M&A Deal Summary

iNRCORE Acquires Gowanda Components Group

On December 31, 2020, iNRCORE acquired electrical equipment company Gowanda Components Group from Addison Capital Partners

Acquisition Highlights
  • This is iNRCORE’s 1st transaction in the Electrical Equipment sector.
  • This is iNRCORE’s 1st transaction in the United States.
  • This is iNRCORE’s 1st transaction in New York.

M&A Deal Summary
Date 2020-12-31
Target Gowanda Components Group
Sector Electrical Equipment
Buyer(s) iNRCORE
Sellers(s) Addison Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Stearns Weaver Miller (Legal)

Target

Gowanda Components Group

Gowanda, New York, United States
Gowanda Components Group manufacturer of high performance, high-reliability electronic components. Gowanda Components Group expertise includes power, RF and microwave magnetics, specialty filters and application-specific designs. Gowanda Components Group is based in Gowanda, New York.

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Buyer(S) 1

Buyer

iNRCORE

Bristol, Pennsylvania, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

iNRCORE designs and manufactures magnetic components that transmit high-speed, mission-critical signals and power in the harshest operating conditions. iNRCORE is based in Bristol, Pennsylvania.

DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Vanguard Electronic

Huntington Beach, California, United States

Vanguard Electronic is a manufacturer of both catalog and custom high-reliability magnetics for the most demanding applications in the defense, aerospace, space, and medical industries. Vanguard Electronic is based in Huntington Beach, California.

Buy -

Seller(S) 1

SELLER

Addison Capital Partners

West Palm Beach, Florida, United States
Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Addison Capital Partners LLC is a private equity firm that seeks to invest in partnership between owners and operators of lower middle market companies. Addison focuses on companies with proven profitability, experienced management, diverse customers and defensible market position with an EBITDA of $1 - $10 million. The Firm targets companies operating in the fields of manufacturing, distribution and business services. Types of transactions include MBO’s, recapitalizations, growth capital and non-control Investments. Addison Capital Partners LLC was formed in 2004 and is based in West Palm Beach, Florida.

DEAL STATS #
Overall 4 of 5
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (New York) 2 of 2
Country (United States) 4 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 MPD Chemicals

Ambler, Pennsylvania, United States

MPD Chemicals LLC is a manufacturer of specialty chemicals and custom synthesis solutions. MPD Chemicals was founded in 2008 and is based in Feasterville-Trevose, Pennsylvania.

Sell $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 IMG Companies

Livermore, California, United States

IMG Companies is a manufacturer of process sensitive, critical and highly engineered components and consumable parts. IMG provide OEMs responsive solutions for the manufacture of quick turn, prototype, and commercial-scale component and consumable parts for semiconductor, aerospace and defense, medical device, and energy applications. IMG Companies was founded in 2004 and is based in Livermore, California.

Sell $270M
Mergr

Product

Company

Legal