M&A Deal Summary

Avnet Acquires Source Electronics

On July 30, 2008, Avnet acquired electronics company Source Electronics from H.I.G. Private Equity

Acquisition Highlights
  • This is Avnet’s 7th transaction in the Electronics sector.
  • This is Avnet’s 7th transaction in the United States.
  • This is Avnet’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2008-07-30
Target Source Electronics
Sector Electronics
Buyer(s) Avnet
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

Source Electronics

Hollis, New Hampshire, United States
Source Electronics Corporation is a independent provider of outsourced, custom programming services for integrated circuits. The Company is the only independent programming provider that supports its customers with a global footprint to rapidly shift production to meet the large volume requirements of multi-national customers.

Search 199,713 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Avnet

Phoenix, Arizona, United States
Category Company
Founded 1921
Sector Distribution
Employees15,800
Revenue 26.5B USD (2023)
DESCRIPTION
Avnet's corporate headquarters in Phoenix, Arizona.
Avnet's corporate headquarters in Phoenix, Arizona.

Avnet is a distributor of electronic components, computer products, and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. Avnet was founded in 1921 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 35 of 78
Sector (Electronics) 7 of 13
Type (Add-on Acquisition) 28 of 68
State (New Hampshire) 1 of 1
Country (United States) 7 of 26
Year (2008) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 Horizon Technology Group

Dublin, Ireland

Horizon Technology Group plc is a technical integrator and distributor of information technology products in the UK and Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-30 Nippon Denso Industry

Japan

Nippon Denso Industry Co. Ltd. is a distributor of electronic components with established design and engineering expertise.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 19 of 174
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 7 of 72
State (New Hampshire) 1 of 1
Country (United States) 19 of 120
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-24 Helios

Tampa, Florida, United States

Helios provides management of pharmacy benefits, durable medical equipment, home health care, and other ancillary services for workers’ compensation and auto no-fault insurance companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-08 Shapes/Arch Holdings

Delair, New Jersey, United States

Shapes/Arch Holdings through its operating subsidiaries, is a manufacturer and distributor of a wide array of customized aluminum extrusions.

Buy -
Mergr

Product

Company

Legal