M&A Deal Summary

Eaton Acquires Power Distribution

On February 3, 2020, Eaton acquired electrical equipment company Power Distribution from Dunes Point Capital

Acquisition Highlights
  • This is Eaton’s 23rd transaction in the Electrical Equipment sector.
  • This is Eaton’s 24th transaction in the United States.
  • This is Eaton’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2020-02-03
Target Power Distribution
Sector Electrical Equipment
Buyer(s) Eaton
Sellers(s) Dunes Point Capital
Deal Type Add-on Acquisition

Target

Power Distribution

Richmond, Virginia, United States
Power Distribution, Inc. is a designer and manufacturer of power distribution equipment for the North America data center market. Power Distribution produces power distribution units, static transfer switches, remote power panels, power conditioning units, medium and low voltage transformers and patented power monitors used mainly in data centre and alternative energy applications. Power Distribution was established in 1978 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Eaton

Dublin, Ireland

Category Company
Founded 1911
Sector Electrical Equipment
Employees92,000
Revenue 23.2B USD (2023)
DESCRIPTION
Eaton's operational headquarters in Beachwood, Ohio.
Eaton's operational headquarters in Beachwood, Ohio.

Eaton is a diversified power management company specializing in electrical, aerospace, hydraulic, and vehicle technologies. Eaton offers a broad portfolio of solutions designed to address the complex challenges of modern industries and infrastructure. Their products encompass a wide range, including electrical distribution and control equipment, energy management systems, aerospace components and systems, hydraulic systems and services, and automotive drivetrain and powertrain systems. Eaton's operational headquarters are in Beachwood, Ohio and its business headquarters is in Dublin, Ireland.


DEAL STATS #
Overall 51 of 59
Sector (Electrical Equipment) 23 of 26
Type (Add-on Acquisition) 34 of 38
State (Virginia) 2 of 2
Country (United States) 24 of 27
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Eaton - Hydraulics Business

Dublin, Ireland

Eaton's Hydraulics Business provides mobile and industrial hydraulics.

Sell $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 Tripp Lite

Chicago, Illinois, United States

Tripp Lite is a supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas. Tripp Lite was formed in 1922 and is headquartered in Chicago, Illinois.

Buy $1.7B

Seller(S) 1

SELLER

Dunes Point Capital


Category Family Office
Founded 2013
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Dunes Point Capital is a family office and private investment firm focused on control investments in the industrials sector. Dunes Point Capital was formed in 2013 and is based in Rye, New York.


DEAL STATS #
Overall 3 of 8
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Virginia) 1 of 1
Country (United States) 3 of 8
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 Vanguard Packaging

Kansas, Missouri, United States

Vanguard Packaging is a manufacturer of high-graphic corrugated displays, retail-ready packaging, industrial packaging products as well as related fulfillment and logistics services. Vanguard Packaging was founded in 1975 and is based in Kansas, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Best in Class Technology Services

Lenexa, Kansas, United States

Best in Class Technology Services is a provider of commercial HVAC aftermarket services including maintenance, repair, and project work. BCTS has 14 locations across seven states and employs over 500 people. Best in Class Technology Services is based in Lenexa, Kansas.

Buy -