M&A Deal Summary |
|
|---|---|
| Date | 2024-02-01 |
| Target | Engendren |
| Sector | Electrical Equipment |
| Buyer(s) | Cummins |
| Sellers(s) | Merit Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Lincoln International (Financial) |
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Cummins designs, manufactures, distributes and services engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins was founded in 1919 and is based in Columbus, Indiana.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 11 |
| Sector: Electrical Equipment M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 5 of 6 |
| State: Wisconsin M&A | 1 of 1 |
| Country: United States M&A | 7 of 7 |
| Year: 2024 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-22 |
Meritor
Troy, Michigan, United States Meritor is a global supplier of a broad range of integrated systems, modules, and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation, and industrial sectors. Meritor was formed in 1909 and is based in Troy, Michigan. |
Buy | $3.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-02-11 |
First Mode
London, United Kingdom First Mode is a provider of retrofit hybrid solutions for mining and rail operations. First Mode was formed in 2018 and is headquartered in London, England. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 2.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $20 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit Capital Partners was formed in 1993 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 55 of 56 |
| Sector: Electrical Equipment M&A | 4 of 4 |
| Type: Add-on Acquisition M&A Deals | 30 of 31 |
| State: Wisconsin M&A | 7 of 7 |
| Country: United States M&A | 54 of 55 |
| Year: 2024 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-18 |
American Producers Supply
Marietta, Ohio, United States American Producers Supply distributes a diverse range of industrial and construction related products including tools, material handling equipment, safety equipment, abrasives, and fasteners. The Company sells its products to a variety of customers including OEMs, contractors, industrial service providers, and equipment rental companies. American Producers Supply was founded in 1898 and is based in Marietta, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-23 |
Circuit Check
Maple Grove, Minnesota, United States Circuit Check is a provider of electronic test equipment and services to OEMs and contract manufacturers in the technology, medical and industrial and markets. Circuit Check was founded in 1979 and is based in Maple Grove, Minnesota. |
Buy | - |
