M&A Deal Summary

Thermo Telecom Partners Acquires United Engines

On January 1, 2001, private equity firm Thermo Telecom Partners acquired manufacturer United Engines for 10M USD

Acquisition Highlights
  • This is Thermo Telecom Partners’ 1st transaction in the Manufacturing sector.
  • This is Thermo Telecom Partners’ largest (disclosed) transaction.
  • This is Thermo Telecom Partners’ 1st transaction in the United States.
  • This is Thermo Telecom Partners’ 1st transaction in Oklahoma.
Investment Fate
  • United Engines was sold to management in 2006.

M&A Deal Summary
Date 2001-01-01
Target United Engines
Sector Manufacturing
Buyer(s) Thermo Telecom Partners
Deal Type Consolidation
Deal Value 10M USD

Target

United Engines

Oklahoma City, Oklahoma, United States
website
United sells engineered equipment, parts and service to numerous markets including transportation, drilling, power generation, and oil field services.

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Buyer(S) 1

Buyer

Thermo Telecom Partners

Denver, Colorado, United States

website

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

Thermo Capital Partners LLC is the private equity arm of Thermo Companies, an asset management firm that provides growth financing to small and middle market companies. Thermo Capital focuses on profitable, rapidly growing companies led by strong management teams. Thermo looks to invest $5 to $100 million per transaction. The Firm targets companies operating in the fields of telecommunications, technology and business services. Thermo Capital Partners LLC is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 1
Type (Consolidation) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 3
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-03 Globalstar

Covington, Louisiana, United States

Globalstar is a provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Globalstar was founded in 1993 and is based in Covington, Louisiana.

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