M&A Deal Summary

Freedom Electronics Acquires ESCO

On June 2, 2022, Freedom Electronics acquired distribution company ESCO

Acquisition Highlights
  • This is Freedom Electronics’ 1st transaction in the Distribution sector.
  • This is Freedom Electronics’ 1st transaction in the United States.
  • This is Freedom Electronics’ 1st transaction in Michigan.

M&A Deal Summary

Date 2022-06-02
Target ESCO
Sector Distribution
Buyer(s) Freedom Electronics
Deal Type Add-on Acquisition

Target

ESCO

Sterling Heights, Michigan, United States
ESCO is a provider of retail petroleum products with multiple product lines (intercoms, relays, alarms, PetroVend). ESCO operates three facilities located in Florida, Michigan, and Colorado. ESCO was founded in 1979 and is based in Sterling Heights, Michigan.

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Buyer(S) 1

Buyer

Freedom Electronics

Kennesaw, Georgia, United States

Category Company
Founded 1998
Sector Electronics
DESCRIPTION

Freedom Electronics remanufactures and sells a portfolio of over 2,300 electronic components used in fuel dispensers, retail point-of-sale systems, and automatic tank gauges. Freedom Electronics also provides a logistics and warehousing solution for customers’ electronic components inventory that minimizes downtime and ensures customers always have parts in stock. Freedom Electronics was founded in 1998 and is based in Kennesaw, Georgia.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1