Buyout (LBO, MBO, MBI) • Electronics

Main Street Capital Holdings Acquires Conelec of Florida

On January 31, 2011, private equity firm Main Street Capital Holdings acquired electronics company Conelec of Florida

Acquisition Context
  • This is Main Street Capital Holdings’ 2nd transaction in the Electronics sector.
  • This is Main Street Capital Holdings’ 9th transaction in the United States.
  • This is Main Street Capital Holdings’ 1st transaction in Florida.
Investment Fate
  • Conelec of Florida was sold to a strategic buyer in 2019.

Explore All 179 Buyout (LBO, MBO, MBI) Electronics Deals - Search the Database Free


M&A Deal Summary

Date January 31, 2011
Target Conelec of Florida
Sector Electronics
Buyer(s) Main Street Capital Holdings
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Genesis Capital (Financial)
GreenbergTraurig (Legal)

Target Company

Conelec of Florida

Sanford, Florida, United States
Conelec of Florida LLC is a provider of electronic manufacturing services to original equipment manufacturers in the medical, military communications, and industrial markets. Conelec of Florida was founded in 1983 and is based in Sanford, Florida.
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Buyer Overview 1

Buyer

Main Street Capital Holdings

Pittsburgh, Pennsylvania, United States

Investor Investor


Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a private equity firm that acquires profitable, growth-oriented companies located in the US. Areas of interest include electronic manufacturing services, food, homeland security, metallic alloy parts manufacturers, niche manufacturing, and value-added distribution. Prospective companies should have EBITDA of at least $2 million. Main Street looks to invest $3 to $25 million per transaction in businesses valued up to $125 million. The Firm prefers control situations and will not invest in start-ups, turnarounds, commodities, retail, or restaurants. Main Street Capital Holdings is based in Pittsburgh, Pennsylvania.


Deal Context for Buyer #
Overall 9 of 15
Sector: Electronics 2 of 2
Type: Buyout (LBO, MBO, MBI) 8 of 11
State: Florida 1 of 1
Country: United States 9 of 14
Year: 2011 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-12 Harry s Fresh Foods

Portland, Oregon, United States

Harry's Fresh Foods is a provider of consumers and foodservice partners with a range of fresh and prepared foods, including soups, chilis, stews, side dishes, entrées, sauces, gravies, and desserts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-20 Contessa Premium Foods

Commerce, California, United States

Contessa Premium Foods has produced seafood of consistent quality and value, pioneering a new set of Quality Assurance standards in the industry.

Buy $51M