M&A Deal Summary

EIS Acquires Cobra Wire & Cable

On August 1, 2011, EIS acquired electrical equipment company Cobra Wire & Cable from Fulton Capital and Merit Capital Partners

Acquisition Highlights
  • This is EIS’s 1st transaction in the Electrical Equipment sector.
  • This is EIS’s 1st transaction in the United States.
  • This is EIS’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2011-08-01
Target Cobra Wire & Cable
Sector Electrical Equipment
Buyer(s) EIS
Sellers(s) Fulton Capital
Merit Capital Partners
Deal Type Add-on Acquisition

Target

Cobra Wire & Cable

Hatboro, Pennsylvania, United States
Cobra Wire & Cable, Inc. is a developer and seller of proprietary wire and cable products that are utilized by customers in a variety of industries. The Company’s products serve niche applications where performance under severe operating conditions is critical to maintaining optimal performance and flexibility.

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Buyer(S) 1

Buyer

EIS

Atlanta, Georgia, United States

Category Company
Founded 1946
Sector Distribution
DESCRIPTION
EIS' headquarters in Atlanta, Georgia.
EIS' headquarters in Atlanta, Georgia.

EIS is a distributor, fabricator, and converter of electrical process materials, wire, cable, and assemblies serving end-user segments in electrical power and related markets. EIS was founded in 1946 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 10
Sector: Electrical Equipment M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 10
State: Pennsylvania M&A 1 of 2
Country: United States M&A 1 of 10
Year: 2011 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-27 Light Fabrications

Rochester, New York, United States

Light Fabrications is a converter/fabricator and distributor of custom adhesive components.

Buy -

Seller(S) 2

SELLER

Fulton Capital

Northbrook, Illinois, United States

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Fulton Capital is a private equity firm small to mid-sized companies with revenues between $10 and $100 million. Prospective companies are profitable with a minimum EBITDA of $2 million and up to $10 million. Fulton looks for control investment situations and prefers opportunities located in the US. Sectors of interest include niche manufacturing, logistics, distribution, and service. Fulton Capital is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 5
Sector: Electrical Equipment M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 4
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-01 NEPW Logistics

Portland, Maine, United States

NEPW Logistics provides transportation, warehousing, inventory management, and other value-added services primarily for customers in the pulp and paper industry in New England. NEPW Logistics is based in Portland, Maine.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-17 E-conolight

Racine, Wisconsin, United States

E-conolight, LLC is a distributor of lighting fixtures and accessories for use primarily in commercial and industrial settings. E-conolight's products include floodlights, linear fluorescent lights, high and low bay lights, exit signs, emergency lights, and other lighting products. E-conolight sells its products through direct-marketing catalogs and its website.

Sell -
SELLER

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $20 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit Capital Partners was formed in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 20 of 56
Sector: Electrical Equipment M&A 1 of 4
Type: Add-on Acquisition M&A Deals 8 of 31
State: Pennsylvania M&A 3 of 3
Country: United States M&A 20 of 55
Year: 2011 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Manistique Papers

Manistique, Michigan, United States

Manistique Papers, Inc. is a producer of uncoated groundwood specialty papers and newsprint made from 100% recycled fiber. MPI operates a single paper machine that has over 130,000 tons of annual capacity. MPI’s products mainly serve the commercial printing industry, with niche positions in foodservice and office products. The largest end use of the Company’s paper for free-standing inserts, which are typically distributed along with newspapers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-17 E-conolight

Racine, Wisconsin, United States

E-conolight, LLC is a distributor of lighting fixtures and accessories for use primarily in commercial and industrial settings. E-conolight's products include floodlights, linear fluorescent lights, high and low bay lights, exit signs, emergency lights, and other lighting products. E-conolight sells its products through direct-marketing catalogs and its website.

Sell -