M&A Deal Summary

Bpifrance Investissement and LACROIX Acquire Firstronic

On December 16, 2021, Bpifrance Investissement and LACROIX acquired electrical equipment company Firstronic

Acquisition Highlights
  • This is Bpifrance Investissement’s 1st and LACROIX’s 1st transaction in the Electrical Equipment sector.
  • This is Bpifrance Investissement’s 1st and LACROIX’s 1st transaction in the United States.
  • This is Bpifrance Investissement’s 1st and LACROIX’s 1st transaction in Michigan.

M&A Deal Summary
Date 2021-12-16
Target Firstronic
Sector Electrical Equipment
Buyer(s) Bpifrance Investissement
LACROIX
Deal Type Add-on Acquisition

Target

Firstronic

Grand Rapids, Michigan, United States
Firstronic is an EMS (Electronics Manufacturing Services) serving Tier-1 customers primarily in the automotive, industry and healthcare sectors in North America. Firstronic was formed in 1980 and has two production sites in Michigan (US) and Mexico.

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Buyer(S) 2

Buyer

Bpifrance Investissement

Category Private Equity Firm
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 72 of 94
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2021) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Diot-Siaci

Paris, France

Diot-Siaci is a multi-specialist insurance consultancy and brokerage group in France and Europe, present in more than forty countries. in personal insurance as well as in property and liability insurance. Diot-Siaci has a stable and family shareholding which allows it to support its customers in their transformation by meeting their needs throughout the value chain in P&C, Transport, Professional Civil Liability, Social Protection and Consulting and International Mobility. Diot-Siaci is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 Grain de Sail

Morlaix, France

Grain de Sail operate the world’s first modern cargo sailboat shipping routes between Europe and the Americas. Grain de Sail import organic cocoa and green coffee by sail, from the Dominican Republic to Morlaix. The company also exports French organic wines to New York. Grain de Sail was founded in 2012 and is based in Morlaix, France.

Buy -
Buyer

LACROIX

Saint-Herblain, France
Category Company
Founded 1936
Sector Electrical Equipment
Employees3,939
Revenue 761M EUR (2023)
DESCRIPTION

LACROIX develops and produces electronic equipment for its automobile, home automation, aeronautics, industry, and healthcare customers through Lacroix Electronics. LACROIX was founded in 1936 and is based in Saint-Herblain, France.

DEAL STATS #
Overall 3 of 3
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-09 eSoftThings SAS

Cesson-Sévigné, France

eSoftThings specializes in designing products and platforms for Autonomous Vehicles and Smart Devices. eSoftThings has unique knowledge in designing edge-based Advanced Driver-Assistance Systems (ADAS) and cloud or edge-based turnkey Internet of Things (IoT) platforms. The company's solutions make use of the latest technologies in the field of artificial intelligence (AI), big data, and deep learning. As an example in the field of smart energy management, it uses AI for energy monitoring, customer coaching, predictive modeling of real and peak power consumption as well as identification, analysis, and classification of usage trends. eSoftThings was formed in 2014 and is based in Cesson-Sévigné, France.

Buy -
Mergr

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