M&A Deal Summary

LUXIT Group Acquires Sea Link International

On January 11, 2022, LUXIT Group acquired automotive company Sea Link International from New Water Capital

Acquisition Highlights
  • This is LUXIT Group’s 2nd transaction in the Automotive sector.
  • This is LUXIT Group’s 2nd transaction in the United States.
  • This is LUXIT Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-01-11
Target Sea Link International
Sector Automotive
Buyer(s) LUXIT Group
Sellers(s) New Water Capital
Deal Type Add-on Acquisition

Target

Sea Link International

Largo, Florida, United States
Sea Link International is a provider of design support and manufacturer of high-precision automotive lighting components servicing global Tier 1 and OEM customers. Sea Link International was founded in 1988 and is based in Largo, Florida.

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Buyer(S) 1

Buyer

LUXIT Group

Farmington Hills, Michigan, United States
Category Company
Founded 2022
Sector Manufacturing
DESCRIPTION

LUXIT Group is a technology expert in vehicle small lamp design, with a mission to inspire and guide the evolution of lighting for styling, branding, performance, and safety. LUXIT Group was formed in 2022 and is based in Farmington Hills, Michigan.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Myotek Industries

Auburn, California, United States

Myotek Industries is a Tier 1 OEM Transportation LED Lighting Manufacturer that offers innovative products, competitive pricing and aggressive timing to market. Myotek Industries was founded in 1997 and is based in Auburn, California.

Buy -

Seller(S) 1

SELLER

New Water Capital

Category Private Equity Firm
Founded 2014
PE ASSETS 406M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New Water Capital is a private equity firm focused on special situation investments in the consumer products, retail, manufacturing, and services sectors. New Water seeks under performing companies, corporate carve-outs, turnarounds, as well as businesses in transition, either growth challenged or facing succession issues. New Water will consider opportunities throughout the US and Canada and seeks businesses with $30 to $300 million in revenue. New Water Capital was formed in 2014 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 6 of 11
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 2 of 2
Country (United States) 6 of 9
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Myotek Industries

Auburn, California, United States

Myotek Industries is a Tier 1 OEM Transportation LED Lighting Manufacturer that offers innovative products, competitive pricing and aggressive timing to market. Myotek Industries was founded in 1997 and is based in Auburn, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Klosterman Baking Company

Cincinnati, Ohio, United States

Klosterman Baking Company is a certified WBE independent wholesale bakery that bakes over 400 varieties of hearth bread, sandwich buns, rolls, flatbread, and organic bread available fresh in Ohio, Kentucky, Indiana,Tennessee, and Pennsylvania. It also distributes frozen products globally. Klosterman Baking Company was formed in 1892 and is based in Cincinnati, Ohio.

Buy -
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