M&A Deal Summary

AMETEK Acquires Technical Services for Electronics

On June 1, 2010, AMETEK acquired electrical equipment company Technical Services for Electronics from Pfingsten Partners

Acquisition Highlights
  • This is AMETEK’s 4th transaction in the Electrical Equipment sector.
  • This is AMETEK’s 21st transaction in the United States.
  • This is AMETEK’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2010-06-01
Target Technical Services for Electronics
Sector Electrical Equipment
Buyer(s) AMETEK
Sellers(s) Pfingsten Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Technical Services for Electronics

Arlington, Minnesota, United States
Technical Services for Electronics, Inc. produces and supplies custom cable assembly and interconnection solutions for device, data communications, test instrumentation, and avionics markets.

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Buyer(S) 1

Buyer

AMETEK

Berwyn, Pennsylvania, United States

Category Company
Founded 1930
Sector Test/Measurement Equipment
Employees21,500
Revenue 6.6B USD (2023)
DESCRIPTION
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.

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 24 of 72
Sector (Electrical Equipment) 4 of 12
Type (Add-on Acquisition) 19 of 65
State (Minnesota) 1 of 3
Country (United States) 21 of 59
Year (2010) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-08 Imago Scientific Instruments

Madison, Wisconsin, United States

Imago Scientific Instruments, a manufacturer of 3D atom probes, based in Madison, WI. Imago is a pioneer in the development of 3D atom probe technology, which is used in advanced materials science to conduct atomic level imaging and analysis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Haydon Enterprises

Waterbury, Connecticut, United States

Haydon Enterprises, Inc. is a designer and manufacturer of high-performance linear actuators, lead screw assemblies, rotary stepper motors, slides, linear rails, and hermetically sealed switches.

Buy $270M

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 40
Sector (Electrical Equipment) 1 of 6
Type (Add-on Acquisition) 4 of 16
State (Minnesota) 2 of 3
Country (United States) 9 of 40
Year (2010) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-07 Hy-Bon Engineering

Midland, Texas, United States

Hy-Bon Engineering Co. Inc. design and fabrication of customized compressor packages for handling low pressure gas streams. Regardless of the application: whether gas from oilfield stock tanks, casinghead gas, field gas collection or biogas from wastewater facilities, digester tanks, landfills or breweries, HY-BON/EDI can design the package required. HY-BON/EDI also designs and manufactures custom compressed natural gas (CNG) packages for municipal applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-10 SpeeCo

Golden, Colorado, United States

SpeeCo, Inc. manufactures and supplies log splitters, post-hole diggers, tractor three-point linkage parts and equipment, and farm accessories for tractor manufacturers, implement dealers, and farm equipment retailers.

Sell $90M