M&A Deal Summary

Bose Acquires McIntosh Group

On November 19, 2024, Bose acquired electronics company McIntosh Group from Highlander Partners and NMP Capital

Acquisition Highlights
  • This is Bose’s 1st transaction in the Electronics sector.
  • This is Bose’s 1st transaction in the United States.
  • This is Bose’s 1st transaction in New York.

M&A Deal Summary

Date 2024-11-19
Target McIntosh Group
Sector Electronics
Buyer(s) Bose
Sellers(s) Highlander Partners
NMP Capital
Deal Type Add-on Acquisition

Target

McIntosh Group

New York, New York, United States
McIntosh Group is a developer of high-performance audio equipment controlling McIntosh, Audio Research, Sonus Faber and Wadia brands. McIntosh Group is based in New York, New York.

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Buyer(S) 1

Buyer

Bose

Framingham, Massachusetts, United States

Category Company
Founded 1964
Sector Electronics
Employees11,000
DESCRIPTION
Bose's corporate headquarters in Framingham, Massachusetts.
Bose's corporate headquarters in Framingham, Massachusetts.

Bose Corporation is a producer of consumer and professional electronics. The Company designs a variety of headphones and speakers for a variety of applications. Bose was formed in 1964 and is based in Framingham, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-11 Bose Professional

Framingham, Massachusetts, United States

Bose Professional is focused on creating systems that are easy to design, install, and operate for performance, commercial, and conferencing applications. These systems can be heard all around the world, in workplaces, houses of worship, universities, restaurants, retail stores, hotels, performing arts centers, and more. Bose Professional is based in Framingham, Massachusetts.

Sell -

Seller(S) 2

SELLER

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.


DEAL STATS #
Overall 31 of 31
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 20 of 20
State (New York) 1 of 1
Country (United States) 22 of 22
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 Jianke

Guangzhou, China

Jianke provides online chronic disease management services in China. The company provides services through online chronic disease management platform to address the needs of patients with chronic disease, such as hypertension, cardiovascular and respiratory chronic diseases. Jianke was founded in 2015 and is based in Guangzhou, China.

Sell -
SELLER

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 54 of 54
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 27 of 27
State (New York) 4 of 4
Country (United States) 52 of 52
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Bix Produce

Little Canada, Minnesota, United States

Bix Produce processes and distributes the finest quality bulk and pre-cut fruits and vegetables, dairy, and related food items to food service operators, including restaurants, hotels, educational institutions, health care facilities, and country clubs. Bix Produce was founded in 1930 and is based in Little Canada, Minnesota.

Sell -