M&A Deal Summary

Aptiv Acquires Antaya Technologies

On September 22, 2014, Aptiv acquired manufacturer Antaya Technologies from Commonwealth Venture Funding

Acquisition Highlights
  • This is Aptiv’s 1st transaction in the Manufacturing sector.
  • This is Aptiv’s 2nd transaction in the United States.
  • This is Aptiv’s 1st transaction in Rhode Island.

M&A Deal Summary

Date 2014-09-22
Target Antaya Technologies
Sector Manufacturing
Buyer(s) Aptiv
Sellers(s) Commonwealth Venture Funding
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Antaya Technologies

Cranston, Rhode Island, United States
Antaya Technologies Corp. is a manufacturer of on-glass connectors for the automotive glass industry.

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Buyer(S) 1

Buyer

Aptiv

Dublin, Ireland

Category Company
Founded 2011
Sector Automotive
Employees154,000
Revenue 20.1B USD (2023)
DESCRIPTION

Aptiv is a supplier of technologies for the automotive and commercial vehicle markets. England, Delphi operates major technical centers, manufacturing sites and customer support services in 32 countries. Aptiv was founded in 2011 and is based in Dublin, Ireland.


DEAL STATS #
Overall 3 of 12
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 1 of 8
State (Rhode Island) 1 of 1
Country (United States) 2 of 6
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-24 FCI SA - Motorized Vehicles Division

France

FCI SA - Motorized Vehicles Division is a manufacturer of connectors that link different parts of an airbag.

Buy €765M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 Unwired Technology

Woodbury, New York, United States

Unwired Technology LLC is engages in the designer and supplier of high-speed USB connectivity modules and wireless headphone systems for the global automotive industry.

Buy -

Seller(S) 1

SELLER

Commonwealth Venture Funding

Wakefield, Massachusetts, United States

Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Commonwealth Venture Funding Group (CVFG) is an independent private equity firm focused on making investments in small and middle-market firms. CVFG areas of focus include manufacturing and value-added distribution for industrial markets, consumer durables, and food. The Firm prefers businesses located in the US and will only consider investments resulting in controlling interest. CVFG will not finance turnarounds. CVFG was formed in 1998 and is located in Wakefield, Massachusetts.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Rhode Island) 1 of 1
Country (United States) 2 of 2
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-03 Specialty Brands of America

Westbury, New York, United States

Specialty Brands is a packaged foods company with a portfolio of strong and differentiated brands. Specialty Brands’ largest brand is Bear Creek Country Kitchens. Bear Creek is the leading brand of hearty dry soups in the United States. Bear Creek also offers a line of savory pasta dishes and hearty rice dishes. Specialty Brands also offers Spring Tree, Cary’s and MacDonald’s pure maple syrups and pancake syrups, New York Flatbreads and Canoleo margarine.

Sell $155M