Investment Summary

Berwind Exits ECCO Safety Group

On January 6, 2021, Clarience Technologies invested in safety/security company ECCO Safety Group from Berwind

Investment Highlights
  • This is Clarience Technologies’ 1st transaction in the Safety/Security sector.
  • This is Clarience Technologies’ 3rd transaction in the United States.
  • This is Clarience Technologies’ 1st transaction in Idaho.

Investment Summary

Date 2021-01-06
Target ECCO Safety Group
Sector Safety/Security
Investor(s) Clarience Technologies
Sellers(s) Berwind
Deal Type Add-on Acquisition

Target

ECCO Safety Group

Boise, Idaho, United States
ECCO Safety Group is a provider of audible warning equipment and emergency lighting for commercial and emergency vehicles and home to brands like ECCO and Code 3. ECCO Safety Group is based in Boise, Idaho.

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Investor(S) 1

Investor

Clarience Technologies

Southfield, Michigan, United States

Category Company
Founded 1955
Sector Automotive
DESCRIPTION

Clarience Technologies is a producer of forward and safety lighting, wiring harnesses, turn signal switches and safety accessories for the medium- and heavy-duty truck, trailer and commercial vehicle industries. The company also designs and manufactures Road Ready® telematics systems for heavy- and light-duty trailers and off-road industrial usage; fuel filtration and water separation systems; and rugged LED lighting for the off-road and marine industries. Clarience Technologies was founded in 1955 and is based in Southfield, Michigan.


DEAL STATS #
Overall 3 of 6
Sector: Safety/Security M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 6
State: Idaho M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-12 Lumitec

Delray Beach, Florida, United States

Lumitec LLC is a premier supplier of LED lighting for the marine industry. Lumitec supplies deck, underwater, interior, navigation, and specialty lighting to more than 250 boat builders worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 LED Autolamps

Bundoora, Australia

LED Autolamps is an Australian-based provider of commercial truck, trailer and off-highway LED lighting solutions sold in Australia, New Zealand, and Europe. LED Autolamps is based in Bundoora, Australia.

Buy -

Seller(S) 1

SELLER

Berwind

Philadelphia, Pennsylvania, United States

Category Family Office
Founded 1886
Size Large
Type Sector Agnostic
DESCRIPTION

Berwind Corporation is a family-owned private investment firm focused on building a diversified portfolio of highly successful manufacturing and service companies. Target companies should be leaders in their respective markets, with strong organic growth prospects, and consistently high margins. Specific areas of interest include pharmaceutical, specialty chemical, office and craft, automotive, and natural resources. Acquisitions of any size are considered if they are assimilated into an existing Berwind company. Potential new platform companies range in value between $300 and $1500 million. Berwind Corporation dates back to 1886 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 6 of 6
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Idaho M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Wellness Pet

Burlington, Massachusetts, United States

Wellness Pet is an independent natural pet food company that offers nutritional recipes with the highest quality ingredients for dogs and cats. Wellness Pet was established in 1926 and is headquartered in Burlington, Massachusetts.

Sell -