M&A Deal Summary

Flex Acquires AGM Automotive

On February 21, 2017, Flex acquired automotive company AGM Automotive from Trive Capital and Triangle Capital

Acquisition Highlights
  • This is Flex’s 2nd transaction in the Automotive sector.
  • This is Flex’s 9th transaction in the United States.
  • This is Flex’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2017-02-21
Target AGM Automotive
Sector Automotive
Buyer(s) Flex
Sellers(s) Trive Capital
Triangle Capital
Deal Type Add-on Acquisition

Target

AGM Automotive

Troy, Michigan, United States
AGM Automotive, Inc. is a provider of automotive interior trim, lighting, and electrical components to automotive and related industries.

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Buyer(S) 1

Buyer

Flex

Austin, Texas, United States
Category Company
Founded 1969
Sector Semiconductors
Employees148,115
Revenue 26.4B USD (2024)
DESCRIPTION
Flextronics facility in Fremont, California.
Flextronics facility in Fremont, California.

Flex is a Sketch-to-Scale™ solutions provider that designs, manufactures and distributes intelligent products for a connected world. Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. Flex was founded in 1969 and is based in Austin, Texas.

DEAL STATS #
Overall 11 of 14
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 11 of 14
State (Michigan) 2 of 2
Country (United States) 9 of 10
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 Farm Design

Hollis, New Hampshire, United States

Farm Design, Inc. is a provider of complete development and design services for medical device and diagnostic companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Anord Mardix

Dundalk, Ireland

Anord Mardix is a provider of critical power equipment to a diverse set of blue-chip customers in the rapidly growing data center industry, which is being driven by enterprise cloud migration, rising data consumption, media-rich content, and proliferation of connected devices. Anord Mardix’s capability set includes manufacturing operations in Europe and the US, a worldwide sales and service presence, and dual-listed UL and IEC products, which positions the Company to deliver innovative and flexible solutions with industry best lead times to customers on a global basis. Anord Mardix was founded in 1969 and is based in Dundalk, Ireland.

Buy $540M

Seller(S) 2

SELLER

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $300 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 17
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 1 of 8
State (Michigan) 2 of 2
Country (United States) 2 of 16
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 NxEdge

Boise, Idaho, United States

NxEdge provides vertically integrated solutions to the semiconductor market. The company offers custom solutions including machining, anodizing & plating, advanced engineering coatings, fluoropolymer coatings, cleanings, and assembly. NxEdge was established in 2001 and is based in Boise, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 East West Copolymer

Baton Rouge, Louisiana, United States

East West Copolymer LLC is a manufacturer and supplier of synthetic rubber to a broad base of customers across the industrial and tire markets. East West Copolymer is based in Baton Rouge, Louisiana.

Sell -
SELLER

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 44 of 72
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 21 of 34
State (Michigan) 2 of 2
Country (United States) 44 of 71
Year (2017) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Native Maine Produce & Specialty Foods

Westbrook, Maine, United States

Native Maine Produce & Specialty Foods is a fresh foodservice distributor. NM provides its foodservice clients fresh, high quality produce and leading specialty products. With 3,000+ quality items in stock, 1,500+ New England customers have access to an impressive selection of local, regional & hard to find specialty foods and produce. Native Maine Produce & Specialty Foods was established in 1999 and is based in Westbrook, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Grindmaster-Cecilware

Louisville, Kentucky, United States

Grindmaster-Cecilware Corp. is a manufacturer of hot, cold and frozen beverage dispensing equipment including coffee machines.

Sell $108M
Mergr

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