M&A Deal Summary

L-Com Acquires MilesTek

On January 22, 2013, L-Com acquired technology hardware company MilesTek from HighPoint Capital Management and Castle Island Partners

Acquisition Highlights
  • This is L-Com’s 1st transaction in the Technology Hardware sector.
  • This is L-Com’s 2nd transaction in the United States.
  • This is L-Com’s 1st transaction in Texas.

M&A Deal Summary

Date 2013-01-22
Target MilesTek
Sector Technology Hardware
Buyer(s) L-Com
Sellers(s) HighPoint Capital Management
Castle Island Partners
Deal Type Add-on Acquisition

Target

MilesTek

Denton, Texas, United States
MilesTek Corp. is a designer and manufacturer of wired and wireless communication connectivity products.

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Buyer(S) 1

Buyer

L-Com

North Andover, Massachusetts, United States

Category Company
Founded 1982
Sector Technology Hardware
DESCRIPTION

L-Com, Inc. is a supplier of wired and wireless connectivity products. L-Com Global Connectivity offers a wide range of solutions and unrivaled customer service for the electronics and data communications industries.


DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 HyperLink Technologies

Boca Raton, Florida, United States

HyperLink Technologies is recognized in the wireless industry as a high-quality manufacturer of antennas, amplifiers, and other wireless connectivity equipment.

Buy -

Seller(S) 2

SELLER

HighPoint Capital Management

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

HighPoint Capital LLC is a specialty finance company that provides capital for internal growth needs, refinancings, strategic acquisitions, management buyouts and dividend recapitalizations. HighPoint provides cash flow and asset based senior and subordinated term loans ranging between $2 and $10 million for lower middle market companies. The firm focuses on companies with $10 to $100 million of revenue and EBITDA of $2 to $10 million. HighPoint Capital was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 13
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (Texas) 1 of 1
Country (United States) 7 of 13
Year (2013) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 NDS Surgical Imaging

San Jose, California, United States

NDS Surgical Imaging is a manufacturer of flat-panel Liquid Crystal Display (“LCD”) screens for medical applications. The company’s screens are used in conjunction with endoscopy systems primarily for minimally invasive surgery in the operating room and for diagnostic imaging on the radiology side.

Sell $83M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Utrecht Manufacturing

Cranbury, New Jersey, United States

Utrecht is a niche retailer of fine arts supplies (i.e. art supplies for the serious artist as opposed to crafts) with 35 stores nationwide.

Sell -
SELLER

Castle Island Partners

Newton, Massachusetts, United States

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Castle Island Partner is a private equity firm that targets investments in North American businesses. Castle Island seeks platform companies with EBITDA ranging from $2 to $10 million. Sectors of interest include distribution, manufacturing, software, and service businesses in the industrial and consumer sectors. Castle Island Partners was formed in 2007 and is based in Newton, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-23 MilesTek

Denton, Texas, United States

MilesTek Corp. is a designer and manufacturer of wired and wireless communication connectivity products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Organic Dyes

Lincoln, Rhode Island, United States

Organic Dyes is a colorant solution provider offering a broad range of high-quality dyes, pigments, and specialty chemicals used in a diverse base of industries including textiles, coatings, agricultural products, construction materials, HI&I, and many others. Organic Dyes was established in 1949 and is based in Lincoln, Rhode Island.

Buy -