M&A Deal Summary

Tektronix Service Solutions Acquires Davis Inotek Instruments

On December 31, 2009, Tektronix Service Solutions acquired test/measurement equipment company Davis Inotek Instruments from Praesidian Capital

Acquisition Highlights
  • This is Tektronix Service Solutions’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Tektronix Service Solutions’ 1st transaction in the United States.
  • This is Tektronix Service Solutions’ 1st transaction in Illinois.

M&A Deal Summary
Date 2009-12-31
Target Davis Inotek Instruments
Sector Test/Measurement Equipment
Buyer(s) Tektronix Service Solutions
Sellers(s) Praesidian Capital
Deal Type Add-on Acquisition

Target

Davis Inotek Instruments

Vernon Hills, Illinois, United States
Davis Inotek Instruments, LLC, doing business as Davis Calibration, provides calibration, repair, certification, and support services for test, measurement, and control instruments in North America.

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Buyer(S) 1

Buyer

Tektronix Service Solutions

Orlando, Florida, United States
Category Company
Founded 1944
Sector Electrical Equipment
DESCRIPTION

Tektronix Service Solutions provides calibration, component screening, and product testing and evaluation services.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.

DEAL STATS #
Overall 3 of 29
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 10
State (Illinois) 1 of 2
Country (United States) 3 of 27
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-10 Bridge Capital

Hauppauge, New York, United States

Bridge Capital is Long Island’s licensed commercial check casher. Bridge Capital provides liquidity to local Long Island businesses to fund working capital needs. The Company offers a highly desirable service to businesses by bridging the gap between customers’ payments and the availability of those funds. Bridge Capital was formed in 2006 and is based in Hauppauge, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-03 Sun Water Systems

Haltom City, Texas, United States

Sun Water Systems, Inc. (dba Aquasana) is a designer, assembler and marketer of premium performance water treatment products, including whole-house treatment systems, drinking water solutions for at home and on-the-go, and shower filters.

Buy -
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