M&A Deal Summary

Cadrex Manufacturing Solutions Acquires Elite

On June 1, 2022, Cadrex Manufacturing Solutions acquired manufacturer Elite

Acquisition Highlights
  • This is Cadrex Manufacturing Solutions’ 5th transaction in the Manufacturing sector.
  • This is Cadrex Manufacturing Solutions’ 5th transaction in the United States.
  • This is Cadrex Manufacturing Solutions’ 1st transaction in Illinois.

M&A Deal Summary

Date 2022-06-01
Target Elite
Sector Manufacturing
Buyer(s) Cadrex Manufacturing Solutions
Deal Type Add-on Acquisition
Advisor(s) InterOcean Advisors (Financial)

Target

Elite

Bloomingdale, Illinois, United States
Elite is a supplier of innovative precision sheet metal components and assemblies that specializes in manufacturing cabinets, consoles, and electro-mechanical assemblies for the electronic gaming industry. The Company also provides components and final or near-final enclosures for a variety of other end markets, including medical, telecommunications, food service, and industrial equipment. Elite was formed in 1991 and is based in Bloomingdale, Illinois.

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Buyer(S) 1

Buyer

Cadrex Manufacturing Solutions

Romeoville, Illinois, United States

Category Company
Founded 1976
Sector Manufacturing
DESCRIPTION

Cadrex Manufacturing Solutions is a provider of complex production parts, weldments, assemblies, and proprietary products for a variety of end markets, including information & communication and technology, aerospace & defense, warehouse automation, robotics, medical, electronic gaming, food, and industrials. With locations in 11 states and Mexico, Cadrex offers in-house manufacturing capabilities, including laser cutting, sheet metal fabrication, injection molding, electromechanical assembly, CNC punching, CNC machining, robotic welding, stamping, fastener insertion, and tool and die manufacturing, to effectively serve customers with manufacturing capabilities from low- through high-volume production. Cadrex Manufacturing Solutions was formed in 1976 and is based in Romeoville, Illinois.


DEAL STATS #
Overall 5 of 9
Sector: Manufacturing M&A 5 of 8
Type: Add-on Acquisition M&A Deals 5 of 9
State: Illinois M&A 1 of 1
Country: United States M&A 5 of 9
Year: 2022 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 DFF

Agawam, Massachusetts, United States

DFF is a precision manufacturer that offers comprehensive manufacturing services, including automated CNC milling and turning, electromechanical assembly, design and engineering, prototyping, and quality assurance for warehouse robotics, medical, semiconductor, aerospace & defense, and industrial end markets. DFF was founded in 1969 and is based in Agawam, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Tenere

Dresser, Wisconsin, United States

Tenere is a designer and builds hard tool-manufactured products. It offers design and engineering, sheet metal fabrication and stamping, plastic injection molding, custom precision machining, and logistical solutions and services. Tenere was founded in 1966 and is based in Dresser, Wisconsin.

Buy -