M&A Deal Summary

ACR Group Acquires FreeFlight Systems

On February 24, 2020, ACR Group acquired technology hardware company FreeFlight Systems from Elm Creek Partners

Acquisition Highlights
  • This is ACR Group’s 2nd transaction in the Technology Hardware sector.
  • This is ACR Group’s 1st transaction in the United States.
  • This is ACR Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-02-24
Target FreeFlight Systems
Sector Technology Hardware
Buyer(s) ACR Group
Sellers(s) Elm Creek Partners
Deal Type Add-on Acquisition

Target

FreeFlight Systems

Irving, Texas, United States
FreeFlight Systems Ltd. is a provider of navigation systems for commercial and military aircraft. FreeFlight Systems was founded in 2001 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

ACR Group

Fort Lauderdale, Florida, United States

Category Company
Founded 1956
Sector Electronics
DESCRIPTION
ACR's corporate headquarters located in Fort Lauderdale, Florida.
ACR's corporate headquarters located in Fort Lauderdale, Florida.

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 founded in 1956 and is based in Fort Lauderdale, Florida.


DEAL STATS #
Overall 3 of 4
Sector (Technology Hardware) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 United Moulders

Surrey, United Kingdom

United Moulders Ltd. is a designer and manufacturer of state-of-the-art lifejacket inflating devices. United Moulders Ltd. is based in Surrey, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 TRX Systems

Greenbelt, Maryland, United States

TRX Systems is a developer of NEON® GPS-denied location solutions, delivering location, mapping, and timing solutions where GPS is not available or is unreliable including indoors, underground, in dense urban areas, and where GPS is jammed or erroneous. TRX Systems was founded in 2007 and is based in Greenbelt, Maryland.

Buy -

Seller(S) 1

SELLER

Elm Creek Partners

Dallas, Texas, United States

Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Elm Creek Partners is a private equity firm that looks to partner with entrepreneurs and management teams to pursue niche opportunities with large market potential. Areas of interest include niche manufacturing (aerospace, defense, packaging equipment), industrial services (waste, recycling, logistics, testing services), healthcare, and transaction processing. Elm Creek looks to invest $3 to $6 million of equity capital in companies with annual revenues up to $50 million. Prospective transaction types can include recapitalizations, acquisition financings, and growth capital investments. Elm Creek will consider investments across the US, but focuses on transactions in the Southwest US and Texas. Elm Creek Partners was established in 2007 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 4 of 5
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Texas) 3 of 3
Country (United States) 4 of 5
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Care Group

Houston, Texas, United States

Care Group is a provider of in-home, pediatric respiratory therapy and enteral feeding services. The Care Group was founded in 1987 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Acute Behavioral Health

Nashville, Tennessee, United States

Acute Behavioral Health is a operator of non-hospital inpatient psychiatric treatment facilities providing behavioral healthcare services to adolescents. Acute Behavioral Health was founded in 2021 and is based in Nashville, Tennessee.

Buy -