Investment Summary

Exits ACR Group

On March 17, 1999, invested in electronics company ACR Group from North American Funds

Investment Highlights
  • This is transaction in the Electronics sector.
  • This is transaction in the United States.
  • This is transaction in Florida.
Investment Fate
  • ACR Group was sold to a financial buyer in 2012.
  • ACR Group was sold to a consortium of financial buyers in 2013.

Investment Summary

Date 1999-03-17
Target ACR Group
Sector Electronics
Sellers(s) North American Funds
Deal Type Trade Sale - Public Company

Target

ACR Group

Fort Lauderdale, Florida, United States
website
ACR Group is a provider of advanced electronics for tracking, communication, data management, and visual and distressed signaling across attractive growth markets including aviation, marine, military, and specialty applications. ACR Group was formed in 1956 and is based in Fort Lauderdale, Florida.

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Seller(S) 1

SELLER

North American Funds

Chicago, Illinois, United States

website


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

North American Funds LLC (Formerly North American Business Development Companies LLC) are a collection of investment vehicles focused on acquiring or making significant investments in smaller and lower middle-market growth-oriented companies. North American targets profitable companies generating sales of $5 to $40 million and EBITDA of $500K to $5 million. Sectors of interest include manufacturing, food/beverage, medical services, consumer products/services, distribution, business services, education, and financial services. The fund partnerships are managed by the North American Business Development Companies. North American Funds was formed in 1989 and maintains offices in Chicago, Illinois and Fort Lauderdale, Florida.


DEAL STATS #
Overall 3 of 7
Sector (Electronics) 1 of 1
Type (Trade Sale - Public Company) 3 of 4
State (Florida) 1 of 1
Country (United States) 3 of 7
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Actown-Electrocoil

Spring Grove, Illinois, United States

Actown-Electrocoil, Inc. is a manufacturer of custom electromagnetic devices (transformers, industrial coils, inductors) for a diverse base of blue-chip customers. Also produces a proprietary line of products for the outdoor signage market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-15 AMTEC Precision Products

Elgin, Illinois, United States

AMTEC Precision Products, Inc. is a manufacturer of high-volume, close-tolerance machined metal components principally for automotive, diesel engine and capital equipment markets.

Sell -