M&A Deal Summary

FTG Acquires Holaday Circuits

On December 28, 2022, FTG acquired semiconductors company Holaday Circuits for 24M CAD

Acquisition Highlights
  • This is FTG’s 2nd transaction in the Semiconductors sector.
  • This is FTG’s largest (disclosed) transaction.
  • This is FTG’s 3rd transaction in the United States.
  • This is FTG’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-12-28
Target Holaday Circuits
Sector Semiconductors
Buyer(s) FTG
Deal Type Add-on Acquisition
Deal Value 24M CAD
Advisor(s) Wipfli Corporate Finance Advisors, LLC (Financial)

Target

Holaday Circuits

Minnetonka, Minnesota, United States
Holaday Circuits is a manufacturer of high technology circuit boards focused on the aerospace and defense markets. Holaday Circuits is based in Minnetonka, Minnesota.

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Buyer(S) 1

Buyer

FTG

Toronto, Ontario, Canada
Category Company
Founded 1983
Sector Semiconductors
Employees450
Revenue 135M CAD (2023)
DESCRIPTION

FTG is a manufacturer of high technology printed circuit boards and precision illuminated display systems. FTG was incorporated in 1983 and is based in Toronto, Ontario.

DEAL STATS #
Overall 3 of 3
Sector (Semiconductors) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2022) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 IMI

Haverhill, Massachusetts, United States

IMI is a manufacturer of specialty RF circuit boards focused on the aerospace and defense markets. IMI is based in Haverhill, Massachusetts.

Buy CA$2M
Mergr

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