M&A Deal Summary

Methode Electronics Acquires Pacific Insight Electronics

On August 1, 2017, Methode Electronics acquired electrical equipment company Pacific Insight Electronics for 114M USD

Acquisition Highlights
  • This is Methode Electronics’ 5th transaction in the Electrical Equipment sector.
  • This is Methode Electronics’ 2nd largest (disclosed) transaction.
  • This is Methode Electronics’ 1st transaction in Canada.
  • This is Methode Electronics’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2017-08-01
Target Pacific Insight Electronics
Sector Electrical Equipment
Buyer(s) Methode Electronics
Deal Type Add-on Acquisition
Deal Value 114M USD
Advisor(s) Cassels
Farris (Legal)

Target

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.

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Buyer(S) 1

Buyer

Methode Electronics

Chicago, Illinois, United States
Category Company
Founded 1946
Sector Electronics
Employees7,500
Revenue 1.1B USD (2024)
DESCRIPTION

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 13 of 14
Sector (Electrical Equipment) 5 of 5
Type (Add-on Acquisition) 10 of 11
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2017) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 PROCOPLAST s.a.

Lontzen, Belgium

PROCOPLAST s.a. is an independent manufacturer of automotive assemblies. PROCOPLAST s.a. was founded in 1989 and is headquartered in Lontzen, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-20 Grakon

Seattle, Washington, United States

Grakon LLC is a designer and manufacturer of highly-engineered and customized lighting systems and components for transportation markets. Grakon was founded in 1977 and is based in Seattle, Washington.

Buy $420M
Mergr

Product

Company

Legal