M&A Deal Summary

DZS Acquires Premisys Communications

On October 22, 1999, DZS acquired technology hardware company Premisys Communications from MPE Partners for 248M USD

Acquisition Highlights
  • This is DZS’s 1st transaction in the Technology Hardware sector.
  • This is DZS’s largest (disclosed) transaction.
  • This is DZS’s 1st transaction in the United States.
  • This is DZS’s 1st transaction in California.

M&A Deal Summary
Date 1999-10-22
Target Premisys Communications
Sector Technology Hardware
Buyer(s) DZS
Sellers(s) MPE Partners
Deal Type Add-on Acquisition
Deal Value 248M USD

Target

Premisys Communications

Fremont, California, United States
Premisys Communications, Inc. pioneered development of integrated access solutions for telecommunications service providers.

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Buyer(S) 1

Buyer

DZS

Plano, Texas, United States
Category Company
Founded 1996
Sector Technology Hardware
Employees765
Revenue 376M USD (2022)
DESCRIPTION

DZS designs and manufactures network equipment for telephone companies and cable operators worldwide to deliver a rich array of voice, data, video, and entertainment services. DZS was incorporated in 1996 and is based in Plano, Texas.

DEAL STATS #
Overall 1 of 7
Sector (Technology Hardware) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (California) 1 of 2
Country (United States) 1 of 5
Year (1999) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-22 Sorrento Networks International

Pleasanton, Colorado, United States

Sorrento Networks International, Inc. is a provider of metro optical access solutions, offering an edge-to-regional CWDM, DWDM, and ROADM product portfolio to carriers and enterprises. Sorrento's products are used, individually or as part of an integrated solution, in communications network infrastructures operated by telecommunications service providers, cable operators, governments, and enterprises around the globe. Sorrento Networks International was founded in 1993 and is based in Pleasanton, Colorado.

Buy $61M

Seller(S) 1

SELLER

MPE Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 3.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MPE Partners is a Midwest based investment firm principally focused private equity investments throughout North America. MPE has a preference for buyouts and recapitalizations of lower middle-market, family and entrepreneur owned businesses. The Firm looks for stand-alone companies operating in the 'high-value' manufacturing or business services sectors. MPE seeks businesses with at least $5 million of EBITDA and valued up to $250 million. MPE Partners is headquartered in Cleveland, Ohio.

DEAL STATS #
Overall 11 of 58
Sector (Technology Hardware) 4 of 5
Type (Add-on Acquisition) 7 of 27
State (California) 6 of 23
Country (United States) 10 of 56
Year (1999) 3 of 4
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-18 NeuroControl

Valley View, Ohio, United States

NeuroControl Corp. is a marketer of medical implants designed to restore function to persons with paralysis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-23 Westwave Communications

Santa Rosa, California, United States

Westwave Communications developed the world's first standards-based access softswitch that provides call control and signaling functionality used to converge voice and data services while leveraging existing infrastructure.

Buy -
Mergr

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