M&A Deal Summary

JHFOSTER Acquires Celco Controls

On December 14, 2022, JHFOSTER acquired technology hardware company Celco Controls from High Road Capital Partners

Acquisition Highlights
  • This is JHFOSTER’s 1st transaction in the Technology Hardware sector.
  • This is JHFOSTER’s 1st transaction in Canada.
  • This is JHFOSTER’s 1st transaction in Manitoba.

M&A Deal Summary

Date 2022-12-14
Target Celco Controls
Sector Technology Hardware
Buyer(s) JHFOSTER
Sellers(s) High Road Capital Partners
Deal Type Add-on Acquisition

Target

Celco Controls

Winnipeg, Manitoba, Canada
Celco Controls engineers, programs and assembles customized automation control systems for a diverse set of end-markets, including food processing, metals and mining, power generation, and infrastructure. Celco Controls was founded in 1979 and is based in Winnipeg, Manitoba.

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Buyer(S) 1

Buyer

JHFOSTER

Eagan, Minnesota, United States

Category Company
Founded 1938
Sector Distribution
DESCRIPTION

JHFOSTER is a distributor of motion control parts and accessories, compressed air systems, collaborative robots, industrial robotics, and electrical automation products. JHFOSTER was founded in 1938 and is based in Eagan, Minnesota.


DEAL STATS #
Overall 3 of 4
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: Manitoba M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Sensors

Delano, Minnesota, United States

Sensors is a distributor and integrator of industrial sensing products and systems, including machine vision, process control, and monitoring, barcode scanning, and safety guarding solutions. Sensors are based in Delano, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-02 DevLinks

Arlington Heights, Illinois, United States

DevLinks is a national systems integrator with a focus on tailoring robotics technology and advanced automation solutions for the plastic industry. From the project inception to completion, the company's process involves project management, mechanical engineering, robot programming, controls engineering, support and diagnostics, installation, and documentation making them a one-stop solution shop for most automation needs. As a contract machine shop, it offers services and capabilities, such as build-to-print assembly and retrofitting existing equipment. DevLinks was founded in 2004 and is based in Arlington Heights, Illinois.

Buy -

Seller(S) 1

SELLER

High Road Capital Partners

Greenwich, Connecticut, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

High Road Capital Partners is a private equity firm focused on acquiring smaller middle-market companies in partnership with management. High Road looks to invest in companies with revenues of $5 to $100 million with an EBITDA of $1 to $ 10 million. Broad areas of interest include manufacturing, service, and value-added distribution businesses. Target transaction situations include buyouts and recapitalization. High Road will consider both control and non-control investments. High Road Capital Partners was formed in 2007 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 14 of 14
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 9
State: Manitoba M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Radix Wire & Cable

Glenwillow, Ohio, United States

Radix Wire & Cable is a manufacturer of electrical wire and cable for high-performance applications - serving the industrial, commercial, fire protection, consumer, and oil & gas markets. Radix Wire & Cable was founded in 1944 and is based in Cleveland, Ohio.

Sell -