M&A Deal Summary

Lone Star Investment Advisors Acquires Continental Electronics

On October 6, 2008, private equity firm Lone Star Investment Advisors acquired technology hardware company Continental Electronics from Veritas Capital

Acquisition Highlights
  • This is Lone Star Investment Advisors’ 1st transaction in the Technology Hardware sector.
  • This is Lone Star Investment Advisors’ 6th transaction in the United States.
  • This is Lone Star Investment Advisors’ 6th transaction in Texas.

M&A Deal Summary

Date 2008-10-06
Target Continental Electronics
Sector Technology Hardware
Buyer(s) Lone Star Investment Advisors
Sellers(s) Veritas Capital
Deal Type Secondary Buyout

Target

Continental Electronics

Dallas, Texas, United States
Continental Electronics develops, manufactures, and markets radio frequency transmitters. It specializes in the design, development, and manufacturing of leading-edge digital and analog transmitter systems for the global market. Continental Electronics is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Lone Star Investment Advisors

Dallas, Texas, United States

Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lone Star Investment Advisors is a private equity firm that specializes in leveraged acquisitions and recapitalizations of strategically viable, middle-market businesses with strong potential for growth. The Firm invests in a wide variety of industry sectors including manufacturing, industrial, distribution, business services, energy, and utilities. Lord Star Investment Advisors is based in Dallas, Texas.


DEAL STATS #
Overall 6 of 12
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Texas) 6 of 12
Country (United States) 6 of 12
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 Woodlawn Manufacturing

Marshall, Texas, United States

Woodlawn Manufacturing is an integrated manufacturer of metal parts for military ammunition and warheads. The Company serves as a first and second-tier supplier to the United States military, producing rocket warhead bodies, flare cases, and miscellaneous ammunition. Woodlawn Manufacturing is based in Marshall, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-02 Alsay

Houston, Texas, United States

Alsay drills and services large diameter water wells for municipal water systems, privately operated municipal utility districts, and a variety of large industrial clients. Alsay constructs highly engineered and specialized wells costing up to $2 million each, and also provides extensive maintenance services on a large base of installed wells. Alsay was formed in 1960 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Veritas Capital

New York, New York, United States

Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.


DEAL STATS #
Overall 4 of 27
Sector (Technology Hardware) 1 of 3
Type (Secondary Buyout) 1 of 9
State (Texas) 1 of 1
Country (United States) 4 of 27
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 CRGT

Reston, Virginia, United States

CRGT, Inc. is a full life-cycle IT services provider for the Federal Government, offering customers agile software development, data analytics, and cyber security & infrastructure support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-01 ViaPath Technologies

Falls Church, Virginia, United States

ViaPath Technologies is a provider of telecommunications and technology services to the United States corrections industry. ViaPath Technologies offers innovative product solutions including offender management systems, case management systems, and inmate phone systems. ViaPath Technologies was founded in 1989 and is based in Falls Church, Virginia.

Buy -