M&A Deal Summary

Industrial Growth Partners and Antares Capital Acquire AEM

On September 13, 2021, private equity firms Industrial Growth Partners and Antares Capital acquired electrical equipment company AEM

Acquisition Highlights
  • This is Industrial Growth Partners’ 7th and Antares Capital’s 1st transaction in the Electrical Equipment sector.
  • This is Industrial Growth Partners’ 38th and Antares Capital’s 49th transaction in the United States.
  • This is Industrial Growth Partners’ 7th and Antares Capital’s 7th transaction in California.

M&A Deal Summary
Date 2021-09-13
Target AEM
Sector Electrical Equipment
Buyer(s) Industrial Growth Partners
Antares Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

AEM

San Diego, California, United States
AEM designs and produces mission-critical, passive circuit protection components through two divisions. AEM’s A&D division provides advanced, high-reliability fuses, ferrite chip beads, and tin whisker mitigation products for satellite, defense, and aerospace applications. AEM’s Commercial division provides high-end SolidMatrix® and AirMatrix® surface mount fuses and inductive components for commercial applications, including IT, visual display, automotive and EV, power tools, lithium battery, 5G, IoT, security devices, and telecom. AEM is based in San Diego, California.

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Buyer(S) 2

Buyer

Industrial Growth Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 39 of 45
Sector (Electrical Equipment) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 19 of 22
State (California) 7 of 8
Country (United States) 38 of 44
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 North American Substation Services

Alamonte Springs, Florida, United States

North American Substation Services is an independent repair, maintenance, and installation provider for electric utility substations. North American Substation Services was founded in 2005 and is based in Altamonte Springs, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 AdvancedPCB

Santa Clara, California, United States

AdvancedPCB is a manufacturer of high reliability, technologically advanced, quick-turn printed circuit board prototypes for aerospace and defense, industrial, and consumer electronics companies. The company offers its customers world-class cycle times and quality, robust engineering capabilities, and comprehensive global program management. AdvancedPCB was founded in 1977 and is based in Santa Clara, California.

Buy -
Buyer

Antares Capital

Miami, Florida, United States

Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.

DEAL STATS #
Overall 50 of 55
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 10 of 10
State (California) 7 of 7
Country (United States) 49 of 54
Year (2021) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Arrowhead Engineered Products

Blaine, Minnesota, United States

Arrowhead Engineered Products is a specialty supplier and distributor of aftermarket replacement parts for a wide variety of equipment types across the outdoor power equipment, Powersports, agricultural, industrial and automotive industries. Arrowhead Engineered Products was founded in 1986 and is based in Blaine, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Stanton Carpet

Syosset, New York, United States

Stanton Carpet is a designer and distributor of decorative, high-quality branded carpet and custom rugs and runners. The Stanton family of brands are available through approximately 4,000 retail partners nationwide, including independent retail floor showrooms, trade showrooms and home furnishing retailers. Stanton Carpet was founded in 1980 and is based in Syosset, New York.

Buy -
Mergr

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