M&A Deal Summary

LEMO USA Acquires Northwire

On June 23, 2014, LEMO USA acquired electrical equipment company Northwire from Spell Capital Partners

Acquisition Highlights
  • This is LEMO USA’s 1st transaction in the Electrical Equipment sector.
  • This is LEMO USA’s 1st transaction in the United States.
  • This is LEMO USA’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2014-06-23
Target Northwire
Sector Electrical Equipment
Buyer(s) LEMO USA
Sellers(s) Spell Capital Partners
Deal Type Add-on Acquisition

Target

Northwire

Osceola, Wisconsin, United States
Northwire, Inc. is a designer, manufacturer and contract service provider of custom technical products including wire and cable, retractile cords, cable assemblies, connectors, harnesses, injection molding, over-molding and contract engineering for diverse applications in life sciences, aerospace and defense, energy, industrial, architectural lighting, underwater and more.

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Buyer(S) 1

Buyer

LEMO USA

Rohnert Park, California, United States

Category Company
Sector Electrical Equipment
DESCRIPTION

LEMO USA, Inc. design and manufacture of precision custom connection solutions.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 13 of 37
Sector: Electrical Equipment M&A 2 of 3
Type: Add-on Acquisition M&A Deals 8 of 21
State: Wisconsin M&A 1 of 5
Country: United States M&A 13 of 37
Year: 2014 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Las Vegas Color Graphics

Las Vegas, Nevada, United States

Las Vegas Color Graphics offers a full spectrum of high-end commercial printing, mailing, and signage services including electronic prepress, offset and digital printing, finishing, and fulfillment/delivery to a growing base of corporate clients nationwide. Las Vegas Color Graphics was founded in 1978 and is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-09 Production Services Associates

Buffalo Grove, Illinois, United States

Production Services Associates LLC is a designs, manufactures, and distributes plastic cards, offering turnkey solutions for gift, loyalty, membership, identification, promotional, and single source programs.

Sell -