M&A Deal Summary

Cypress Industries Acquires Concurrent Manufacturing Solutions

On December 11, 2017, Cypress Industries acquired electronics company Concurrent Manufacturing Solutions from Balmoral Funds

Acquisition Highlights
  • This is Cypress Industries’ 1st transaction in the Electronics sector.
  • This is Cypress Industries’ 1st transaction in the United States.
  • This is Cypress Industries’ 1st transaction in Florida.

M&A Deal Summary

Date 2017-12-11
Target Concurrent Manufacturing Solutions
Sector Electronics
Buyer(s) Cypress Industries
Sellers(s) Balmoral Funds
Deal Type Add-on Acquisition

Target

Concurrent Manufacturing Solutions

Hialeah, Florida, United States
Concurrent Manufacturing Solutions is a vertically integrated contract electronic manufacturer, providing a range of manufacturing and assembly services. Concurrent operates facilities in the U.S. and Mexico and serves a diverse range of customers within the telecommunications, industrial, energy, defense and aerospace markets. Concurrent Manufacturing Solutions is based in Hialeah, Florida.

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Buyer(S) 1

Buyer

Cypress Industries

Dallas, Texas, United States

Category Company
Founded 2001
Sector Electronics
DESCRIPTION

Cypress Industries is a global vertically-integrated contract manufacturer and include printed circuit board assemblies, sheet metal, electromechanical assemblies, custom cable assemblies, wire harnesses, machining, and plastic injection molding. Cypress Industries was founded in 2001 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Electronics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Balmoral Funds

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balmoral Funds is a private equity firm which targets recapitalizations, special situations, and acquisitions of small and middle-market companies. Typical investment candidates are located in the US or Canada, undergoing operational challenges with up to $400 million of revenue. Sectors of interest include manufacturing, business services, consumer products, retail, and value-added distribution. The Firm's target investment size is $5 to $40 million. Balmoral Funds was established in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 4 of 9
Sector: Electronics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 5
State: Florida M&A 3 of 3
Country: United States M&A 4 of 9
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-03 Mooyah Burgers Fries & Shakes

Plano, Texas, United States

Mooyah Burgers, Fries & Shakes is a fast-casual, "better burger" concept offering mouthwatering, made-to-order burgers, French fries hand cut from Idaho potatoes, and real ice cream shakes. Mooyah serves fresh, lean Certified Angus Beef, all natural Jennie-O turkey burgers, black bean veggie burgers, buns baked in-house daily, real cheeses and toppings made from garden-fresh veggies. Mooyah Burgers, Fries & Shakes was founded in 2007 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Bennington Marine

Elkhart, Indiana, United States

Bennington Marine is a manufacturer of pontoon boats. Bennington Marine is based in Elkhart, Indiana.

Sell -