M&A Deal Summary

Graycliff Partners Acquires Electro-Mechanical

On September 22, 2021, private equity firm Graycliff Partners acquired manufacturer Electro-Mechanical

Acquisition Highlights
  • This is Graycliff Partners’ 8th transaction in the Manufacturing sector.
  • This is Graycliff Partners’ 52nd transaction in the United States.
  • This is Graycliff Partners’ 1st transaction in Virginia.
Investment Fate
  • Electro-Mechanical was sold to a consortium of financial buyers in 2024.

M&A Deal Summary
Date 2021-09-22
Target Electro-Mechanical
Sector Manufacturing
Buyer(s) Graycliff Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Electro-Mechanical

Bristol, Virginia, United States
Electro-Mechanical is a manufacturer of electrical apparatus and sells its products under the Federal Pacific, Line Power, Mirus International, and GridConnex brands. With five manufacturing facilities including a repair and service division, the company has nearly one million square feet of modern manufacturing facilities located in the U.S., Canada, and Mexico. Electro-Mechanical was founded in 1958 and is based in Bristol, Virginia.

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Buyer(S) 1

Buyer

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 57 of 72
Sector (Manufacturing) 8 of 8
Type (Buyout (LBO, MBO, MBI)) 22 of 26
State (Virginia) 1 of 1
Country (United States) 52 of 67
Year (2021) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Gold Tech Industries

Tempe, Arizona, United States

Gold Tech Industries is a provider of metal finishing and plating services for the semiconductor and aerospace industries. Gold Tech Industries is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 CHawk

Hayward, California, United States

CHawk provides plastic and metal machining, fabrication, clean room assembly, and engineering services. The company’s core market is semiconductor capital equipment, with a growing presence in aerospace, medical, and general industrial end markets. CHawk was founded in 2005 and is based in Hayward, California.

Buy -
Mergr

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