M&A Deal Summary

Crestview Partners Acquires Elo Touch

On October 17, 2018, private equity firm Crestview Partners acquired technology hardware company Elo Touch from The Gores Group

Acquisition Highlights
  • This is Crestview Partners’ 1st transaction in the Technology Hardware sector.
  • This is Crestview Partners’ 31st transaction in the United States.
  • This is Crestview Partners’ 3rd transaction in California.

M&A Deal Summary
Date 2018-10-17
Target Elo Touch
Sector Technology Hardware
Buyer(s) Crestview Partners
Sellers(s) The Gores Group
Deal Type Secondary Buyout
Advisor(s) Moelis & Co. (Financial)

Target

Elo Touch

Milpitas, California, United States
Elo Touch is a global provider and manufacturer of high-quality and commercially durable touch screen systems and components for enterprise customers. Elo Touch was founded in 1971 and is based in Milpitas, California.

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Buyer(S) 1

Buyer

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 39 of 55
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 10 of 13
State (California) 3 of 8
Country (United States) 31 of 44
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Protect My Car

St. Petersburg, Florida, United States

Protect My Car is a vertically integrated seller and administrator of vehicle service contracts and maintenance products that protect used vehicle owners against unexpected costs of servicing repairs and replacement. Protect My Car was founded in 2005 and is based in St. Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 JR Automation Technologies

Holland, Michigan, United States

JR Automation Technologies LLC is a provider of intelligent automated manufacturing and technology solutions that solve customers' key operational and productivity challenges. JR Automation serves customers across the globe in a variety of industries, including automotive, life sciences, aerospace, and more. JR Automation employs over 2,000 people at 23 manufacturing facilities in North America, Europe, and Asia. Through thoughtful and dynamic collaboration, JR Automation creates innovative solutions for companies across the globe; helping them think, solve, and create.

Sell $1.4B

Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.

DEAL STATS #
Overall 58 of 66
Sector (Technology Hardware) 4 of 4
Type (Secondary Buyout) 10 of 15
State (California) 5 of 5
Country (United States) 45 of 52
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Astadia

Jacksonville, Florida, United States

Astadia is a technology consulting firm with a focus on mainframe migrations that has benefited hundreds of clients, converted millions of lines of COBOL, and helped maximize the impact and minimize the risks of today’s blended enterprise and cloud IT ecosystem. Astadia was founded in 1996 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-12 Data Blue

Atlanta, Georgia, United States

Data Blue LLC delivers customized storage, backup and server virtualization and consolidated solutions to enterprise customers in North America. Data Blue was formed to redefine the Value Added Reseller space, offering both the customer and manufacturer something that’s a step above what is currently available in the marketplace. Data Blue delivers customized storage, backup and server virtualization and consolidation solutions to the Enterprise, with specific emphasis on Fortune 1000 companies. By utilizing our vast cross-platform integration expertise and unparalleled product knowledge, we deliver solutions that are perfectly tailored to meet the unique needs of your environment.

Sell -
Mergr

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