M&A Deal Summary

Bel Acquires CUI Global - Power Business

On November 11, 2019, Bel acquired energy services and equipment company CUI Global - Power Business from CUI Global for 32M USD

Acquisition Highlights
  • This is Bel’s 1st transaction in the Energy Services and Equipment sector.
  • This is Bel’s 4th largest (disclosed) transaction.
  • This is Bel’s 8th transaction in the United States.
  • This is Bel’s 1st transaction in Oregon.

M&A Deal Summary

Date 2019-11-11
Target CUI Global - Power Business
Sector Energy Services and Equipment
Buyer(s) Bel
Sellers(s) CUI Global
Deal Type Divestiture
Deal Value 32M USD

Target

CUI Global - Power Business

Tualatin, Oregon, United States
CUI Global, Inc. - Power Business is complemented by a portfolio of world-class board level components, consisting of interconnect, sound, motion control, and thermal products.

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Buyer(S) 1

Buyer

Bel

West Orange, New Jersey, United States

Category Company
Founded 1949
Sector Electronics
Employees5,260
Revenue 640M USD (2023)
DESCRIPTION

Bel is a designer and manufacturer of products used in networking, telecommunications, high-speed data transmission, commercial aerospace, military, transportation, and consumer electronics. Bel was founded in 1949 and is based in West Orange, New Jersey.


DEAL STATS #
Overall 14 of 18
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 8 of 9
State (Oregon) 1 of 1
Country (United States) 8 of 9
Year (2019) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-03 BCMZ Precision Engineering

Sudbury, United Kingdom

BCMZ Precision Engineering Ltd. is a provider of machined components to a range of industries and is a trusted supplier of precision machined components into our Cinch Connectivity Solutions UK business. The company has a diversified portfolio of customers in the Automotive, Aerospace, Defense, Telecommunications, Fibre-Optic, and Medical Industrial Sectors. BCMZ is additionally expected to give Cinch the capability to continue to support key defense and industrial customers across Europe with localized in-house machining ability.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 rms Connectors

Minneapolis, Minnesota, United States

rms Connectors, Inc. is a provider of circular connectors used in a variety of military and aerospace applications. rms Connectors is based in Minneapolis, Minnesota.

Buy -

Seller(S) 1

SELLER

CUI Global

Tualatin, Oregon, United States

Category Company
Founded 1998
Sector Electrical Equipment
Employees170
Revenue 60M USD (2013)
DESCRIPTION

CUI Global, Inc. is a technology company provider of development, commercialization, and distribution of new, innovative electro-mechanical products.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Tectrol

Toronto, Ontario, Canada

Tectrol, Inc. is a designer and manufacturer of standard and custom power solutions.

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-24 Reach Construction Group

Apex, North Carolina, United States

Reach Construction Group LLC is an engineering, procurement, and construction ("EPC") company with expertise in the renewable energy industry. Reach Construction Group is based in Apex, North Carolina.

Buy $37M