M&A Deal Summary

Green Cubes Acquires Unipower

On April 6, 2022, Green Cubes acquired electrical equipment company Unipower from JMC Capital Partners

Acquisition Highlights
  • This is Green Cubes’ 1st transaction in the Electrical Equipment sector.
  • This is Green Cubes’ 1st transaction in the United States.
  • This is Green Cubes’ 1st transaction in Florida.

M&A Deal Summary

Date 2022-04-06
Target Unipower
Sector Electrical Equipment
Buyer(s) Green Cubes
Sellers(s) JMC Capital Partners
Deal Type Add-on Acquisition

Target

Unipower

Coral Springs, Florida, United States
Unipower designs manufacture, and markets switching power supplies, front ends, rectifiers, dc-dc converters, inverters, dc power systems, high voltage power supplies, and military power supplies for datacom, telecom, military, industrial controls, industrial photonics, medical and instrumentation markets. Unipower is based in Coral Springs, Florida.

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Buyer(S) 1

Buyer

Green Cubes

Kokomo, Indiana, United States

Category Company
Founded 1986
Sector Electrical Equipment
DESCRIPTION

Green Cubes is a designer and manufacturer of reliable lithium-ion battery systems for the industrial, motive, medical, and ground support equipment markets. Green Cubes provides lithium-ion battery systems to both original equipment manufacturers (OEMs) and end-users who are seeking cleaner, more efficient, and user-friendly rechargeable lithium-ion technology. Green Cubes was founded in 1986 and is based in Kokomo, Indiana.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

JMC Capital Partners

Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 206M USD
Size Small
Type Sector Agnostic
DESCRIPTION

JMC Capital Partners is an operationally oriented private equity firm focused on acquiring and building niche companies in fragmented industries. The Firm pursues platform companies with $5 to $35 million in revenue and will consider opportunities throughout North America. Sectors of interest include specialty packaging, test/measurement devices, ruggedized devices, building automation, thermal management, air & liquid filtration, fluid handling, smart city hardware, specialty coatings, process instrumentation, and industrial valves. JMC Capital Partners was established in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 2 of 3
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Source Code

Milford, Massachusetts, United States

Source Code is a provider of custom manufactured computer solutions, computer component sourcing, and distribution services throughout the Northeast and Midwest. Source Code was founded in 1992 and is based in Milford, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 Pro-Vision Video Systems

Byron Center, Michigan, United States

Pro-Vision Video Systems design manufactures, and installs rugged rear vision and video recording systems, body-worn cameras, and video management software for commercial, law enforcement, and transit applications. Pro-Vision Video Systems was founded in 2003 and is based in Byron Center, Michigan.

Sell -