M&A Deal Summary

Globe Suite Acquires HeathZenith

On November 10, 2021, Globe Suite acquired manufacturer HeathZenith from Transom Capital Group

Acquisition Highlights
  • This is Globe Suite’s 1st transaction in the Manufacturing sector.
  • This is Globe Suite’s 1st transaction in the United States.
  • This is Globe Suite’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2021-11-10
Target HeathZenith
Sector Manufacturing
Buyer(s) Globe Suite
Sellers(s) Transom Capital Group
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Kirkland & Ellis (Legal)

Target

HeathZenith

Bowling Green, Kentucky, United States
HeathZenith is the manufacturer and marketer of Heath/Zenith branded products. Through innovation, HeathZenith has compiled a large portfolio of patented technologies and products giving us a competitive edge as an industry leader in the intelligent lighting and door chime markets. HeathZenith was founded in 1987 and is based in Bowling Green, Kentucky.

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Buyer(S) 1

Buyer

Globe Suite

Montreal, Quebec, Canada
Category Company
Founded 1932
Sector Electrical Equipment
DESCRIPTION

Globe Suite is a provider of lighting solutions, electrical products, and smart home systems. Coined the Creative Energy Company, Globe Suite is committed to continuous R&D, delivering the best quality products, and leaving a positive impact on the lives of consumers. Globe Suite was founded in 1932 and is based in Montreal, Quebec.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Transom Capital Group

El Segundo, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Transom Capital Group is an operationally-focused private equity firm that seeks buyouts and control investments in middle-market companies with established revenue streams and business models. Transom is sector agnostic and will consider opportunities throughout North America. Target companies typically have cash-flows up to $100 million. Transom Capital Partners was formed in 2008 and is based in Los Angeles, California.

DEAL STATS #
Overall 8 of 14
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 4 of 8
State (Kentucky) 1 of 1
Country (United States) 8 of 14
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Aspen Publishing

Boston, Massachusetts, United States

Aspen Publishing is a provider of educational content and digital learning solutions to law schools and undergraduate institutions in the U.S. and around the world. Aspen provides premium learning solutions for legal education through its casebooks, study aids, and supplements which are written by leading deans and professors. Aspen Publishing is based in Boston, Massachusetts.

Buy $88M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 SemiTorr

Tualatin, Oregon, United States

SemiTorr Group is a sales and distribution company for gas and fluid handling systems and components. Focused on three major market segments high purity, sanitary and industrial – its products include process equipment, pumps, tubing, hoses, fittings, valves, filtration and instrumentation. Semitorr Group was founded in 1988 and is based in Tualatin, Oregon.

Sell -
Mergr

Product

Company

Legal