M&A Deal Summary

KKR Acquires Potter Electric

On November 27, 2023, private equity firm KKR acquired technology hardware company Potter Electric from Gryphon Investors

Acquisition Highlights
  • This is KKR’s 5th transaction in the Technology Hardware sector.
  • This is KKR’s 198th transaction in the United States.
  • This is KKR’s 2nd transaction in Missouri.

M&A Deal Summary
Date 2023-11-27
Target Potter Electric
Sector Technology Hardware
Buyer(s) KKR
Sellers(s) Gryphon Investors
Deal Type Secondary Buyout

Target

Potter Electric

St. Louis, Missouri, United States
Potter Electric is a designer and manufacturer of mission-critical specialty electronic and electromechanical products for the fire safety industry. Potter Electric Signal was founded in 1898 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 464 of 483
Sector (Technology Hardware) 5 of 6
Type (Secondary Buyout) 96 of 107
State (Missouri) 2 of 3
Country (United States) 198 of 210
Year (2023) 17 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-29 OMS Group

Shah Alam, Malaysia

OMS Group is a global, neutral and integrated telecommunications infrastructure company with a wide range of services covering subsea telecommunications installation and maintenance, digital infrastructure ownership and digital Infrastructure engineering, procurement, maintenance and construction (EPC) under our Interconnect Managed Services division. OMS Group was founded in 1988 and is based in Shah Alam, Malyasia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-07 Smart Metering Services

Glasgow, United Kingdom

Smart Metering Services is an energy infrastructure company which owns, installs, and manages carbon reduction (CaRe) assets, including smart meters and energy storage. Smart Metering Services was founded in 1995 and is based in Glasgow, United Kingdom.

Buy £1.3B

Seller(S) 1

SELLER

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 32 of 35
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 12 of 14
State (Missouri) 1 of 1
Country (United States) 32 of 35
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 AirX Climate Solutions

Yukon, Oklahoma, United States

AirX Climate Solutions provides highly engineered, specialty cooling and ventilation solutions serving mission-critical applications across a diverse set of end markets, including telecommunications, data centers, energy storage, rental, educational, and industrial/commercial markets. AirX Climate Solutions is based in Yukon, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 RoC

New York, New York, United States

RoC is an independent skincare brand offering clinically proven, dermatologist-backed skin health solutions. The company offers hypoallergenic skincare products, broad-spectrum UV protection, and stabilized Retinol products. Its products are sold globally, including in the U.S., Canada, Europe, Australia and China. RoC was founded in 1957 and is based in New York City.

Sell -
Mergr

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