M&A Deal Summary

Gardner Standard Acquires ECE

On January 1, 2021, family office Gardner Standard acquired technology hardware company ECE

Acquisition Highlights
  • This is Gardner Standard’s 1st transaction in the Technology Hardware sector.
  • This is Gardner Standard’s 8th transaction in the United States.
  • This is Gardner Standard’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-01-01
Target ECE
Sector Technology Hardware
Buyer(s) Gardner Standard
Deal Type Buyout (LBO, MBO, MBI)

Target

ECE

Holland, Ohio, United States
ECE develops and produces cost-effective embedded electronic systems for use in a variety of rugged environments. ECE specializes in aerospace and defense, automotive and industrial market segments, and is a proven full-service electronic product development and manufacturing supplier to Fortune 500 and other companies. ECE was founded in 1991 and is based in Holland, Ohio.

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Buyer(S) 1

Buyer

Gardner Standard

Investor Investor Investor

Category Family Office
Founded 1884
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gardner Standard is a family backed private investment group focused on acquiring and partnering with lower middle-market companies with up to $75 million in annual sales. The Firm will consider a variety of investment situations including buyouts, special situations, and divestitures. Sectors of interest include manufacturing, consumer, business services, aerospace/defense, industrial services, building products, energy services, and packaging. Gardner Standard is based in New York City.

DEAL STATS #
Overall 8 of 9
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 6
State (Ohio) 1 of 1
Country (United States) 8 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 Pharmacal

Jackson, Wisconsin, United States

Pharmacal is a manufacturer and distributor of consumer products to the outdoor recreation, first aid, and over-the-counter personal care and hygiene markets. The Company provides private-label products to the leading drug store and big-box retailers in addition to products sold under its own brands, which include MG217 psoriasis products, vH Essentials feminine care products, and Potable Aqua water purification tablets. Pharmacal was founded in 1896 and is based in Jackson, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Fox Valley Elevator

Appleton, Wisconsin, United States

Fox Valley Elevator designs and manufactures residential elevators and commercial and residential dumbwaiters. Fox Valley Elevator is based in Appleton, Wisconsin.

Buy -
Mergr

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