M&A Deal Summary

CPS Products Acquires AAB Smart Tools

On November 28, 2016, CPS Products acquired technology hardware company AAB Smart Tools

Acquisition Highlights
  • This is CPS Products’ 1st transaction in the Technology Hardware sector.
  • This is CPS Products’ 1st transaction in the United States.
  • This is CPS Products’ 1st transaction in Florida.

M&A Deal Summary
Date 2016-11-28
Target AAB Smart Tools
Sector Technology Hardware
Buyer(s) CPS Products
Deal Type Add-on Acquisition

Target

AAB Smart Tools

Orlando, Florida, United States
AAB Smart Tools LLC is a developer of smart device-connected tools serving the HVAC technician. AAB's current product line includes a dual-port static pressure meter, airflow and environmental meters, temperature and humidity measurement and data loggers, and a variety of useful accessories.

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Buyer(S) 1

Buyer

CPS Products

Miramar, Florida, United States
Category Company
Founded 1989
Sector Manufacturing
DESCRIPTION

CPS Products manufactures tools, equipment, and instruments used by professional technicians who service commercial HVAC and automotive air conditioning systems. CPS Products was founded in 1989 and is based in Miramar, Florida.

DEAL STATS #
Overall 2 of 3
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-12 UView Ultraviolet Systems

Cooksville, Ontario, Canada

UView has set the standard by offering research, design, manufacturing, calibration, Recognized as the leader in automotive leak detection systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 STAR EnviroTech

Huntington Beach, California, United States

STAR EnviroTech, Inc. is a manufacturer of diagnostic smoke machines used by automotive service technicians to identify a wide range of automotive system leaks.

Buy -
Mergr

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