Add-on Acquisition • Distribution

Champion ONE Acquires Approved Networks

On June 17, 2020, Champion ONE acquired distribution company Approved Networks

Acquisition Context
  • This is Champion ONE’s 1st transaction in the Distribution sector.
  • This is Champion ONE’s 1st transaction in the United States.
  • This is Champion ONE’s 1st transaction in California.

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M&A Deal Summary

Date June 17, 2020
Target Approved Networks
Sector Distribution
Buyer(s) Champion ONE
Deal Type Add-on Acquisition
Advisor(s) D.A. Davidson (Financial)

Target Company

Approved Networks

Orange County, California, United States
Approved Networks is a distributor of high-quality OEM alternative optics. Approved Networks was founded in 2010 and is based in Orange County, California with an additional office in Leesburg, Virginia.
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Buyer Overview 1

Buyer

Champion ONE

Cleveland, Ohio, United States

Category Company
Founded 1992
Sector Distribution
DESCRIPTION

Champion ONE is a distributor of optical components, primarily transceivers, which are sold into fiber optic communication networks. Champion ONE combines expertise in optical network design with a comprehensive product offering of optical transceivers at competitive prices. Champion ONE was founded in 1992 and is based in Cleveland, Ohio.


Deal Context for Buyer #
Overall 1 of 1
Sector: Distribution 1 of 1
Type: Add-on Acquisition 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1