M&A Deal Summary

Elmore Companies Acquires Grayhill

On January 1, 2023, family office Elmore Companies acquired technology hardware company Grayhill

Acquisition Highlights
  • This is Elmore Companies’ 1st transaction in the Technology Hardware sector.
  • This is Elmore Companies’ 18th transaction in the United States.
  • This is Elmore Companies’ 4th transaction in Illinois.

M&A Deal Summary

Date 2023-01-01
Target Grayhill
Sector Technology Hardware
Buyer(s) Elmore Companies
Deal Type Buyout (LBO, MBO, MBI)

Target

Grayhill

La Grange, Illinois, United States
Grayhill provides components that land planes, make skyscrapers soar, and plow acres of wheat. Grayhill help soldiers and airmen communicate, surgeons see, and music tracks reverberate. Standard products include touch encoders, optical encoders, joysticks, rotary switches, keypads, and pushbuttons, all with finely tuned haptics. Grayhill was founded in 1943 and is based in La Grange, Illinois.

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Buyer(S) 1

DESCRIPTION

Elmore Companies is a Midwest US-based private investment firm focused on acquiring business-to-business services and manufacturing companies. Elmore seeks companies generating $3 to $10 million of revenue and prefers acquiring from founders. Elmore was formed in 1984 and is based in Bloomington, Indiana.


DEAL STATS #
Overall 18 of 18
Sector: Technology Hardware M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 17
State: Illinois M&A 4 of 4
Country: United States M&A 18 of 18
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Wave Reaction

Waunakee, Wisconsin, United States

Wave Reaction provides cloud-based, highly configurable supply chain management software for manufacturing, warehousing, and logistics clients. Wave Reaction was founded in 1998 and is based in Waunakee, Wisconsin.

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