M&A Deal Summary |
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Date | 2016-06-02 |
Target | Technibus |
Sector | Electrical Equipment |
Buyer(s) | IES |
Sellers(s) | Pfingsten Partners |
Deal Type | Add-on Acquisition |
Deal Value | 45M USD |
Advisor(s) | Fidus Partners (Financial) Ropes & Gray (Legal) |
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Category | Company |
---|---|
Founded | 1997 |
Sector | Business Services |
Employees | 8,028 |
Revenue | 2.4B USD (2023) |
IES is a consisted of a group of electrical contractors provides communications, residential, commercial and industrial, and infrastructure solutions to a variety of end markets. IES was founded in 1997 and is based in Houston, Texas.
DEAL STATS | # |
---|---|
Overall | 5 of 16 |
Sector (Electrical Equipment) | 2 of 6 |
Type (Add-on Acquisition) | 5 of 16 |
State (Ohio) | 2 of 4 |
Country (United States) | 5 of 16 |
Year (2016) | 2 of 2 |
Size (of disclosed) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-04-27 |
STR Mechanical
Charlotte, North Carolina, United States STR Mechanical, Inc. is a provider of commercial and industrial mechanical services, including maintenance, repair, and replacement services, and temperature control system installations. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-03-16 |
Freeman Enclosure Systems
Batavia, Ohio, United States Freeman Enclosure Systems LLC is a manufacturer of custom generator enclosures that are primarily used by data centers and large commercial and industrial facilities. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 1989 |
PE ASSETS | 1.3B USD |
Size | Large |
Type | Sector Agnostic |
Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.
DEAL STATS | # |
---|---|
Overall | 23 of 40 |
Sector (Electrical Equipment) | 4 of 6 |
Type (Add-on Acquisition) | 11 of 16 |
State (Ohio) | 6 of 7 |
Country (United States) | 23 of 40 |
Year (2016) | 1 of 3 |
Size (of disclosed) | 6 of 6 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-05-19 |
Oliver
Hauppauge, New York, United States Oliveris a manufacturer of value-added marketing collateral, packaging, and POP displays. The company is a provider of highly customized, quick turnaround marketing and packaging solutions to a diverse customer base across the health and beauty, consumer goods, financial services, building products, and specialty food and beverage end-markets. Oliver was founded in 1924 and is based in Hauppauge, New York. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-06-07 |
Kith Kitchens
Haleyville, Alabama, United States Kith Kitchens is a manufacturer of semi-custom framed and frameless kitchen and bath cabinetry under the Kith and Eudora brand names. Kith Kitchens is based in Haleyville, Alabama. |
Buy | - |