M&A Deal Summary

Tuckerman Capital and Hanover Partners Acquire Wohler Technologies

On January 1, 2006, private equity firms Tuckerman Capital and Hanover Partners acquired electronics company Wohler Technologies for 14M USD

Acquisition Highlights
  • This is Tuckerman Capital’s 1st and Hanover Partners’ 1st transaction in the Electronics sector.
  • This is Tuckerman Capital’s and Hanover Partners’ largest (disclosed) transaction.
  • This is Tuckerman Capital’s 6th and Hanover Partners’ 9th transaction in the United States.
  • This is Tuckerman Capital’s 2nd and Hanover Partners’ 1st transaction in California.

M&A Deal Summary

Date 2006-01-01
Target Wohler Technologies
Sector Electronics
Buyer(s) Tuckerman Capital
Hanover Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 14M USD
Advisor(s) California Equity Group (Financial)

Target

Wohler Technologies

Hayward, California, United States
website
Wohler Technologies designs and assembles in-rack audio and video monitoring equipment. End customers include most major domestic and international television broadcasters. Wohler Technologies was founded in 1983 and is based in Hayward, California.

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Buyer(S) 2

Buyer

Tuckerman Capital

Hanover, New Hampshire, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Tuckerman Capital is a private investment firm that targets smaller manufacturing companies, with a specific interest in companies that manufacture highly-engineered, non-commodity products across a broad range of industries. Tuckerman will also consider investments in niche service and distribution businesses. The Firm's target transaction size is between $8 and $30 million. Tuckerman relies on deal partners to help source potential transactions. Tuckerman Capital is based in Hanover, New Hampshire.


DEAL STATS #
Overall 6 of 17
Sector (Electronics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 10
State (California) 2 of 2
Country (United States) 6 of 16
Year (2006) 1 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-22 Rugby Manufacturing

Rugby, North Dakota, United States

Rugby Manufacturing, headquartered in North Dakota, produces an array of truck equipment, including scissor hoists, dump bodies, truck platforms, and landscape bodies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-06 Lattice Materials

Bozeman, Montana, United States

Lattice Materials, located in Bozeman, Montana, manufactures and distributes precision-machined silicon and germanium crystalline parts. Lattice supplies products to the world market for a variety of applications, including infrared imaging and directional laser mirrors.

Buy -
Buyer

Hanover Partners

San Francisco, California, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Hanover Partners is a private investment firm that targets middle-market companies with enterprise value between $10 and $60 million and EBIT of at least $2 million. Hanover prefers manufacturing or service based businesses located in the United States that serve business customers. Avoided industries include retail, construction, consulting, job-shops, and distributors not adding specific value. Hanover Partners was formed in 1994 and is based in San Francisco, California with an additional office in Oswego, Oregon.


DEAL STATS #
Overall 9 of 19
Sector (Electronics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 15
State (California) 1 of 3
Country (United States) 9 of 19
Year (2006) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-22 Rugby Manufacturing

Rugby, North Dakota, United States

Rugby Manufacturing, headquartered in North Dakota, produces an array of truck equipment, including scissor hoists, dump bodies, truck platforms, and landscape bodies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Solidscape

Merrimack, New Hampshire, United States

Solidscape, Inc. manufactures rapid prototyping systems that produce small, resin parts. The Company's equipment is particularly effective in making high-precision parts that require dimensional accuracy and a high quality surface finish.

Buy -