M&A Deal Summary

Halma Acquires Avo Photonics

On July 11, 2011, Halma acquired technology hardware company Avo Photonics from Whitecap Venture Partners for 9M USD

Acquisition Highlights
  • This is Halma’s 9th transaction in the Technology Hardware sector.
  • This is Halma’s 23rd largest (disclosed) transaction.
  • This is Halma’s 11th transaction in the United States.
  • This is Halma’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2011-07-11
Target Avo Photonics
Sector Technology Hardware
Buyer(s) Halma
Sellers(s) Whitecap Venture Partners
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

Avo Photonics

Horsham, Pennsylvania, United States
Avo Photonics, Inc. is a designer and manufacturer of advanced, miniaturised photonic components and subsystems for OEM customers serving a wide range of end-markets.

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Buyer(S) 1

Buyer

Halma

Amersham, United Kingdom

Category Company
Founded 1894
Sector Safety/Security
Employees7,000
Revenue 2.0B GBP (2024)
DESCRIPTION

Halma is a UK-based group of technology companies that makes products for hazard detection and life protection. Halma was founded in 1894 and is based in Amersham.


DEAL STATS #
Overall 34 of 56
Sector (Technology Hardware) 9 of 12
Type (Add-on Acquisition) 30 of 51
State (Pennsylvania) 1 of 2
Country (United States) 11 of 19
Year (2011) 5 of 5
Size (of disclosed) 23 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 Kirk Key Interlock Company

Massillon, Ohio, United States

Kirk Key Interlock Company LLC is a manufacturer and marketer of key interlocks and key interlock systems for the protection of personnel and equipment.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Sensorex

Garden Grove, California, United States

Sensorex, Inc. is a manufacturer of electrochemical sensors for water analysis applications. Its wide range of sensors and associated accessories are incorporated by OEMs manufacturing single and multi-parameter probes and instruments for monitoring water quality.

Buy $38M

Seller(S) 1

SELLER

Whitecap Venture Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1993
PE ASSETS 225M CAD
Size Small
Type Sector Focused
DESCRIPTION

Whitecastle Private Equity Partners (WPEP) is the private equity arm of Whitecastle Investments, a firm which also provides venture capital financing. WPEP looks to invest C$5 to C$25 million to help fund buyouts, acquisitions, expansions, and privatizations of companies valued up to C$75 million. Target industries include food services, recycling and waste management, technology, healthcare services and products, financial services, and manufacturing. Whitecastle Private Equity Partners was formed in 1958 and is based in Toronto, Ontario.


DEAL STATS #
Overall 10 of 11
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2011) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Turtle Island Recycling

Toronto, Ontario, Canada

Turtle Island is one of the leading recycling and waste management companies in Ontario. Established in 1990 by entrepreneurs Ted Manziaris and Louis Anagnostakos, Turtle Island now employs over 250 people and services over 2,000 industrial and commercial customers and over 220,000 residential customers and growing. The operations of Turtle Island as well as its main transfer station are located in a 60,000 square foot facility in downtown Toronto. Turtle Island now operates facilities in Aurora, Chatham/Windsor and Caledon/Orangeville, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-04 Protenergy Natural Foods

Richmond Hill, Ontario, Canada

Protenergy Natural Foods Corp. is a fully integrated manufacturer of natural food and beverage products. From concept through product formulation, analytical and sensory testing, nutritional evaluation, packaging and logistics.

Buy -