M&A Deal Summary

Excelitas Technologies Acquires Lumen Dynamics Group

On November 12, 2013, Excelitas Technologies acquired electrical equipment company Lumen Dynamics Group from The Riverside Company

Acquisition Highlights
  • This is Excelitas Technologies’ 2nd transaction in the Electrical Equipment sector.
  • This is Excelitas Technologies’ 1st transaction in Canada.
  • This is Excelitas Technologies’ 1st transaction in Ontario.

M&A Deal Summary

Date 2013-11-12
Target Lumen Dynamics Group
Sector Electrical Equipment
Buyer(s) Excelitas Technologies
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition

Target

Lumen Dynamics Group

Mississauga, Ontario, Canada
Lumen Dynamics Group develops and retails high-intensity ultraviolet illumination and curing products. Its devices are required by a variety of end users in fields like life science, medical device manufacturing, electronics manufacturing, and digital printing.

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Buyer(S) 1

Buyer

Excelitas Technologies

Waltham, Massachusetts, United States

Category Company
Founded 1931
Sector Technology Hardware
Employees3,000
DESCRIPTION

Excelitas Technologies is a global provider of photonics technology solutions. The Company’s components, modules and sub-systems enable its customers to develop unique, technology-driven products that serve a broad range of growing end markets. Excelitas’ core capabilities include expertise in detection, optics, illumination and advanced electronics. The Company primarily targets high-growth applications within the life sciences, industrial, semiconductor, consumer and defense and aerospace markets. Excelitas Technologies was founded in 1931 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 3 of 7
Sector (Electrical Equipment) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 Qioptiq Group

Kroll, Luxembourg

Qioptiq designs and manufactures photonic products and solutions that serve a wide range of markets and applications in the areas of medical and life sciences, industrial manufacturing, defense and aerospace, and research and development.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 AXSUN Technologies

Billerica, Massachusetts, United States

AXSUN Technologies Inc. develops, manufactures, commercializes, and supplies photonic components and subsystems, and micro-electrical-mechanical-systems-based optical engines for optical telecommunications, industrial spectroscopy, and medical imaging applications.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 79 of 191
Sector (Electrical Equipment) 2 of 4
Type (Add-on Acquisition) 29 of 82
State (Ontario) 3 of 3
Country (Canada) 3 of 6
Year (2013) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-07 ARCOS

Columbus, Ohio, United States

ARCOS delivers SaaS solutions for managing resources, ensuring accurate, compliant shift scheduling, and automatically planning for all types of events. The ARCOS solution reports on the up-to-the-minute location and status of equipment and crews via mobile technology for utilities and other critical infrastructures like airlines, manufacturers, and industrial facilities. ARCOS was founded in 1993 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-13 PROFITsystems

Colorado Springs, Colorado, United States

PROFITsystems creates Windows-based retail furniture software solutions and provides other services to the retail furniture industry. More U.S. and Canadian furniture retailers run their businesses on software by PROFITsystems than any other furniture software in the world.

Sell -