M&A Deal Summary

MMT Acquires Glebar

On June 2, 2020, MMT acquired machinery company Glebar from Eureka Equity Partners

Acquisition Highlights
  • This is MMT’s 1st transaction in the Machinery sector.
  • This is MMT’s 1st transaction in the United States.
  • This is MMT’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2020-06-02
Target Glebar
Sector Machinery
Buyer(s) MMT
Sellers(s) Eureka Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Cowen Group, Inc. (Financial)

Target

Glebar

Ramsey, New Jersey, United States
Glebar is a custom equipment builder and contract manufacturer specializing in close-tolerance and high precision design and engineering solutions. Glebar was founded in 1952 and is based in Ramsey, New Jersey.

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Buyer(S) 1

Buyer

MMT

Charlotte, North Carolina, United States

Category Company
Sector Medical Products
DESCRIPTION

MMT is a vertically integrated business serving the medical device manufacturing industry and beyond. MMT offers process development, applications and equipment, technical solutions, and aftermarket support. MMT is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 3
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Syneo

West Palm Beach, Florida, United States

Syneo is a provider of manufacturing equipment, cutting tools, and services for the medical device and electronics manufacturing industries. Syneo's primary solutions serve catheter, guidewire, and minimally-invasive medical device applications. The company’s comprehensive lines of Accu-branded and Syneo Sharp products are known for delivering an unparalleled level of sharpness and precision, enhancing catheter and surgical device applications through automated handling, cutting, drilling, and precision hole-punching capabilities. Syneo was formed in 2011 and is based in West Palm Beach, Florida.

Buy -

Seller(S) 1

SELLER

Eureka Equity Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 20 of 23
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 9 of 12
State (New Jersey) 2 of 4
Country (United States) 20 of 23
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 LegalPartners

Chicago, Illinois, United States

LegalPartners is an alternative legal services provider (“ALSP”) focused on outsourced team-based legal solutions, substantive engagements requiring sophisticated legal professional services, and other legal staffing services. LegalPartners is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-20 iPEC Coaching

Shrewsbury, New Jersey, United States

iPEC Coaching is a provider of coach training and certification solutions to the worldwide professional coaching industry. iPEC offers coaching certifications to its students through both fully virtual and live training formats in North America, Europe, and Asia. In addition to its core training and certification business, the Company also provides training and coaching services to corporations and business support tools to the professional coach industry. iPEC Coaching is based in Shrewsbury, New Jersey.

Buy -