M&A Deal Summary

Dewey Electronics Acquires INI Power

On October 9, 2020, Dewey Electronics acquired technology hardware company INI Power from Corbel Capital Partners

Acquisition Highlights
  • This is Dewey Electronics’ 1st transaction in the Technology Hardware sector.
  • This is Dewey Electronics’ 1st transaction in the United States.
  • This is Dewey Electronics’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-10-09
Target INI Power
Sector Technology Hardware
Buyer(s) Dewey Electronics
Sellers(s) Corbel Capital Partners
Deal Type Add-on Acquisition

Target

INI Power

Morrisville, North Carolina, United States
INI Power provides lightweight and efficient power generation and battery recharge capabilities to dismounted soldiers in forward and austere locations. INI Power was formed in 2002 and is based in Morrisville, North Carolina.

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Buyer(S) 1

Buyer

Dewey Electronics

Oakland, New Jersey, United States
Category Company
Founded 1955
Sector Business Services
DESCRIPTION

Dewey Electronics helps the U.S. government with innovative power solutions for some of the toughest applications and environments. The company's mission has always been to solve complicated power problems so customers can operate more efficiently and safely. This is most often on the battlefield or other military theater when users need a highly reliable power source with excellent system availability. That reliability is backed by expertise in engineering, system design, and full power integration, providing customers with the exact solutions they need for power generation, power distribution, and energy management. Dewey Electronics was formed in 1955 and is based in Oakland, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Corbel Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2013
PE ASSETS 230M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Corbel Capital Partners is a private investment firm focused on making minority investments in lower middle-market companies. Corbel will consider a variety of investment situations, including capital to support acquisitions, recapitalizations, growth, and buyouts of minority shareholders. The Firm looks to invest $10 to $35 million per transaction in profitable companies with $2 to $20 million of EBITDA. Sectors of interest include software & technology, specialty manufacturing, business services, healthcare, industrials, media & advertising, consumer & retail, and aerospace & defense. Corbel Capital Partners was formed in 2013 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 6 of 6
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (North Carolina) 1 of 1
Country (United States) 6 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 Jariet Technologies

Redondo Beach, California, United States

Jariet Technologies is a fabless semiconductor company focused on digital microwave integrated circuits and modules, microwave and millimeter-wave transceivers, and high-speed data converters, for next-generation wireless infrastructure and aerospace and defense applications. Jariet Technologies is based in Redondo Beach, California.

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