set of blue-chip customers in the rapidly growing data center industry, which is being driven by enterprise cloud migration, rising data consumption, media-rich content, and proliferation of connected devices. Anord Mardix’s capability set includes manufacturing operations in Europe and the US, a worldwide sales and service presence, and dual-listed UL and IEC products, which positions the Company to deliver innovative and flexible solutions with industry best lead times to customers on a global basis. Anord Mardix was founded in 1969 and is based in Dundalk, Ireland.

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Buyer(S) 1

Buyer

Flex

Singapore, Singapore

website

Category Company
Founded 1990
Sector Semiconductors
Employees167,201
Revenue 24.2B USD (2020)
DESCRIPTION
Flextronics facility in Fremont, California.
Flextronics facility in Fremont, California.

Flex is a Sketch-to-Scale™ solutions provider that designs, manufactures and distributes intelligent products for a connected world. Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. Flex was founded in 1990 and is based in Singapore.

DEAL STATS #
Overall 12 of 12
Sector (Electrical Equipment) 3 of 3
Type (Add-on Acquisition) 12 of 12
Country (Ireland) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 AGM Automotive

Troy, Michigan, United States

AGM Automotive, Inc. is a provider of automotive interior trim, lighting, and electrical components to automotive and related industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-08 Nextracker

Fremont, California, United States

Nextracker is a provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar power plants around the world. Its products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker was formed in 2013 and is based in Fremont, California.

Sell -

Seller(S) 1

SELLER

Bertram Capital

Foster City, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bertram Capital is a private equity firm that targets buyout and growth equity investments in lower middle-market companies. Bertram looks for companies with revenues of $25 to $250 million and EBITDA of $5 to $35 million. Sectors of interest include healthcare services and infrastructure, industrial manufacturing, business and financial services, technology, and internet. Bertram will consider both control and non-control investments. Prospective transaction structures include management buyouts, shareholder liquidity events, acquisitions financing's, growth financing's, and PIPE. Bertram Capital was formed in 2006 and is based in Foster City, California.

DEAL STATS #
Overall 19 of 21
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 10 of 10
Country (Ireland) 1 of 1
Year (2021) 4 of 4
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 Registrar

Hampton, Virginia, United States

Registrar Corp. is a SaaS-assisted provider of U.S. FDA compliance services to domestic and foreign food, medical devices, drugs, and cosmetic facilities. Registrar Corp has expanded to eighteen international offices and has aided more than 30,000 companies across 160 countries. Registrar was founded in 2003 and is based in Hampton, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Burke

Fond du Lac, Wisconsin, United States

Burke is a provider of commercial play and outdoor recreation solutions for public parks, educational institutions, early childcare centers, and commercial developments. The Company specializes in play systems and provides a wide array of other playground and recreation necessities, including outdoor musical instruments, safety surfacing, outdoor fitness products, and site amenities. Burke’s advanced modular play systems can be configured and customized in a myriad of ways with colors, designs, and different levels of challenge. Its products are not only for physical movement; they ignite cognitive, social, emotional, and imaginative skill development in children of all abilities. Burke was formed in 1920 and is based in Fond du Lac, Wisconsin.

Buy -
Mergr

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