M&A Deal Summary |
|
|---|---|
| Date | 2007-04-18 |
| Target | SeaCon Phoenix |
| Sector | Manufacturing |
| Buyer(s) | AMETEK |
| Sellers(s) |
Hastings Equity Partners
Admiralty Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 38M USD |
| Advisor(s) | Morse Barnes-Brown & Pendleton (Legal) |
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| Category | Company |
|---|---|
| Founded | 1930 |
| Sector | Test/Measurement Equipment |
| Employees | 21,500 |
| Revenue | 6.6B USD (2023) |
AMETEK is a global manufacturer of electronic instruments and electromechanical devices. AMETEK was founded in 1930 and is based in Berwyn, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 72 |
| Sector (Manufacturing) | 3 of 8 |
| Type (Add-on Acquisition) | 9 of 65 |
| State (Rhode Island) | 1 of 1 |
| Country (United States) | 11 of 59 |
| Year (2007) | 2 of 6 |
| Size (of disclosed) | 33 of 37 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-02-05 |
Southern Aero Partners
Tulsa, Oklahoma, United States Southern Aero Partners, Inc. provides a broad range of repair, overhaul and manufacturing services for commercial aircraft components. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-06-05 |
B & S Aircraft Parts and Accessories
Wichita, Kansas, United States B&S Aircraft Parts & Accessories (B&S) provides third party MRO services, primarily for starter generators and hydraulic and fuel system components, for a variety of business aircraft and helicopter applications. B&S is the second acquisition AMETEK has made recently in the third party MRO market, building on its position in this attractive market. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Middle-Market |
| Type | Sector Focused |
Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 20 |
| Sector (Manufacturing) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 6 |
| State (Rhode Island) | 2 of 2 |
| Country (United States) | 2 of 19 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-23 |
R.L. Drake
Franklin, Ohio, United States R.L. Drake, LLC is a manufacturer of video signal modulation and transcoding equipment for cable television (CATV) headends. Headends are the primary network equipment that receives the core broadcast signal and converts and allocates the signal over different channels for distribution to end viewers. R.L. Drake sells headend equipment to CATV equipment distributors, systems integrators, CATV buying co-ops, service providers, and telephone companies. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-05-08 |
Taylored Services
Los Angeles, California, United States Taylored Services is a third-party logistics outsourced warehousing and distribution services company. TSI operates warehouses on the East and West Coast serving the ports of Newark and Long Beach where many of its customers import their products from Asia and Europe. Taylored Services was founded in 1992 and is based in Los Angeles, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 70M USD |
| Size | Small |
| Type | Sector Focused |
Admiralty Partners is a specialist private equity firm founded by Jon Kutler, creator of Quarterdeck (later sold to Jefferies & Company). Admiralty targets companies in the aerospace, defense, and federal information technology industries. The Firm looks for businesses generating at least $25 million in sales and will consider opportunities valued up to $100 million. Prospective transactions include acquisitions, recapitalizations, and turnarounds. The Firm will not consider venture investments. Admiralty Partners was formed in 2006 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 9 |
| Sector (Manufacturing) | 2 of 2 |
| Type (Add-on Acquisition) | 3 of 7 |
| State (Rhode Island) | 1 of 1 |
| Country (United States) | 3 of 7 |
| Year (2007) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-03-01 |
Trident Space & Defense
Torrance, California, United States Trident Space & Defense located in Torrance, California is a recognized industry leader and global supplier of high reliability microelectronic products and services for the Aerospace and Military markets. Originally established in 1976 as a division of TRW (formerly known as TRW-CI), the division became part of privately held Vertical Circuits Inc. in 1999. With the launch of Trident Space & Defense in 2007 - the three legacy Mil/Aero business units in Torrance California (Electronic Components, Advanced Products Group and Ground Systems) are well positioned to build on a proven legacy of 30 successful years in supporting the industry at large with our high technology solutions and total commitment to customer service and support. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-29 |
AmSafe
Phoenix, Arizona, United States AmSafe, Inc. is a provider of highly engineered, proprietary safety and securement systems for the aviation, air cargo, military and specialty vehicle markets. |
Sell | - |
