M&A Deal Summary

Hubbell Acquires iDevices

On April 25, 2017, Hubbell acquired technology hardware company iDevices from Enhanced Capital Partners

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

M&A Deal Summary

Date 2017-04-25
Target iDevices
Sector Technology Hardware
Buyer(s) Hubbell
Sellers(s) Enhanced Capital Partners
Deal Type Add-on Acquisition

Target

iDevices

Avon, Connecticut, United States
iDevices LLC is a developer of an App-enabled products that incorporate wireless connectivity to the Apple and Android platforms. iDevices Consulting LLC partners with companies, inventors, and developers to App-enable their products and bring new ideas to market in the Apple and Android space. iDevices is based in Avon, Connecticut.

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Buyer(S) 1

Buyer

Hubbell

Shelton, Connecticut, United States

Category Company
Founded 1888
Sector Electronics
Employees18,400
Revenue 5.4B USD (2023)
DESCRIPTION

Hubbell is a manufacturer of electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. Hubbell was founded in 1888 and is based in Shelton, Connecticut.


DEAL STATS #
Overall 9 of 12
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 8 of 11
State (Connecticut) 1 of 2
Country (United States) 8 of 11
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 R.W. Lyall

Corona, California, United States

R.W. Lyall & Co., Inc. is a manufacturer of components and assemblies for residential, multiple meter, and commercial gas service line applications in gas distribution systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Beckwith Electric

Largo, Florida, United States

Beckwith Electric Co. Inc. is a premier manufacturer of protection and control products for electric utility and industrial markets worldwide. Beckwith Electric Co. Inc. was founded in 1967 and is based in Largo, Florida.

Buy -

Seller(S) 1

SELLER

Enhanced Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.


DEAL STATS #
Overall 24 of 26
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 12 of 14
State (Connecticut) 2 of 2
Country (United States) 24 of 26
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Sun Water Systems

Haltom City, Texas, United States

Sun Water Systems, Inc. (dba Aquasana) is a designer, assembler and marketer of premium performance water treatment products, including whole-house treatment systems, drinking water solutions for at home and on-the-go, and shower filters.

Sell $87M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Lapolla Industries

Houston, Texas, United States

Lapolla Industries, Inc. is a global supplier and manufacturer of spray polyurethane foam for insulation and roofing applications, reflective roof coatings and equipment. Based in Houston, Texas, the Company's building envelope and roofing product solutions are designed to reduce energy consumption in the building environment, across the residential, commercial and industrial sectors, in both new construction and retrofits.

Sell $160M