M&A Deal Summary

EIS Acquires Connect-Air International

On April 1, 2015, EIS acquired distribution company Connect-Air International from HighPoint Capital Management and Wincove Private Holdings

Acquisition Highlights
  • This is EIS’s 3rd transaction in the Distribution sector.
  • This is EIS’s 5th transaction in the United States.
  • This is EIS’s 1st transaction in Washington.

M&A Deal Summary
Date 2015-04-01
Target Connect-Air International
Sector Distribution
Buyer(s) EIS
Sellers(s) HighPoint Capital Management
Wincove Private Holdings
Deal Type Add-on Acquisition

Target

Connect-Air International

Auburn, Washington, United States
Connect-Air International, Inc. is a distributor of specialty low-voltage wire and cable products in the United States. Connect-Air International also designs and distributes cable assemblies, primary focus is on control and signal wires and related devices that are used in HVAC, security and fire alarm systems (both retrofits and new systems).

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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. It provides more than 100,000 products from 38 branches and four fabrication facilities to more than 20,000 customers across North America. EIS was founded in 1946 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 5 of 9
Sector (Distribution) 3 of 4
Type (Add-on Acquisition) 5 of 9
State (Washington) 1 of 1
Country (United States) 5 of 9
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 Electro Wire

Schaumburg, Illinois, United States

Electro Wire, Inc. is a distributor and contract manufacturer of specialty wire and cable products with four locations in the United States and primarily serving the telecom and transit markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Communications Products and Services

Englewood, Colorado, United States

Communications Products and Services, Inc. is a distributor and materials management company that serves the outside plant construction materials needs of broadband communications companies. The Company provides conduits and fittings, vaults and enclosures, wire and fiber optic components and cables, and tools and accessories. Communications Products and Services was founded in 1991 and is based in Englewood, Colorado.

Buy -

Seller(S) 2

SELLER

HighPoint Capital Management

Boston, Massachusetts, United States
Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

HighPoint Capital LLC is a specialty finance company that provides capital for internal growth needs, refinancings, strategic acquisitions, management buyouts and dividend recapitalizations. HighPoint provides cash flow and asset based senior and subordinated term loans ranging between $2 and $10 million for lower middle market companies. The firm focuses on companies with $10 to $100 million of revenue and EBITDA of $2 to $10 million. HighPoint Capital was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 11 of 13
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 5 of 7
State (Washington) 1 of 1
Country (United States) 11 of 13
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-25 Belt Power

Marietta, Georgia, United States

Belt Power is a distributor and fabricator of conveyor belts, belting accessories, conveyer components as well as a full line of rubber, hose and gasket products. The company's primary customers are in the food processing markets. Belt Power was founded in 1989 and is based in Marietta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Precision Manufacturing Group

Cedar Grove, New Jersey, United States

Precision Manufacturing Group LLC is a designer and manufacturer of precision electrodeposited nickel bellows, bellows assemblies, flexible shaft couplings, electrical contacts, and lightweight structural electroforms.

Sell -
SELLER

Wincove Private Holdings

New York, New York, United States

Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Wincove Private Holdings is an independent private equity firm that invests in smaller, profitable companies in partnership with management. Wincove looks to support family and/or seller succession transactions, recapitalizations, management buyouts, consolidations, and corporate divestitures. Wincove is a generalist firm, and will consider opportunities in a variety of industries. The Firm targets companies located in the US and Canada. Prospective companies typically have less then $50 million in revenue. Wincove Private Holdings was formed in 2008 and is based in New York City.

DEAL STATS #
Overall 3 of 10
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Washington) 1 of 1
Country (United States) 3 of 10
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-14 HHAeXchange

New York, New York, United States

HHAeXchange is a homecare management software solution for the Medicaid LTSS population. The company acts as a single source of truth in connecting payers, providers, and patients through an intuitive web-based platform, enabling unparalleled communication, transparency, and visibility. HHAeXchange was formed in 2008 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 PSI Molded Plastics

Wolfeboro, New Hampshire, United States

PSI Molded Plastics is a manufacturer of medium to large, customized and highly aesthetic plastic injection molded products utilizing structural foam, gas assist, and straight injection processes. PSI Molded Plastics is based in Wolfeboro, New Hamphire.

Sell -
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