M&A Deal Summary |
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Date | 2018-08-20 |
Target | Grakon |
Sector | Automotive |
Buyer(s) | Methode Electronics |
Sellers(s) | Industrial Growth Partners |
Deal Type | Add-on Acquisition |
Deal Value | 420M USD |
Advisor(s) | Baird (Financial) Kirkland & Ellis (Legal) |
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Category | Company |
---|---|
Founded | 1946 |
Sector | Electronics |
Employees | 7,500 |
Revenue | 1.1B USD (2024) |
Methode Electronics is a global developer of custom engineered and application specific products and solutions with manufacturing, design and testing facilities in China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, the Philippines, Singapore, Switzerland, the United Kingdom and the United States. Methode Electronics was founded in 1946 and is based in Chicago, Illinois.
DEAL STATS | # |
---|---|
Overall | 14 of 14 |
Sector (Automotive) | 3 of 3 |
Type (Add-on Acquisition) | 11 of 11 |
State (Washington) | 1 of 1 |
Country (United States) | 11 of 11 |
Year (2018) | 1 of 1 |
Size (of disclosed) | 1 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-08-01 |
Pacific Insight Electronics
Burnaby, British Columbia, Canada Pacific Insight Electronics Corp. is a designer, developer, manufacturer and delivery of electronic products and full service solutions to the automotive, commercial vehicle and specialty markets. Pacific Insight provides OEMs as well as Tier 1 and Tier 2 customers with a range of cost competitive products including LED lighting systems, electronic control modules and wire harnesses. |
Buy | $114M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-11-19 |
Methode Electronics - Active Energy Solutions
Chicago, Illinois, United States Methode Electronics, Inc.'s Active Energy Solutions (AES) provides integrated safety electronics and thermal management for individual cells. |
Sell | - |
Category | Private Equity Firm |
---|---|
Founded | 1997 |
PE ASSETS | 3.4B USD |
Size | Large |
Type | Sector Focused |
Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.
DEAL STATS | # |
---|---|
Overall | 23 of 34 |
Sector (Automotive) | 1 of 1 |
Type (Add-on Acquisition) | 10 of 18 |
State (Washington) | 1 of 1 |
Country (United States) | 23 of 33 |
Year (2018) | 3 of 3 |
Size (of disclosed) | 3 of 12 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-05-01 |
IOTA Engineering
Tucson, Arizona, United States IOTA Engineering LLC is a maker of back-up power supply equipment for commercial, industrial and institutional emergency lighting applications. The Company provides a comprehensive portfolio of products that supplies light fixtures with emergency power to maintain code-compliant illumination after loss of power. IOTA is a market innovator that has developed a number of technology solutions (some patented) for LED lighting applications that have the broadest compatibility in the industry. The Company, founded in 1968, is well-positioned to continue its growth given its broad and comprehensive product line and its industry-leading reputation for technology, quality and superior customer service. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-10-09 |
BMG
Beaverton, Michigan, United States BMG is a provider of turnkey thermoforming and packaging systems for the food & beverage market. BMG offers a broad portfolio of highly-engineered thermoforming and automation equipment, in addition to best-in-class tooling and a comprehensive offering of post-sale parts, service and support. BMG was founded in 1952 and is based in Beaverton, Michigan. |
Buy | - |