M&A Deal Summary

Cedar Electronics Acquires Escort

On June 29, 2015, Cedar Electronics acquired electronics company Escort from Monomoy Capital Partners and Monroe Capital

Acquisition Highlights
  • This is Cedar Electronics’ 2nd transaction in the Electronics sector.
  • This is Cedar Electronics’ 2nd transaction in the United States.
  • This is Cedar Electronics’ 1st transaction in Ohio.

M&A Deal Summary
Date 2015-06-29
Target Escort
Sector Electronics
Buyer(s) Cedar Electronics
Sellers(s) Monomoy Capital Partners
Monroe Capital
Deal Type Merger

Target

Escort

West Chester, Ohio, United States
Escort is a premium line of automotive accessories and is the market leader in the design, manufacture and distribution of radar detectors and mobile data used for ticket protection.

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Buyer(S) 1

Buyer

Cedar Electronics

Rolling Meadows, Illinois, United States
Category Company
Founded 2015
Sector Electronics
DESCRIPTION

Cedar Electronics is a producer of branded consumer electronics for casual and professional drivers, boat owners and outdoor enthusiasts. The Company was formed in 2015 and is headquartered in Rolling Meadows, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Electronics) 2 of 2
Type (Merger) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-29 Cobra Electronics

Chicago, Illinois, United States

Cobra Electronics is a designer and marketer of mobile communications and navigation products in the United States, Canada, Europe and throughout the world.

Buy -

Seller(S) 2

SELLER

Monomoy Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monomoy Capital Partners is a private equity firm that invests in mid to large-sized companies valued up to $1 billion. Monomoy prefers cash flow positive companies with $20 to $100 million of EBITDA. Sectors of interest include automotive, industrial, distribution, consumer products, packaging, and transportation. Monomoy Capital Partners was formed in 2005 and is headquartered in New York City.

DEAL STATS #
Overall 12 of 20
Sector (Electronics) 2 of 2
Type (Merger) 2 of 2
State (Ohio) 3 of 3
Country (United States) 12 of 20
Year (2015) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-29 Cobra Electronics

Chicago, Illinois, United States

Cobra Electronics is a designer and marketer of mobile communications and navigation products in the United States, Canada, Europe and throughout the world.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Compass Automotive Group

Farmington Hills, Michigan, United States

Compass Automotive Group, LLC is a designer and manufacturer of aluminum chassis and suspension components for the North American automotive industry.

Sell -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 9 of 53
Sector (Electronics) 1 of 2
Type (Merger) 2 of 3
State (Ohio) 1 of 1
Country (United States) 9 of 53
Year (2015) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-21 Cyalume

West Springfield, Massachusetts, United States

Cyalume is a designer, developer, and producer of extremely reliable chemical and electronic lights for safety and security applications. Cyalume’s products provide sources of light in emergency situations and for general safety purposes. Cyalume was founded in 1997 and is based in West Springfield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-21 Laboratory Testing Services

Long Island City, New York, United States

Laboratory Testing Services specializes in pathology testing services throughout the United States, offering both the professional and technical components of laboratory testing to hospitals and referring private practice physicians, lab management and consulting services, and billing and collection services. Laboratory Testing Services is based in Long Island City, Newyork.

Buy -
Mergr

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