M&A Deal Summary

AEM Acquires Renaissance

On February 1, 2022, AEM acquired electrical equipment company Renaissance from Gen Cap America

Acquisition Highlights
  • This is AEM’s 1st transaction in the Electrical Equipment sector.
  • This is AEM’s 1st transaction in the United States.
  • This is AEM’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2022-02-01
Target Renaissance
Sector Electrical Equipment
Buyer(s) AEM
Sellers(s) Gen Cap America
Deal Type Add-on Acquisition

Target

Renaissance

Harvard, Massachusetts, United States
Renaissance is a designer and producer of high-reliability passive and active radio frequency (RF) and millimeter-wave frequency (mmW) components, sub-systems, and higher-order assemblies, primarily serving the custom needs of the defense and commercial markets. Renaissance’s engineered solutions have applications across a wide spectrum ranging from DC to 325GHz and their products are used in radars, defense, and communication systems that rely on optimized bandwidth and range. Renaissance was founded in 1991 and is based in Harvard, Massachusetts.

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Buyer(S) 1

Buyer

AEM

San Diego, California, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

AEM designs and produces mission-critical, passive circuit protection components through two divisions. AEM’s A&D division provides advanced, high-reliability fuses, ferrite chip beads, and tin whisker mitigation products for satellite, defense, and aerospace applications. AEM’s Commercial division provides high-end SolidMatrix® and AirMatrix® surface mount fuses and inductive components for commercial applications, including IT, visual display, automotive and EV, power tools, lithium battery, 5G, IoT, security devices, and telecom. AEM is based in San Diego, California.

DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 Central Semiconductor

Hauppauge, New York, United States

Central Semiconductor is a designer and manufacturer of standard and custom discrete semiconductor solutions for a range of end markets, including industrial, medical, aerospace, defense, and commercial. Central Semiconductor was founded in 1974 and is based in Hauppauge, New York.

Buy -

Seller(S) 1

SELLER

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $10 to $200 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 24 of 29
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 12 of 14
State (Massachusetts) 2 of 3
Country (United States) 24 of 29
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-03 Lab Products

Seaford, Delaware, United States

Lab Products is a manufacturer of laboratory animal housing and care equipment. Lab Products serves an entrenched global base of customers spanning multiple market segments, including the sciences, government, and academic research. Lab Products was founded in 1969 and is based in Seaford, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 Aquasol

North Tonawanda, New York, United States

Aquasol is a manufacturer of water-soluble welding consumables, pipeline purging technologies, specialty paper and packaging products. Products include purging consumables and other technologies that are critical for high-tech welding, particularly for use in challenging environments or applications. The Company’s patented product offering is mostly custom formulated and is used at refineries, plants, pipelines and other facilities that require pipe fabrication and maintenance. Aquasol was founded in 2003 and is headquartered in North Tonawanda, New York.

Buy -
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