M&A Deal Summary |
|
|---|---|
| Date | 2006-08-15 |
| Target | Cannon Technologies |
| Sector | Test/Measurement Equipment |
| Buyer(s) | Cooper Industries |
| Sellers(s) |
GFI Energy Ventures
Oaktree Capital Management |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1833 |
| Sector | Electrical Equipment |
| Employees | 26,000 |
| Revenue | 5.4B USD (2011) |
Cooper is a diversified global manufacturer of electrical components and tools. Cooper has seven operating divisions with leading positions and world-class products and brands including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is positioned for several long term growth trends including the global infrastructure build out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 8 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 3 of 7 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 3 of 6 |
| Year (2006) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-02-28 |
Cooper Wheelock
Long Branch, New Jersey, United States Cooper Wheelock, Inc. is a designer and manufacturer of fire safety and emergency incident communications systems and devices. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-04 |
WPI Interconnect Products
Salem, New Jersey, United States WPI Interconnect Products, Inc. is a manufacturer of custom connectors and cable assemblies. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 1.8B USD |
| Size | Large |
| Type | Sector Focused |
GFI Energy Ventures is a specialist private investment firm focused on businesses surrounding the energy industry. GFI generally looks to acquire a controlling or significant interest in private companies or business units of public companies. Energy sub-sectors of interest include power quality/power conversion; energy measurement and control; transmission and distribution optimization; and information systems/transaction support. GFI seeks opportunities with at least $50 million in revenue and valued up to $500 million. The Firm will not invest in start-ups, turnarounds, unproven technology, or investments requiring less than $30 million of equity capital. GFI Energy Ventures was formed in 1995 and is based in Los Angeles, California. GFI Energy Ventures was acquired by Oaktree Capital Management in 2009.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 30 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 8 of 18 |
| State (Minnesota) | 1 of 2 |
| Country (United States) | 9 of 28 |
| Year (2006) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-12 |
Trans-Elect Development
Reston, Vermont, United States Trans-Elect Development Co. LLC is an independent transmission company, focused on the acquisition and operation of transmission systems, the development and construction of new transmission lines, and the upgrade of existing transmission systems. |
Sell | $866M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-18 |
Longhorn Pipeline Holdings
Houston, Texas, United States Longhorn Pipeline Holdings LLC is an owns a 764-mile pipeline designed to transport refined petroleum products from the U.S. Gulf Coast refineries to terminals in Odessa and El Paso, Texas. |
Sell | - |
Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 77 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 9 of 31 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 13 of 53 |
| Year (2006) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-21 |
TruckPro
Cordova, Tennessee, United States TruckPro is an independent distributor of heavy-duty aftermarket truck parts and accessories in the U.S. TruckPro distributes a full range of products that cover maintenance and repair events for substantially all major OEMs of heavy-duty vehicles. TruckPro sells its products to over 35,000 customers in numerous end markets, including small, regional and national trucking companies; private fleets; waste services companies; construction companies; municipalities and independent repair shops. TruckPro, Inc. was founded in 1958 and is based in Memphis, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-18 |
Longhorn Pipeline Holdings
Houston, Texas, United States Longhorn Pipeline Holdings LLC is an owns a 764-mile pipeline designed to transport refined petroleum products from the U.S. Gulf Coast refineries to terminals in Odessa and El Paso, Texas. |
Sell | - |
