M&A Deal Summary

Landon Capital Partners Acquires ICON Electric Vehicles

On December 1, 2020, family office Landon Capital Partners acquired automotive company ICON Electric Vehicles

Acquisition Highlights
  • This is Landon Capital Partners’ 1st transaction in the Automotive sector.
  • This is Landon Capital Partners’ 5th transaction in the United States.
  • This is Landon Capital Partners’ 1st transaction in Florida.

M&A Deal Summary

Date 2020-12-01
Target ICON Electric Vehicles
Sector Automotive
Buyer(s) Landon Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

ICON Electric Vehicles

Tampa, Florida, United States
ICON Electric Vehicles is a manufacturer of quality electric recreational low speed vehicles ("LSV") and commercial utility vehicles. ICON's street legal vehicles are marketed as safe, clean energy automotive alternatives for short distance traveling. ICON Electric Vehicles is based in Tampa, Florida.

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Buyer(S) 1

DESCRIPTION

Landon Capital Partners is a family office focused on acquiring healthcare services, niche manufacturing, business services, and food/beverage companies. Landon Capital seeks control situations and prefers US-based opportunities, although the Firm will opportunistically consider acquisitions in Europe. Target companies generally exhibit opportunities to create value, strong management, and predictable earnings. Landon Capital Partners was formed in 2015 and is based in Boston, Massachusetts, and has offices in New York and London.


DEAL STATS #
Overall 5 of 13
Sector: Automotive M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 4
State: Florida M&A 1 of 1
Country: United States M&A 5 of 12
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 ebbo

Rocky Hill, Connecticut, United States

ebbo is a developer and operator of cloud based comprehensive platform for membership and loyalty programs through an owned and operated channel and white label channel. ebbo was founded in 2001 and is based in Rocky Hill, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Alcom

Winslow, Maine, United States

Alcom designs and manufactures specialty aluminum trailers that are sold primarily in the United States and Canada. Alcom produces highly featured aluminum trailers in hundreds of configurations based on customer requests. Its dealer network includes over 300 dealers. The company’s brand names include Mission Trailers, SnoPro/CargoPro, E-Z Hauler, and High Country. Alcom was founded in 2005 and is based in Winslow, Maine.

Buy -