M&A Deal Summary

Kendrion Acquires FAS Controls

On December 27, 2011, Kendrion acquired electrical equipment company FAS Controls from Industrial Opportunity Partners

Acquisition Highlights
  • This is Kendrion’s 2nd transaction in the Electrical Equipment sector.
  • This is Kendrion’s 2nd transaction in the United States.
  • This is Kendrion’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2011-12-27
Target FAS Controls
Sector Electrical Equipment
Buyer(s) Kendrion
Sellers(s) Industrial Opportunity Partners
Deal Type Add-on Acquisition

Target

FAS Controls

Shelby, North Carolina, United States
FAS Controls is a manufacturer of pressure switches, valves, circuit breakers, mechanical switches, coils and solenoids. These custom-designed and application specific products are primarily sold to original equipment manufacturers of heavy trucks, automobiles and commercial equipment.

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Buyer(S) 1

Buyer

Kendrion

Amsterdam, Netherlands
Category Company
Founded 1859
Sector Electrical Equipment
Employees2,570
Revenue 519M EUR (2023)
DESCRIPTION

Kendrion is an entity engaged in development, production and marketing of electromagnetic components for industrial and automotive applications. The Company’s products are used in a diversity of products, such as lifts, industrial robots, medical equipment, electrical switchbox systems, diesel engines, air-conditioning and motor cooling systems. Kendrion was founded in 1859 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 5 of 8
Sector (Electrical Equipment) 2 of 3
Type (Add-on Acquisition) 5 of 8
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-25 Magneta Kg

Aerzen, Germany

Magneta Gmbh & Co. Kg manufactures small electromagnetic brakes and clutches.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 Kuhnke AG

Malente, Germany

Kuhnke AG manufacturers automotive products.

Buy -

Seller(S) 1

SELLER

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Industrial Opportunity Partners is a private equity firm focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. IOP looks to invest $15 to $100 million in companies with revenues between $50 and $500 million with an EBITDA of $5 to $50 million. Sectors of interest include building products, electronics, foundry, and casting products, precision machining, stamped and fabricated products, automotive components and steel/metal processing. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of businesses. Industrial Opportunity Partners was formed in 2005 and is based in Evanston, Illinois.

DEAL STATS #
Overall 1 of 22
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 14
State (North Carolina) 1 of 3
Country (United States) 1 of 20
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-14 Toledo Molding & Die

Toledo, Ohio, United States

Toledo Molding & Die, Inc. is a full-service automotive supplier that designs, develops and manufactures highly engineered molded thermoplastic components and assemblies such as interior cockpit modules and air and fluid management products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 Algoma Hardwoods

Algoma, Wisconsin, United States

Algoma Hardwoods is a leading manufacturer of architectural wood doors for commercial construction, with primary usage in new construction and remodeling of office buildings, medical buildings, stadiums and high-rise condos. The company is headquartered in Algoma, WI and has a second manufacturing facility in Jefferson City, TN.

Sell -
Mergr

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