M&A Deal Summary

Littelfuse Acquires C&K

On April 8, 2022, Littelfuse acquired electrical equipment company C&K from Sun Capital Partners for 540M USD

Acquisition Highlights
  • This is Littelfuse’s 10th transaction in the Electrical Equipment sector.
  • This is Littelfuse’s 2nd largest (disclosed) transaction.
  • This is Littelfuse’s 15th transaction in the United States.
  • This is Littelfuse’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2022-04-08
Target C&K
Sector Electrical Equipment
Buyer(s) Littelfuse
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition
Deal Value 540M USD

Target

C&K

Waltham, Massachusetts, United States
C&K is a producer of electromechanical switches to companies that design, manufacture and distribute electronics products. C&K is a global provider of critical, highly-engineered electromechanical switches and interface technology solutions for essential applications in industrial, transportation, aerospace, and datacom products, and other industries. C&K was founded in 1928 and is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

Littelfuse

Chicago, Illinois, United States
Category Company
Founded 1927
Sector Electronics
Employees16,000
Revenue 2.4B USD (2023)
DESCRIPTION

Littelfuse is a provider of circuit protection with growing global platforms in power control and sensing. The company serves customers in electronics, automotive and industrial markets with technologies including fuses, semiconductors, polymers, ceramics, relays and sensors. Littelfuse was founded in 1927 and is based in Chicago, Illinois.

DEAL STATS #
Overall 25 of 27
Sector (Electrical Equipment) 10 of 11
Type (Add-on Acquisition) 19 of 21
State (Massachusetts) 2 of 2
Country (United States) 15 of 15
Year (2022) 1 of 2
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Carling Technologies

Plainville, Connecticut, United States

Carling Technologies engages in switching, circuit protection, and power distribution technologies predominately serving the on-/off-highway vehicle, marine, and datacom/telecom infrastructure markets. Carling Technologies was founded in 1920 and is based in Plainville, Connecticut.

Buy $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Embed

Warwickshire, United Kingdom

Embed is a provider of embedded software and firmware developed for a broad range of applications serving transportation end markets. Embed was founded in 2005 and is based in Warwickshire, United Kingdom.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 119 of 127
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 49 of 53
State (Massachusetts) 4 of 4
Country (United States) 85 of 88
Year (2022) 1 of 3
Size (of disclosed) 5 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Total Transportation Services

Long Beach, California, United States

Total Transportation Services is a port and rail drayage businesses in North America and is the only drayage provider with a container yard strategically located within the Port of Los Angeles, the largest port of entry by container volume in North America. The Company also has a growing presence in other significant markets, including New York/New Jersey, Chicago, Seattle/Tacoma, Norfolk, and Savannah. In addition to drayage, TTSI offers regional trucking with dedicated fleets, warehousing, and brokerage primarily serving the retail, freight logistics, apparel, and automotive markets. Total Transportation Services was founded in 1989 and is based in Long Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 DD

Witham, United Kingdom

DD is a full-service supplier of dental supplies, equipment. DD supply over 12,000 UK practices with an extensive range of dental products and supplies and our services cover everything you need to run a successful practice including training, compliance, equipment servicing and maintenance. DD is based in Witham, United Kingdom.

Buy -
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