M&A Deal Summary

Black & Decker Acquires Vector Products

On March 1, 2006, Black & Decker acquired electrical equipment company Vector Products from American Capital for 160M USD

Acquisition Highlights
  • This is Black & Decker’s 1st transaction in the Electrical Equipment sector.
  • This is Black & Decker’s largest (disclosed) transaction.
  • This is Black & Decker’s 1st transaction in the United States.
  • This is Black & Decker’s 1st transaction in Florida.

M&A Deal Summary
Date 2006-03-01
Target Vector Products
Sector Electrical Equipment
Buyer(s) Black & Decker
Sellers(s) American Capital
Deal Type Add-on Acquisition
Deal Value 160M USD

Target

Vector Products

Ft. Lauderdale, Florida, United States
Vector is a leading designer, developer, producer and marketer of portable power products for consumers in the automotive, marine, home and consumer electronics markets.Vector has prospered with a culture of innovation, exemplified by its nearly 60 patents in the U.S., 33 registered trademarks and over 100 patents pending.

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Buyer(S) 1

Buyer

Black & Decker

Towson, United States
Category Company
Founded 1910
Sector Manufacturing
Employees19,900
DESCRIPTION

Black & Decker is a global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology- based fastening systems.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 38 of 194
Sector (Electrical Equipment) 1 of 6
Type (Add-on Acquisition) 17 of 87
State (Florida) 3 of 12
Country (United States) 37 of 186
Year (2006) 7 of 26
Size (of disclosed) 32 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-27 The Redwood Cos.

Santa Rosa, California, United States

The Redwood Companie is a leading provider of drugs-of-abuse lab testing services and on-site test kits to the correctional, rehabilitation and point-of-care markets

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-08 Cottman Transmission Systems

Horsham, Pennsylvania, United States

Cottman Transmission Systems, Inc. is a franchiser of automotive transmission centers that repair, re manufacture and service transmissions and related components.

Sell -
Mergr

Product

Company

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