M&A Deal Summary

Electrochem Acquires Micro Power Electronics

On December 15, 2011, Electrochem acquired electrical equipment company Micro Power Electronics from Weston Presidio and Ridge Capital Partners

Acquisition Highlights
  • This is Electrochem’s 2nd transaction in the Electrical Equipment sector.
  • This is Electrochem’s 2nd transaction in the United States.
  • This is Electrochem’s 1st transaction in Oregon.

M&A Deal Summary
Date 2011-12-15
Target Micro Power Electronics
Sector Electrical Equipment
Buyer(s) Electrochem
Sellers(s) Weston Presidio
Ridge Capital Partners
Deal Type Add-on Acquisition
Advisor(s) XMS Capital Partners LLC (Financial)

Target

Micro Power Electronics

Beaverton, Oregon, United States
Micro Power is a developer and manufacturer of complex custom power solutions for use in portable, mission-critical applications. Micro Power's custom battery packs and smart battery charger systems power a wide range of devices in the medical, automatic identification, data collection and commercial military markets.

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Buyer(S) 1

Buyer

Electrochem

Raynham, Massachusetts, United States
Category Company
Founded 1982
Sector Electrical Equipment
Revenue 34M USD (2024)
DESCRIPTION

Electrochem is a metal finishing company provides a range of highly technical finishing solutions including gold plating, silver plating, anodizing, electroless nickel, and other services to clients primarily in the semiconductor fabrication equipment end market. Electrochem was founded in 1982 and is based in Union City, California.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Oregon) 1 of 1
Country (United States) 2 of 2
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Engineered Assemblies

Teterboro, New Jersey, United States

EAC is a provider of custom battery solutions and electronics integration focused on rechargeable battery systems.

Buy $12M

Seller(S) 2

SELLER

Weston Presidio

Boston, Massachusetts, United States

Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 35 of 52
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 17 of 23
State (Oregon) 2 of 2
Country (United States) 33 of 49
Year (2011) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-07 BlueArc

San Jose, California, United States

BlueArc Corp. is a provider of the performance and scalable enterprise-class network attached storage systems. BlueArc Corporation delivers the world's highest-performance and most scalable enterprise-class network attached storage (NAS) systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Snooze

Denver, Colorado, United States

Snooze is a unique restaurant concept that aims to re-energize the way you think, feel, and, ultimately, eat breakfast. Along with great food and attentive service, the Company is focused on creating a sustainable restaurant environment and working with local vendors to source fresh, high-quality ingredients. Snooze currently has five locations throughout Colorado and one location in San Diego, California. Snooze was founded in 2006 and is based in Denver, Colorado.

Buy -
SELLER

Ridge Capital Partners

Middleburg, Virginia, United States

Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 50M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Ridge Capital Partners is a private equity firm that invests in smaller middle-market companies. Ridge seeks to invest $3 to $8 million in businesses with revenues of $15 and $100 million and EBITDA of $2 to $20 million. Ridge primarily looks for opportunities in basic industries. Sectors of interest include business services, chemicals, communications, manufacturing, education, machinery, and healthcare. Prospective transaction situations include recapitalizations, consolidations, buyouts, take-privates, and growth capital financings. Ridge Capital was formed in 1992 and is based outside of Washington, DC.

DEAL STATS #
Overall 6 of 6
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Oregon) 1 of 1
Country (United States) 5 of 5
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 LAT Apparel

Ball Ground, Georgia, United States

LAT Apparel provides blank products for men, women, teens, kids, babies, and even dogs. LAT focuses on exceptional printability, incredible selection, and superior fit. All its fabrics are carefully developed to ensure a great look and our cotton is combed ringspun to provide outstanding comfort and a smooth, imprintable surface. LAT Apparel was founded in 1982 and is based in Ball Ground, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Pumps and Controls

Arlington, Texas, United States

Pumps and Controls is a wholesale distributor of water treatment equipment and accessories. The company has assigned territories and contracts with several manufacturers of water treatment products that include metering pumps, controllers, filters, and accessories. Pumps and Controls was founded in 1986 and is based in Arlington, Texas.

Buy -
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