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 4
Sector (Semiconductors) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2022) 2 of 2
Size (of disclosed) 1 of 3
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 Flyht Aerospace Solutions

Calgary, Alberta, Canada

Flyht Aerospace Solutions provides the airline industry with smart decisions based on Actionable Intelligence to improve operational efficiency, sustainability, and profitability. Our mission is to leave no data stranded and no action incomplete through our extensive hardware, software, weather sensors, and services. Flyht Aerospace Solutions is based in Calgary, Alberta.

Buy $4M
Mergr

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