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  6. Marquette Capital Partners and RockWood Equity Partners Acquire Astrex Electronics

M&A Deal Summary

Marquette Capital Partners and RockWood Equity Partners Acquire Astrex Electronics

On September 2, 2008, mezzanine finance firm Marquette Capital Partners and private equity firm RockWood Equity Partners acquired electronics company Astrex Electronics from RAD Electronics

Acquisition Highlights
  • This is Marquette Capital Partners’ 1st and RockWood Equity Partners’ 1st transaction in the Electronics sector.
  • This is Marquette Capital Partners’ 19th and RockWood Equity Partners’ 11th transaction in the United States.
  • This is Marquette Capital Partners’ 1st and RockWood Equity Partners’ 2nd transaction in New York.
Investment Fate
  • Astrex Electronics was sold to a strategic buyer in 2012.
  • Astrex Electronics was sold to a strategic buyer in 2014.

M&A Deal Summary
Date 2008-09-02
Target Astrex Electronics
Sector Electronics
Buyer(s) Marquette Capital Partners
RockWood Equity Partners
Sellers(s) RAD Electronics
Deal Type Divestiture

Target

Astrex Electronics

Plainview, New York, United States
Astrex is a value-added distributor of electronic connectors and accessories used in military and aerospace applications, as well as medical and industrial equipment and other applications requiring high-reliability, ruggedized electronic interconnects.

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Buyer(S) 2

Buyer

Marquette Capital Partners

St. Louis Park, Minnesota, United States

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 258M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marquette Capital Partners (MCP) is a private investment focused on junior capital investments in mature lower-middle market companies. MCP looks to invest $2 to $10 million per transaction to support growth, recapitalization, or change of control transactions. Prospective companies are typically manufacturers of consumer or industrial products, value-added distributors, business to business service companies, and retail businesses. MCP will not invest in start-ups, early stage venture capital, or real estate businesses. The firm is an affiliate of Marquette Financial Companies, a multibillion dollar financial services firm. Marquette Capital Partners was formed in 1997 and is based in Minneapolis, Minnesota, with an additional office in Chicago, Illinois.

DEAL STATS #
Overall 19 of 23
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 19 of 23
Year: 2008 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Allison Payment Systems

Indianapolis, Indiana, United States

Allison Payment Systems, LLC, is a full service customer communication solutions provider specializing in digital transactional document presentment, print & mail services and a host of Electronic Document Delivery and Management (EDDM) tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-06 CNW

Cincinnati, Ohio, United States

CNW is a manufacturer of cylinders, plates, and engraves used primarily in the printing industry. The company also refurbishes cylinders used in the highest quality rotogravure printing process. CNW was founded in 1984 and is based in Cincinnati, Ohio.

Sell -
Buyer

RockWood Equity Partners

Shaker Heights, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

RockWood Equity Partners is a private equity firm looking to acquire profitable lower-middle market North American companies generating sales of $10 to $75 million and EBITDA of $2 to $7 million. Target transaction types include management buyouts, recapitalizations, growth equity financings, and divestitures. Sectors of interest include aerospace, defense, healthcare, industrials/industrial technology, and business services. RockWood Equity Partners was formed in 1999 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 13 of 26
Sector: Electronics M&A 1 of 2
Type: Divestiture M&A Deals 3 of 4
State: New York M&A 2 of 5
Country: United States M&A 11 of 24
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-12 Medical Positioning

Kansas City, Missouri, United States

Medical Positioning, Inc. is a manufacturer of medical positioning equipment to support therapy for children and adults with disabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-24 Minco Technology Labs

Austin, Texas, United States

Minco is a fab-less manufacturer, processor and value-added distributor of semiconductors and components used in military, aerospace, medical, energy and other high-reliability applications.

Buy -

Seller(S) 1

SELLER

RAD Electronics

Islandia, New York, United States
Category Company
Sector Manufacturing
DESCRIPTION

RAD Electronics, Inc. (“RAD”), a leading contract manufacturer of electronic equipment for the OEM marketplace.

DEAL STATS #
Overall 1 of 1
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-13 RPM Technology

Fort Collins, Colorado, United States

RPM Technology, Inc. is a full service contract manufacturing company providing complex assembly of printed circuit boards for companies in the semiconductor, medical, industrial controls, and instrumentation industries.

Buy -
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