M&A Deal Summary

Infinity Group Acquires Altec Lansing Technologies

On October 18, 2012, Infinity Group acquired electronics company Altec Lansing Technologies from Prophet Equity

Acquisition Highlights
  • This is Infinity Group’s 1st transaction in the Electronics sector.
  • This is Infinity Group’s 1st transaction in the United States.
  • This is Infinity Group’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2012-10-18
Target Altec Lansing Technologies
Sector Electronics
Buyer(s) Infinity Group
Sellers(s) Prophet Equity
Deal Type Add-on Acquisition

Target

Altec Lansing Technologies

Milford, Pennsylvania, United States
Altec Lansing Technologies, Inc. designs, manufactures and markets digital powered audio systems, speakers and stereo headphones for use with computers and portable audio devices.

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Buyer(S) 1

Buyer

Infinity Group

New York, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

Infinity Lifestyle Brands is the Infinity Group’s consumer products and brand management platform. It is the Group’s oldest business unit, and it is built around one of Infinity’s core competencies - product merchandising and manufacturing. Infinity Lifestyle Brands specializes in the acquisition and repositioning of mismanaged, underutilized or dormant consumer brands with high awareness value. The company offers its partners and investors a proven know-how in the reinvention of struggling consumer product companies and in the management and licensing of retail targeted product brands.


DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

Prophet Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prophet Equity is a private investment group focused on partnering with owners and management to acquire and build companies. The Firm targets the lower middle-market, and generally pursues businesses with significant value creation potential, such as those found in partnerships, corporate carve-outs, divestitures and non-strategic businesses of larger companies. Prospective companies typically have revenue up to $500 million and are valued between $10 and $250 million. Sectors of interest include automotive, transportation, consumer products, aerospace/defense, distribution, financial services, healthcare, manufacturing, technology, and natural resources. Prophet Equity was founded in 2007 and is based in Southlake, Texas.


DEAL STATS #
Overall 1 of 8
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Pennsylvania) 1 of 2
Country (United States) 1 of 8
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Tafford Uniforms

Charlotte, North Carolina, United States

Tafford is a leading retailer of third-party and Tafford-branded medical uniforms and accessories. Tafford markets and sells to over 400,000 customers in the U.S. and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 Hatch Stamping

Chelsea, Michigan, United States

Hatch Stamping is a manufacturer of complex metal stampings and assemblies to the automotive industry. The company supplies the world’s leading manufacturers of fuel, braking, roofing, and interior automotive systems with complex safety critical metal components and mechanisms through its six manufacturing centers of excellence, including a state of the art facility in Queretaro, Mexico. Hatch Stamping was founded in 1952 and is based in Chelsea, Michigan.

Buy -