M&A Deal Summary

Johnson Electric Holdings Acquires Stackpole International

On August 11, 2015, Johnson Electric Holdings acquired machinery company Stackpole International from Crestview Partners and Trustar Capital for 867M CAD

Acquisition Highlights
  • This is Johnson Electric Holdings’ 2nd transaction in the Machinery sector.
  • This is Johnson Electric Holdings’ 2nd largest (disclosed) transaction.
  • This is Johnson Electric Holdings’ 1st transaction in Canada.
  • This is Johnson Electric Holdings’ 1st transaction in Ontario.

M&A Deal Summary

Date 2015-08-11
Target Stackpole International
Sector Machinery
Buyer(s) Johnson Electric Holdings
Sellers(s) Crestview Partners
Trustar Capital
Deal Type Add-on Acquisition
Deal Value 867M CAD
Advisor(s) UBS Investment Bank
Morgan Stanley (Financial)
Kirkland & Ellis
Stikeman Elliott LLP (Legal)

Target

Stackpole International

Ancaster, Ontario, Canada
website
Stackpole International, Inc. is a manufacturer and sole source supplier of highly-engineered oil pumps and powdered metal components to automotive original equipment manufacturers.

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Buyer(S) 1

Buyer

Johnson Electric Holdings

Sha Tin, China

website


Category Company
Founded 1959
Sector Electrical Equipment
Employees35,000
Revenue 3.2B USD (2021)
DESCRIPTION
Johnson Electric office in Plymouth, Michigan.
Johnson Electric office in Plymouth, Michigan.

Johnson Electric is a provider of electric motors and motion subsystems. It serves a broad range of industries including automotive, building automation and security, business machines, security and aerospace, food and beverage equipment, home technologies, HVAC, industrial equipment, medical devices, personal care, power equipment and power tools. Johnson Electric was founded in 1959 and is based in Sha Tin, China.


DEAL STATS #
Overall 8 of 9
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-24 SAIA-Burgess Controls

Murten, Switzerland

SAIA-Burgess Electronics is a supplier of stepper motors, switches, actuators and electronic controllers. Saia-Burgess Controls has more than 300 employees and serves customers throughout Europe through a network of more than 500 system integrators.

Sell $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-05 AML Systems

Paris, France

AML Systems, a spin-off of Valeo lighting business, designs, produces and commercializes.

Buy €65M

Seller(S) 2

SELLER

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 13 of 26
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 7 of 11
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 2 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-09 Fidelis Insurance

Pembroke, Bermuda

Fidelis Insurance is a provider of insurance underwriting and reinsurance services. The Company underwrites specialty lines of insurance focused on energy, marine, property, aviation, and political risk out of Bermuda and London, with a balance between insurance and reinsurance. Fidelis Insurance was founded in 2014 and is based in Pembroke, Bermuda.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Samson Investment

Tulsa, Oklahoma, United States

Samson Investment Company is a privately-held independent exploration and production company.

Sell -
SELLER

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 8 of 24
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 6 of 12
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 2 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 Mark Styler

Shibuya, Japan

Mark Styler designs, develops and does retailing of women’s apparels under various brands including MERCURYDUO, EMODA, dazzlin, MURUA and Ungrid. Mark Styler was founded in 2005 and is based in Shibuya, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Henniges Automotive

Auburn Hills, Michigan, United States

Henniges Automotive, Inc. is a designer, manufacturer and seller of a complete line of highly engineered sealing and anti-vibration systems for automotive applications systems for doors, windows, trunks, lift-gates, sunroofs and hoods.

Sell -