M&A Deal Summary

Innovation Industries Acquires Monitor Elevator Products

On May 30, 2014, Innovation Industries acquired electrical equipment company Monitor Elevator Products from Halma for 6M USD

Acquisition Highlights
  • This is Innovation Industries’ 1st transaction in the Electrical Equipment sector.
  • This is Innovation Industries’ largest (disclosed) transaction.
  • This is Innovation Industries’ 1st transaction in the United States.
  • This is Innovation Industries’ 1st transaction in New York.

M&A Deal Summary
Date 2014-05-30
Target Monitor Elevator Products
Sector Electrical Equipment
Buyer(s) Innovation Industries
Sellers(s) Halma
Deal Type Divestiture
Deal Value 6M USD

Target

Monitor Elevator Products

Hauppauge, New York, United States
Monitor Elevator Products, Inc. is a provider of custom elevator fixtures.

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Buyer(S) 1

Buyer

Innovation Industries

Russellville, Arkansas, United States
Category Company
Founded 1972
Sector Electrical Equipment
DESCRIPTION

Innovation Industries, Inc. is a designer and manufacturer of different push button styles.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 4 of 6
Sector (Electrical Equipment) 1 of 2
Type (Divestiture) 4 of 6
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Rohrback Cosasco Systems

Santa Fe Springs, California, United States

Rohrback Cosasco Systems, Inc. is a provider in the design, manufacture and sales of pipeline corrosion monitoring products and systems into diverse industries including oil, gas, petrochemical, pharmaceutical, chemical and utilities.

Buy $108M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-06 Firetrace USA

Scottsdale, Arizona, United States

Firetrace USA LLC is a designs and manufactures automatic fire detection and suppression systems for installation in small enclosed environments to protect people and critical assets.

Buy $110M
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