Add-on Acquisition • Electrical Equipment

Macro Magnetics Acquires Grand Power Systems

On February 27, 2022, Macro Magnetics acquired electrical equipment company Grand Power Systems from Blackford Capital

Acquisition Context
  • This is Macro Magnetics’ 1st transaction in the Electrical Equipment sector.
  • This is Macro Magnetics’ 1st transaction in the United States.
  • This is Macro Magnetics’ 1st transaction in Michigan.

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M&A Deal Summary

Date February 27, 2022
Target Grand Power Systems
Sector Electrical Equipment
Buyer(s) Macro Magnetics
Sellers(s) Blackford Capital
Deal Type Add-on Acquisition

Target Company

Grand Power Systems

Grand Haven, Michigan, United States
Grand Power System is a custom designer and manufacturer of inductive components that include Power Transformers, Line/Load Reactors, and DC Chokes. GTI specializes in providing dry-type custom products that meet the unique requirements of OEM's in a variety of markets, some of which include: Adjustable Speed Drives, Elevators, Power Quality, Medical, Energy/Renewables, and HVAC. Grand Power Systems is founded in 1948 and is based in Grand Haven, Michigan.
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Buyer Overview 1

Buyer

Macro Magnetics

Grand Haven, Michigan, United States

Category Company
Sector Electrical Equipment
DESCRIPTION

Macro Magnetics is a manufacturer of engineered electrical products creating solutions for the commercial OEM and industrial end use markets. Macro Magnetics is based in Grand Haven, Michigan.


Deal Context for Buyer #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
State: Michigan 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1

Seller Profile 1

SELLER

Blackford Capital

Grand Rapids, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Blackford Capital is a private investment firm that targets mature or growth-oriented manufacturing, distribution, and service companies located in North America. Specific areas of interest include paper; rubber and miscellaneous plastics; stone, clay, and glass products; primary metal industries; fabricated metal products; industrial machinery and equipment; and electronics and other electrical equipment. Blackford prefers situations where management is seeking to retire or exit. The Firm's target revenue range is between $20 and $100 million. Blackford Capital Partners was formed in 2000 and is based in Grand Rapids, Michigan.


Deal Context for Seller #
Overall 13 of 19
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 5 of 7
State: Michigan 3 of 6
Country: United States 12 of 18
Year: 2022 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 ID Collaborative

Greensboro, North Carolina, United States

ID Collaborative is a commercial furniture procurement and interior design firm. ID Collaborative was founded in 1986 and is based in Greensboro, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Hall Technologies

Coppell, Texas, United States

Hall Technologies provides the next generation of A/V technology across many applications and has been trusted in thousands of installations worldwide. Hall Technologies was founded in 1984 and is based in Coppell, Texas.

Sell -