M&A Deal Summary

Merit Capital Partners Acquires MTI Electronics

On May 1, 1999, mezzanine finance firm Merit Capital Partners acquired electronics company MTI Electronics

Acquisition Highlights
  • This is Merit Capital Partners’ 1st transaction in the Electronics sector.
  • This is Merit Capital Partners’ 23rd transaction in the United States.
  • This is Merit Capital Partners’ 6th transaction in Wisconsin.
Investment Fate
  • MTI Electronics was sold to a strategic buyer in 2013.

M&A Deal Summary

Date 1999-05-01
Target MTI Electronics
Sector Electronics
Buyer(s) Merit Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

MTI Electronics

Menomonee Falls, Wisconsin, United States
MTI International, Inc. is a provider of electronic contract manufacturing services, including the design and testing of PCB assemblies and custom thick-film hybrid circuit design and manufacturing. MTI Electronics was founded in 1976 and is based in Menomonee Falls, Wisconsin.

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Buyer(S) 1

Buyer

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $20 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit Capital Partners was formed in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 23 of 105
Sector: Electronics M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 63
State: Wisconsin M&A 6 of 19
Country: United States M&A 23 of 104
Year: 1999 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-01 May Logistics Services

Homewood, Illinois, United States

May Logistics Services, Inc. is a provider of logistics management and a variety of customized services related to its customers’ logistics needs through its operating subsidiary ADS. ADS is a national provider of logistics services to producers and consumers of steel, aluminum and non-ferrous metals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-01 Mail Box Capital

Irving, Texas, United States

Mail Box Capital Corporation is a provider of mailing services in the southwest United States. Company offer a full line of lettershop, printing and presorting capabilities. Mail Box also is one of the largest independent mailing firms in the country, processing approximately one billion pieces of mail each year.

Buy -