M&A Deal Summary

Audiovox Electronics Acquires Terk Technologies

On January 4, 2005, Audiovox Electronics acquired electronics company Terk Technologies from Topspin Partners LBO for 13M USD

Acquisition Highlights
  • This is Audiovox Electronics’ 2nd transaction in the Electronics sector.
  • This is Audiovox Electronics’ largest (disclosed) transaction.
  • This is Audiovox Electronics’ 2nd transaction in the United States.
  • This is Audiovox Electronics’ 1st transaction in New York.

M&A Deal Summary
Date 2005-01-04
Target Terk Technologies
Sector Electronics
Buyer(s) Audiovox Electronics
Sellers(s) Topspin Partners LBO
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Terk Technologies

Commack, New York, United States
Terk Technologies Corp. designs, manufactures and distributes branded radio and TV antennas as well as selected components for sound/stereo systems.

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Buyer(S) 1

Buyer

Audiovox Electronics

Hauppauge, New York, United States
Category Company
Sector Distribution
DESCRIPTION

Audiovox Electronics Corp. a marketing automotive accessories company.

DEAL STATS #
Overall 2 of 2
Sector (Electronics) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-07 Code Systems

Madison Heights, Michigan, United States

Code Alarm, Inc. designs, engineers, manufactures, and markets advanced vehicle electronics including automotive security systems and components, remote keyless entry systems, security and convenience accessories and remote car start systems.

Buy -

Seller(S) 1

SELLER

Topspin Partners LBO

Category Private Equity Firm
Founded 2001
PE ASSETS 213M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Topspin LBO is the buyout arm of investment firm Topspin Partners. Topspin LBO looks to invest in established businesses with growing revenue and cash-flow of $2 to $10 million. Prospective companies generally have proven management in place and operate with defensible business models. While, Topspin will consider investing in businesses across the US, the Firm has a strong preference for opportunities serving the Long Island, New York area. Sectors of interest include security services, consumer products, publishing/media, niche manufacturing, food and beverage and restaurants. Topspin LBO was formed in 2001 and is based in Roslyn Heights, New York.

DEAL STATS #
Overall 1 of 12
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (New York) 1 of 4
Country (United States) 1 of 12
Year (2005) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-01 Tiffen

Hauppauge, New York, United States

Tiffen is a Long Island manufacturer and distributor of branded photographic accessories. Tiffen was founded in 1938 and is based in Hauppauge, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-24 Band Digital

Chicago, Hawaii, United States

Whittman-Hart was an IT consulting and services firm focusing on middle-market customers. The company created an expansion model that enabled it to replicate its core service offerings, taking it from a single location to a total of 21 offices.

Buy $13M
Mergr

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