M&A Deal Summary

La Barge Acquires Pinnacle Electronics

On February 11, 2004, La Barge acquired electronics company Pinnacle Electronics from Main Street Capital Holdings

Acquisition Highlights
  • This is La Barge’s 1st transaction in the Electronics sector.
  • This is La Barge’s 1st transaction in the United States.
  • This is La Barge’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2004-02-11
Target Pinnacle Electronics
Sector Electronics
Buyer(s) La Barge
Sellers(s) Main Street Capital Holdings
Deal Type Add-on Acquisition

Target

Pinnacle Electronics

East Pittsburgh, Pennsylvania, United States
Electronic contract manufacturer specializing in high reliability and low volume applications.

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Buyer(S) 1

Buyer

La Barge


Category Company
Sector Consumer Products
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1

Seller(S) 1

SELLER

Main Street Capital Holdings

Pittsburgh, Pennsylvania, United States

Investor Investor


Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a private equity firm that acquires profitable, growth-oriented companies located in the US. Areas of interest include electronic manufacturing services, food, homeland security, metallic alloy parts manufacturers, niche manufacturing, and value-added distribution. Prospective companies should have EBITDA of at least $2 million. Main Street looks to invest $3 to $25 million per transaction in businesses valued up to $125 million. The Firm prefers control situations and will not invest in start-ups, turnarounds, commodities, retail, or restaurants. Main Street Capital Holdings is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 2 of 12
Sector (Electronics) 1 of 2
Type (Add-on Acquisition) 2 of 6
State (Pennsylvania) 1 of 2
Country (United States) 2 of 11
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-01 Sabrosura Foods

Bloomington, Minnesota, United States

Sabrosura Foods is a manufacturer of Hispanic foods, including cheeses, desserts, and meats. Sabrosura has several authentic Hispanic brands including El Viajero, La Morenita, Reynaldo’s and Bio Salud! alongside broad private label capabilities. Sabrosura maintains a national footprint with multiple best-in-class facilities that serve a wide range of end markets. Sabrosura Foods was founded in 1985 and is based in Bloomington, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 4FRONT Solutions

Erie, Pennsylvania, United States

4FRONT Solutions LLC is a provider of electronic manufacturing services which includes the production of printed circuit boards, cables, and full box build assemblies. 4FRONT Solutions serves a number of large blue-chip customers across a broad range of industries, including medical, transportation, industrial controls, data storage, defense, and communications. 4FRONT Solutions was founded in 1989 and is based in Erie, Pennsylvania.

Buy -