M&A Deal Summary |
|
|---|---|
| Date | 2019-07-01 |
| Target | Freedom Communication Technologies |
| Sector | Test/Measurement Equipment |
| Buyer(s) | Astronics |
| Sellers(s) |
Tuckerman Capital
Hanover Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 22M USD |
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Astronics designs and manufactures products for the aerospace and defense industries. Astronics was founded in 1968 and is based in East Aurora, New York.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 9 |
| Sector (Test/Measurement Equipment) | 1 of 2 |
| Type (Add-on Acquisition) | 8 of 9 |
| State (Texas) | 1 of 1 |
| Country (United States) | 7 of 7 |
| Year (2019) | 1 of 2 |
| Size (of disclosed) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-27 |
Telefonix
Waukegan, Illinois, United States Telefonix, Inc. is a designer and manufacturer of an advanced in-flight entertainment and connectivity equipment, as well as providing industry leading design consultancy services for the global aerospace industry. The company’s products include wireless access points, file servers, content loaders, passenger control units and cord reels, as well as engineering services for its customers. |
Buy | $104M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-04 |
Diagnosys Test Systems
Dorset, United Kingdom Diagnosys Test Systems Ltd. is a developer and manufacturer of comprehensive automated test equipment (ATE) providing test, support, and repair of high-value electronics, electro-mechanical, pneumatic and printed circuit boards focused on the global mass transit and defense markets. Diagnosys Test Systems is based in Dorset, United Kingdom. |
Buy | $7M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| Size | Small |
| Type | Sector Focused |
Tuckerman Capital is a private investment firm that targets smaller manufacturing companies, with a special interest in businesses that manufacture highly-engineered, non-commodity products across a broad range of industries. Tuckerman will also consider investments in niche service and distribution businesses. Tuckerman relies on deal partners to help source potential transactions. Tuckerman Capital is based in Hanover, New Hampshire.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 14 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 7 of 8 |
| State (Texas) | 2 of 3 |
| Country (United States) | 10 of 14 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-15 |
Orthofeet
Norwood, New Jersey, United States Orthofeet is a designer and manufacturer of orthopedic shoes and custom orthotics primarily serving the diabetic market. Orthofeet was formed in 1984 and is based in Norwood, New Jersey. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-01 |
Anser Advisory
Cypress, California, United States Anser Advisory is a national firm specializing in capital program funding, program management, project management, construction management, and executive advisory services. The firm provides program advisory services to clients across the country in industries that include transportation, higher education, K-12 education, industrial, federal, state, and local government, healthcare, hospitality, and housing. Anser Advisory is based in Santa Ana CA, Boston MA, Orlando FL, San Francisco CA, Atlanta GA, and now Clinton, New Jersey. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| Size | Small |
| Type | Sector Agnostic |
Hanover Partners is a private investment firm that targets middle-market companies with enterprise value between $10 and $60 million and EBIT of at least $2 million. Hanover prefers manufacturing or service based businesses located in the United States that serve business customers. Avoided industries include retail, construction, consulting, job-shops, and distributors not adding specific value. Hanover Partners was formed in 1994 and is based in San Francisco, California with an additional office in Oswego, Oregon.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 13 |
| Sector (Test/Measurement Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 8 of 9 |
| State (Texas) | 1 of 1 |
| Country (United States) | 10 of 13 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-05 |
Audio Precision
Beaverton, Oregon, United States Audio Precision is a manufacturer of electronic instruments used to test and measure audio signals in high-end audio and broadcast equipment. The company has a highly international customer base comprised of almost every major manufacturer of high-quality consumer and professional audio equipment, including Dolby Labs, Sony, Panasonic, Motorola, Texas Instruments, and Harman. The Company is rich with patents, proprietary software, and engineering talent, blending a high-tech profile with long-lifecycle products, and thus providing very stable revenue and profitability. Hanover Partners teamed with an institutional investor to purchase Audio Precision from its founders and has established a broad-based stock option plan to partner with the Company's management and key employees. Audio Precision was founded in 1984 and is based in Beaverton, Oregon. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-31 |
Westside Equipment
Madera, California, United States Westside Equipment is a manufacturer of tomato and pistachio harvesting equipment and related parts. Westside Equipment started manufacturing machinery for the tomato harvesting industry in 2001 and has grown from a small operation with four employees to a global leader in the commercial tomato harvester equipment industry. Westside Equipment was founded in 1986 and is based in Madera, California. |
Buy | - |
