M&A Deal Summary

Esterline Technologies Acquires CMC Electronics

On March 1, 2007, Esterline Technologies acquired electronics company CMC Electronics from ONCAP Management Partners for 392M USD

Acquisition Highlights
  • This is Esterline Technologies’ 2nd transaction in the Electronics sector.
  • This is Esterline Technologies’ 2nd largest (disclosed) transaction.
  • This is Esterline Technologies’ 1st transaction in Canada.
  • This is Esterline Technologies’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2007-03-01
Target CMC Electronics
Sector Electronics
Buyer(s) Esterline Technologies
Sellers(s) ONCAP Management Partners
Deal Type Add-on Acquisition
Deal Value 392M USD

Target

CMC Electronics

Burnaby, British Columbia, Canada
CMC Electronics, Inc., is engaged primarily in the design, development, manufacture, sale and support of high-technology electronic products and systems for the aerospace, communications, and electronic components markets for military and commercial customers.

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Buyer(S) 1

Buyer

Esterline Technologies

Bellevue, Washington, United States
Category Company
Founded 1967
Sector Aerospace
Employees13,290
Revenue 2.0B USD (2017)
DESCRIPTION

Esterline Technologies Corp. is a specialized manufacturing company serving principally aerospace and defense markets. Esterline management views the company’s businesses in three segments related to its set of core competencies: Avionics & Controls, Sensors & Systems, and Advanced Materials.

DEAL STATS #
Overall 6 of 12
Sector (Electronics) 2 of 4
Type (Add-on Acquisition) 5 of 10
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-27 Wallop Defence Systems

Bellevue, Washington, United States

Wallop Defence Systems Ltd., is a manufacturer of wide range of pyrotechnic products for armed forces around the world.

Buy $59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-03 Muirhead Aerospace

London, United States

Muirhead Aerospace Ltd. a manufacturer of motion technology products and a provider of avionics repair and overhaul services for the aerospace and defense markets. Muirhead Aerospace’s motion control products are used in many applications including fuel controls, flight controls, power systems and guidance systems on a wide variety of aircraft, land vehicles, ships and missile.

Sell -

Seller(S) 1

SELLER

ONCAP Management Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ONCAP is the mid-market private equity business of Onex Corporation. ONCAP looks to invest in small and mid-sized North American businesses where it can commit $20 to $200 million of equity capital. ONCAP considers investment opportunities in a wide range of industry sectors. Situations of interest include, complete or partial sales of a closely held private companies, divestitures, companies seeking equity capital to pursue key strategic initiatives, and take privates. ONCAP was established in 1999 and is based in Toronto.

DEAL STATS #
Overall 5 of 18
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (British Columbia) 1 of 3
Country (Canada) 5 of 9
Year (2007) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-23 WIS International

Mississauga, Ontario, Canada

WIS International is a global provider of outsourced inventory management services. WIS International was founded in 1967 and is based in Mississauga, Ontario.

Sell $411M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Mister Car Wash

Tucson, Arizona, United States

Mister Car Wash operates car washes and lube centers across the US. Mister Car Wash was founded in 1996 and is headquartered in Tucson, Arizona.

Buy -
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