M&A Deal Summary

FTG Acquires IMI

On November 17, 2022, FTG acquired semiconductors company IMI for 2M CAD

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

M&A Deal Summary
Date 2022-11-17
Target IMI
Sector Semiconductors
Buyer(s) FTG
Deal Type Add-on Acquisition
Deal Value 2M CAD

Target

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.

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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 2 of 4
Sector (Semiconductors) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Massachusetts) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 Airco Industries

Fort Worth, Texas, United States

Airco Industries, Inc.(dba Photo Etch) is a designer and manufacturer of cockpit lighted displays and control panels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-28 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.

Buy CA$24M
Mergr

Product

Company

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