Add-on Acquisition • Electrical Equipment

discoverIE Group Acquires Shape

On January 26, 2024, discoverIE Group acquired electrical equipment company Shape from Gen Cap America and Advantage Capital Partners

Acquisition Context
  • This is discoverIE Group’s 9th transaction in the Electrical Equipment sector.
  • This is discoverIE Group’s 2nd transaction in the United States.
  • This is discoverIE Group’s 1st transaction in Illinois.

Explore All 1521 Add-on Acquisition Electrical Equipment Deals - Search the Database Free


M&A Deal Summary

Date January 26, 2024
Target Shape
Sector Electrical Equipment
Buyer(s) discoverIE Group
Sellers(s) Gen Cap America
Advantage Capital Partners
Deal Type Add-on Acquisition

Target Company

Shape

Addison, Illinois, United States
Shape is a designer and manufacturer of custom magnetic products. Shape specializes in the production of large transformers with rated wattage above 250 watts, which are used in airport lighting, airport security systems, ultraviolet curing, water sanitation, telecom equipment and other niche applications. Shape was founded in 1966 and is based in Addison, Illinois.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

discoverIE Group

Guildford, United Kingdom

Category Company
Founded 1986
Sector Electronics
Employees4,497
Revenue 423M GBP (2024)
DESCRIPTION

discoverIE Group is an electronics, designing, manufacturing, and distributing electronic, photonic, and medical products for the industrial and healthcare sectors. discoverIE Group was founded in 1986 and is based in Guildford, England.


Deal Context for Buyer #
Overall 21 of 21
Sector: Electrical Equipment 9 of 9
Type: Add-on Acquisition 20 of 20
State: Illinois 1 of 1
Country: United States 2 of 2
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Antenova

Herts, United Kingdom

Antenova is the provider of antennas and radio antenna modules for wireless M2M and consumer electronic devices, wireless connectivity requirements, including GSM and CDMA, 3G, 4G, LTE, GPS, Wi-Fi, Bluetooth, WiMAX, WiBro, ZigBee and FM. Antenova was founded in 1999 and is based in Herts, United Kingdom.

Buy -

Seller Profiles 2

SELLER

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $10 to $200 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.


Deal Context for Seller #
Overall 27 of 30
Sector: Electrical Equipment 2 of 2
Type: Add-on Acquisition 14 of 15
State: Illinois 1 of 1
Country: United States 27 of 30
Year: 2024 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 Day Motor Sports

Tyler, Texas, United States

Day Motor Sports is a catalog distributor of auto parts and accessories for the circle track racing industry. Day offers more than 11,200 SKUs from more than 90 vendors and manufacturers providing customers with a complete line of circle track parts. Day Motor Sports was founded in 1971 and is based in Tyler, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 United Grocery Outlet

Athens, Tennessee, United States

United Grocery Outlet operates 37 retail locations across Tennessee, North Carolina, Georgia, Kentucky, and Alabama. It specializes in liquidating closeouts, factory seconds, irregulars, and overstocked products. United Grocery Outlet was founded in 1974 and is based in Athens, Tennessee.

Sell -
SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


Deal Context for Seller #
Overall 103 of 115
Sector: Electrical Equipment 3 of 3
Type: Add-on Acquisition 59 of 68
State: Illinois 6 of 6
Country: United States 103 of 115
Year: 2024 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 Esperance Pharmaceuticals

Baton Rouge, Louisiana, United States

Esperance Pharmaceuticals is a pre-clinical stage company developing lytic peptides conjugated to both antibody drug conjugates (ADCs) and Chimeric antigen receptor (CAR) T-cell therapy to make them more effective. Esperance Pharmaceuticals was founded in 2005 and is based in Baton Rouge, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Malone’s CNC Machining

Grove, Oklahoma, United States

Malone’s CNC Machining manufactures aircraft parts and assemblies, shipping the highest volume of government contracts in the state of Oklahoma. Malone’s CNC Machining was formed in 1982 and is based in Grove, Oklahoma.

Buy -