M&A Deal Summary

Eaton Acquires Wright Line Holding

On August 4, 2010, Eaton acquired manufacturer Wright Line Holding from Oaktree Capital Management

Acquisition Highlights
  • This is Eaton’s 3rd transaction in the Manufacturing sector.
  • This is Eaton’s 19th transaction in the United States.
  • This is Eaton’s 5th transaction in Ohio.

M&A Deal Summary

Date 2010-08-04
Target Wright Line Holding
Sector Manufacturing
Buyer(s) Eaton
Sellers(s) Oaktree Capital Management
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target

Wright Line Holding

Cleveland, Ohio, United States
Wright Line Holding, Inc. is a designer, manufacturer and marketer of technical office furniture and enclosure solutions for the office and data‐center markets.

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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 34 of 59
Sector (Manufacturing) 3 of 6
Type (Add-on Acquisition) 20 of 38
State (Ohio) 5 of 6
Country (United States) 19 of 27
Year (2010) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-15 EMC Engineers

Denver, Colorado, United States

EMC Engineers, Inc. is an energy engineering and energy services company that delivers energy efficiency solutions for a wide range of governmental, educational, commercial and industrial facilities. EMC is a provider in retrofitting and modernizing mechanical, electrical, and control systems, as well as energy modeling and analysis, facility commissioning, and energy savings performance contracting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-04 CopperLogic

Houston, Texas, United States

CopperLogic, Inc., a manufacturer of electrical and electromechanical systems. CopperLogic has facilities in the U.S. and Canada, with headquarters in Houston, Texas and Mississauga, Ontario.

Buy -

Seller(S) 1

DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 28 of 77
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 17 of 31
State (Ohio) 1 of 3
Country (United States) 24 of 53
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-27 AdvancePierre Foods

Cincinnati, Ohio, United States

AdvancePierre Foods, Inc. is a manufacturer and marketer of value-added proteins and sandwich products to a wide variety of distribution outlets including food service, retail and convenience store providers. AdvancePierre Foods was founded in 1946 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-20 Energy Solutions International

Houston, Texas, United States

Energy Solutions International, Inc. is a provider of pipeline management software services.

Buy -