M&A Deal Summary

Gowanda Components Group Acquires Gowanda Electronics

On June 15, 2016, Gowanda Components Group acquired electronics company Gowanda Electronics from Addison Capital Partners and Banyan Investment Partners

Acquisition Highlights
  • This is Gowanda Components Group’s 1st transaction in the Electronics sector.
  • This is Gowanda Components Group’s 1st transaction in the United States.
  • This is Gowanda Components Group’s 1st transaction in New York.

M&A Deal Summary

Date 2016-06-15
Target Gowanda Electronics
Sector Electronics
Buyer(s) Gowanda Components Group
Sellers(s) Addison Capital Partners
Banyan Investment Partners
Deal Type Add-on Acquisition

Target

Gowanda Electronics

Gowanda, New York, United States
Gowanda Electronics designs and manufactures application-specific and standard inductors for RF, microwave and power applications in the OEM marketplace. Gowanda Electronics was founded in 1963 and is based in Gowanda, New York.

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Buyer(S) 1

Buyer

Gowanda Components Group

Gowanda, New York, United States

Category Company
Sector Electrical Equipment
DESCRIPTION

Gowanda Components Group manufacturer of high performance, high-reliability electronic components. Gowanda Components Group expertise includes power, RF and microwave magnetics, specialty filters and application-specific designs. Gowanda Components Group is based in Gowanda, New York.


DEAL STATS #
Overall 1 of 3
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (New York) 1 of 2
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Dyco Electronics

Hornell, New York, United States

Dyco Electronics designs custom magnetics, laminated transformers, planar transformers. Dyco Electronics was founded in 1986 and is based in Hornell, New York.

Buy -

Seller(S) 2

SELLER

Addison Capital Partners

West Palm Beach, Florida, United States

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Addison Capital Partners LLC is a private equity firm that seeks to invest in partnership between owners and operators of lower middle market companies. Addison focuses on companies with proven profitability, experienced management, diverse customers and defensible market position with an EBITDA of $1 - $10 million. The Firm targets companies operating in the fields of manufacturing, distribution and business services. Types of transactions include MBO’s, recapitalizations, growth capital and non-control Investments. Addison Capital Partners LLC was formed in 2004 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 2 of 5
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (New York) 1 of 2
Country (United States) 2 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-15 Gowanda Components Group

Gowanda, New York, United States

Gowanda Components Group manufacturer of high performance, high-reliability electronic components. Gowanda Components Group expertise includes power, RF and microwave magnetics, specialty filters and application-specific designs. Gowanda Components Group is based in Gowanda, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-22 IMG Companies

Livermore, California, United States

IMG Companies is a manufacturer of process sensitive, critical and highly engineered components and consumable parts. IMG provide OEMs responsive solutions for the manufacture of quick turn, prototype, and commercial-scale component and consumable parts for semiconductor, aerospace and defense, medical device, and energy applications. IMG Companies was founded in 2004 and is based in Livermore, California.

Buy -
SELLER

Banyan Investment Partners

Miami, Florida, United States

Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.


DEAL STATS #
Overall 12 of 22
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 7 of 14
State (New York) 1 of 1
Country (United States) 12 of 22
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Rio Ranch Markets

Fontana, California, United States

Rio Ranch Markets is an operator of a Hispanic supermarket chain. Rio primarily serves the Hispanic community by replicating the open-air atmosphere of a traditional Latin American marketplace, providing freshly prepared foods, bakery, tortilleria and basic everyday grocery, meat, produce, household needs. Rio Ranch Markets was founded in 1983 and is based in Fontana, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Global Connection

Atlanta, Georgia, United States

Global Connection Inc. of America is a direct marketing company selling prepaid wireline phone and other services to low-income consumers with poor credit. Global Connection was founded in 1998 and is based in Atlanta, Georgia.

Sell -