M&A Deal Summary

Diploma Acquires TIE

On March 17, 2023, Diploma acquired machinery company TIE from Summit Park

Acquisition Highlights
  • This is Diploma’s 2nd transaction in the Machinery sector.
  • This is Diploma’s 5th transaction in the United States.
  • This is Diploma’s 1st transaction in Michigan.

M&A Deal Summary
Date 2023-03-17
Target TIE
Sector Machinery
Buyer(s) Diploma
Sellers(s) Summit Park
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)
McGuireWoods (Legal)

Target

TIE

Clinton Township, Michigan, United States
TIE is specialized in the repair, refurbishment, and replacement of industrial electronic parts. TIE was founded in 1992 and is based in Clinton Township, Michigan.

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Buyer(S) 1

Buyer

Diploma

London, United Kingdom
Category Company
Founded 1931
Sector Distribution
Employees3,500
Revenue 1.2B GBP (2023)
DESCRIPTION

Diploma is a distributor and supplier of specialized technical products and services. Diploma was founded in 1931 and is headquartered in London, the United Kingdom.

DEAL STATS #
Overall 15 of 15
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 15 of 15
State (Michigan) 1 of 1
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Windy City Wire Cable & Technology Products

Bolingbrook, Illinois, United States

Windy City Wire Cable & Technology Products LLC is a distributor of high-end, low-voltage wire, cable, and related low-voltage devices (cameras, DVRs, relays, etc.) serving the security, access control, CCTV, fire alarm, and home automation markets. The wire and cable are sold under the SmartWire brand name. Windy City Wire was formed in 1994 and is based in Bolingbrook, Illinois.

Buy £357M

Seller(S) 1

SELLER

Summit Park

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 245M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 10 of 12
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Michigan) 1 of 1
Country (United States) 10 of 12
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 United Structural Systems

Huntsville, Alabama, United States

United Structural Systems is a provider of foundation repair, crawlspace repair, and basement waterproofing services. United Structural Systems was founded in 1994 and is based in Huntsville, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-05 Parkline

Eleanor, West Virginia, United States

Parkline. is a manufacturer of highly engineered, site-erected and modular metal buildings utilized for a variety of applications in the electrical utility, oil and gas transmission and distribution, wind energy, self-storage, wastewater treatment, and telecommunications industries. Parkline was founded in 1973 and is based in Eleanor, West Virginia.

Sell -
Mergr

Product

Company

Legal