M&A Deal Summary

Lutron Electronics Co. Acquires Ketra

On April 17, 2018, Lutron Electronics Co. acquired electrical equipment company Ketra from Stripes

Acquisition Highlights
  • This is Lutron Electronics Co.’s 1st transaction in the Electrical Equipment sector.
  • This is Lutron Electronics Co.’s 1st transaction in the United States.
  • This is Lutron Electronics Co.’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-04-17
Target Ketra
Sector Electrical Equipment
Buyer(s) Lutron Electronics Co.
Sellers(s) Stripes
Deal Type Add-on Acquisition

Target

Ketra

Austin, Texas, United States
Ketra, Inc. is a provider of dynamic, full-stack LED lighting solutions. Ketra was founded in 2009 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Lutron Electronics Co.

Coopersburg, Pennsylvania, United States

Category Company
Founded 1961
Sector Electrical Equipment
DESCRIPTION

Lutron Electronics Co., Inc. is a provider of an energy saving dimmers and lighting control solutions. Lutron Electronics was founded in 1961 and is based in Coopersburg, Pennsylvania.


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: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes was formed in 2008 and is based in New York, New York.


DEAL STATS #
Overall 11 of 20
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 11
State: Texas M&A 1 of 2
Country: United States M&A 11 of 20
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Levain Bakery

New York, New York, United States

Levain Bakery is a producer of bakery goods offering a diverse selection of rustic breads and cookies made with natural ingredients. Levain Bakery was founded in 1995 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-21 Turtle Beach

White Plains, New York, United States

Turtle Beach is a gaming accessory provider under the Turtle Beach brand, offering gaming headsets, game controllers, and gaming simulation accessories. The company's ROCCAT brand (www.ROCCAT.com) offers PC gaming products, including keyboards, mice, headsets, mousepads, and other PC accessories. Turtle Beach was founded in 1975 and is based in White Plains, New York.

Sell -